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Technology Stocks : Formula Systems : FORTY -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (128)	3/2/2000 1:00:00 PM
From: Dorine Essey	Respond to of 141

Hi, I hold MGIC, FORS and FORTY and am doing very well. FORS is still not moving, but it will. I am in @ $11.00 Dorine

To: Sultan who wrote (128)	3/6/2000 9:30:00 AM
From: Dorine Essey	Respond to of 141

MAGIC SOFTWARE'S JAPANESE SUBSIDIARY SIGNS SIX MAJOR PARTNERS TO MARKET, SELL AND IMPLEMENT MAGIC EMERCHANT IN JAPAN IRVINE, CALIF.--(BUSINESS WIRE)--MARCH 6, 2000-- MORE THAN 400 BUSINESS EXECUTIVES -------------------------------------------------------------------------------- IRVINE, Calif.--(BUSINESS WIRE)--March 6, 2000-- More than 400 Business Executives Attend First Two Seminars to Introduce the Award-Winning eCommerce Solution to Japanese Corporations Magic Software Enterprises (Nasdaq: MGIC.O), a leading provider of e-commerce and other enterprise-level business solutions, Monday announced that its wholly-owned Japanese subsidiary, Magic Software Japan, has contracted with five major solutions partners and one major consulting firm to market, sell and implement the company's award-winning e-commerce solution, Magic eMerchant(TM), in Japan. The five solutions partners include Fujitsu LSI Technologies, Toshiba Engineering Inc., Agrex Inc., Nav Assist Corp. and Sumisho 4S, who have all agreed to use Magic eMerchant as a basis for all future e-business programs they implement. PriceWaterhouseCoopers Consulting Inc. will be the primary consulting partner for Magic eMerchant business in Japan. Magic eMerchant recently was introduced in the Japanese market with a media conference and two introductory seminars that drew more than 400 high-level business executives interested in learning how Magic eMerchant could benefit their companies. Magic Software Japan, which has seven sales offices throughout Japan and more than 800 business partners nationwide, expects to use this early momentum to capture a sizeable share of the Japanese e-commerce market. A Leader in the Japanese Market Magic Software Japan, which was established in 1998 and began operations in 1999, has built a solid reputation and strong presence in the Japanese market, where it currently controls approximately 20% of the application development technology segment. Currently, Magic's products are being used by more than 18,000 corporations nationwide in that country, including Tsumura & Co., Tostem Corp., and Matsushita Electrical Industrial Co. Ltd., among others. "The launch of Magic eMerchant in Japan and the collaborative support of our partners will enable Magic to continue to offer the Japanese market a very high level of technological superiority and service," said Jack Dunietz, chief executive officer of Magic. "Japanese companies will benefit from the consulting expertise of our partners and the cost savings and efficiencies that Magic eMerchant provides companies wanting to quickly web-enable their businesses." Magic eMerchant, which won a "Best of Show" award at the Internet Commerce Expo in Boston last year when the product was first introduced in the United States, is a customizable e-commerce platform that combines an industrial strength e-commerce solution for supply chain management with a powerful virtual order center. It delivers enterprise-level processing power and security along with rapid integration with back-end corporate systems. All of Magic Software Japan's new partners plan to use Magic eMerchant to enhance their product offerings, and increase the already high levels of customer satisfaction they enjoy. "The appeal of eMerchant lies in its high level of security and scalability, as well as the fact that it can be introduced within a very short timeframe. In addition, its fast and easy customization features give it exceptional productivity, making it ideal for Web-based system integration," said Shuichi Kakehi, manager of the CIM division of Fujitsu LS Technologies. "At Fujitsu LSI Technologies, we have positioned eMerchant as one of the major platforms in our future solutions business." "Toshiba Engineering intends to position eMerchant as a major solution in our e-business endeavors," said Kenichi Doi, vice president and group executive of Toshiba Engineering Inc. "We believe that eMerchant, with its superior customization productivity and rich extensibility, is ideally suited to the current working environment, which demands much faster delivery and more frequent system modifications and extensions." About Magic Software

To: Sultan who wrote (128)	3/7/2000 7:47:00 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 141

RESEARCH ALERT-Merill starts Magic Software -------------------------------------------------------------------------------- LONDON, March 7 (Reuters) - Merrill Lynch said in a research report that it had initiated coverage of Israel's Magic Software Enterprises Ltd MGIC.O with a buy recommendation. -- "Magic has developed a computer language so simple to use that it saves 80%-90% of programming time, over more traditional tools like Oracle's developer 2000 and Progress," said analyst Tal Liani. -- Sees 12-month price objective $40. -- "A two-pronged strategy was implemented in 1998: a) vertical integration to gain the mark-up generated by the software houses; & b) a focus on e-business and CRM applications. -- "The success was immediately noticed: the Company launched its first e-commerce module in September 1999 and has gained already 14 contracts. -- "Also, Magic's Linux offering is another source for an upside. All Magic's applications are ready for Linux. It has also recently released the first native Linux development tool. -- "We attribute a lot of value to Magic's strong marketing channels: it has presence in 50 countries and work directly or through 2,500 software houses, which exclusively develop and market Magic applications. -- "To conclude the upside, we see three sources of a further rerating: the shift in focus on to the applications market; P&L-enhancing acquisitions; and the Linux upside. REUTERS Rtr 04:47 03-07-00