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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (32658)	5/2/2000 1:50:00 PM
From: Stock Watcher	Respond to of 52051

more MIGR & Intel news: May 2, 7:03 MIGR and Intel Corp. Collaborate to Optimize IA-64 Porting Process \266 Migration Workbench(TM) Technology Automates Redeployment of Applications From 32-Bit Platforms to Upcoming 64-Bit Intel(R) Itanium(TM) Processor SANTA CLARA, Calif., and DALLAS--(BUSINESS WIRE)--May 2, 2000-- Intel Corporation (Nasdaq:INTC - news) and MigraTEC, Inc. (OTCBB:MIGR - news), a provider of platform migration technology, announced today that the companies have agreed to collaborate to optimize the process of migrating applications from 32-bit platforms to the new 64-bit Intel© Itanium(TM) processor. This follows a successful six-month proof-of-concept evaluation conducted by Intel's Software Performance Labs. Intel and MigraTEC will continue their collaboration on an automated toolset designed to improve productivity in migrating applications to the Itanium(TM) processor architecture. Based on MigraTEC's Migration Workbench(TM) software, the toolset is targeted at accelerating market adoption of the Itanium(TM) processor platform. According to MigraTEC president and CEO Curtis Overstreet, the companies will help Independent Software Vendors and corporate enterprises more quickly embrace the benefits afforded by Intel's powerful new technology. MigraTEC's Migration Workbench(TM) software automates the platform migration or upgrade of C and C++ application software. Migration Workbench(TM) software is now available to ISVs and corporate IT customers in Intel's Applications Solutions Centers worldwide. ``Intel-based servers with the Itanium(TM) processor represent a new level of world class platform that will be the foundation for driving the Internet economy,'' said Elliot Garbus, Director of the ISV Performance Labs. ``The MigraTEC toolset compliments Intel's efforts in enabling our customers to rapidly move their solutions to this powerful Internet Economy building block.'' ``Intel's Itanium(TM) processor will open a new era in enterprise computing,'' said Overstreet. ``MigraTEC's tools will enable Intel and Intel's customers to optimize the process of migrating applications to the 64-bit architecture. This will help them leverage their IT investments by more quickly and efficiently migrating existing mission-critical applications to the new platform.'' Industry analysts at Aberdeen Group, Inc. (www.aberdeen.com) concluded in a recent executive white paper (``Inside Intel's Merced: A Strategic Planning Discussion'') that applications such as business intelligence, Internet commerce and online transaction processing may perform better by taking advantage of IA-64 parallel processing technology. Aberdeen's paper also stated that IA-64 will give information systems executives their first opportunity to standardize enterprise hardware platforms on one architecture for server environments. ``Migration Workbench(TM) technology can help companies optimize their e-commerce technical infrastructure,'' said MigraTEC's Overstreet. ``By consolidating applications on a single server architecture and operating system, companies can create a more manageable, efficient and reliable system. ``MigraTEC has been performing large-scale migration of applications for more than 5 years,'' Overstreet added. ``We have expertise few companies can match, with our technology having been used in approximately 400 successful migration projects, involving several different operating systems and platforms.'' More about MigraTEC Based in Dallas, Texas, MigraTEC, Inc. develops and markets leading-edge software tools and technology solutions to its business partners and customers. MigraTEC tools save customers significant time and money by automating the migration and upgrading of C and C++ based application software. MigraTEC's technology addresses 32 to 64-bit migration of mission-critical applications as well as migration to advanced operating systems. MigraTEC, Inc. is publicly traded on the OTC Bulletin Board under the symbol ``MIGR.'' For more information, contact MigraTEC, Inc. at 11494 Luna Road, Suite 100, Dallas, Texas, 75234; telephone 972/969-0385; fax 972/969-0371; web address www.migratec.com. The statements contained in this release that are not purely historical are forward-looking statements that may involve risks and uncertainties. The Company's actual results may differ significantly from the results contained in the forward-looking statements. These risk factors are discussed in the Company's filings on Forms 8-K, 10-QSB and 10-KSB. MigraTEC is a registered trademark and Migration Workbench is a trademark of MigraTEC, Inc. Intel is a registered trademark and Itanium is a trademark of Intel Corporation. Other brands and marks are the property of their respective holders. INVESTOR CONTACT: MigraTEC, Inc. is a full-filing company, and investors are encouraged to visit the company's web site at migratec.com for Investor Relations documents and contacts.