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Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year? -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (1210)	1/6/2003 9:09:56 PM
From: SemiBull	Read Replies (1) \| Respond to of 1274

PeopleSoft Extends Leadership in Human Capital Management with New Solutions Monday January 6, 6:02 am ET New Global HR Applications Improve Workforce Management and Performance Measurement PLEASANTON, Calif.--(BUSINESS WIRE)--Jan. 6, 2003--PeopleSoft Inc. (Nasdaq:PSFT - News), the worldwide market leader in human capital management solutions, announced the general availability of four new products in its industry-leading Human Resources Management (HRMS) suite. As part of PeopleSoft's new HRMS 8.8 release, the solutions will enable organizations to more effectively manage their workforce and measure performance, driving higher productivity while reducing costs. The new solutions include ePerformance, Help Desk for Human Resources and Mobile Time Management. Additionally, PeopleSoft has expanded its geographic capabilities for Global Payroll to include India, New Zealand, Malaysia, Singapore, the Netherlands and Brazil. "Organizations must continue to align their workforces with enterprise strategies to drive business performance," said Jim Holincheck, research director of Human Resource Management, Gartner, Inc. "By leveraging software solutions that integrate strategic workforce capabilities and streamline the human resources function, HR deptartments can provide the value to the enterprise that is necessary to be successful in today's market." The following HRMS 8.8 products are available immediately: PeopleSoft ePerformance is an enterprise-wide solution that enables organizations to reinforce corporate objectives from the boardroom to the storeroom. The solution aligns all employees with an organization's goals and objectives, ensuring that valuable resources are effectively utilized. PeopleSoft HelpDesk for Human Resources drives efficiency in handling HR-related inquiries by supporting HR specialists with a 360-degree view of every employee's case history and HR data. This enables them to quickly manage and resolve employee HR issues in real time. The solution can intelligently connect employees to an HR specialist with the appropriate skills to address their specific request. PeopleSoft Mobile Time Management is the first product to be available within the HCM mobile business applications suite currently under development, PeopleSoft Mobile Workforce. Mobile Time Management can help reduce costs and save time by ensuring data accuracy and time reporting flexibility for employees who must connect remotely to their time reporting systems. PeopleSoft Global Payroll can administer and consolidate pay information across multiple geographies and workforces on a single database. As a result, payroll information is more accurate and timely, and serves the country-specific requirements as well as corporate reporting and regulatory needs. The PeopleSoft Global Payroll engine provides organizations with complete control over the most complex payroll processes including absence management, regulatory, and statutory requirements. This reduces the number of servers and the complexity of support associated with typical payroll installations. "Organizations are constantly challenged to find new and innovative ways to drive value through their workforce," said Doug Merritt, vice president and general manager, PeopleSoft HCM. "These new products demonstrate that PeopleSoft continues to distinguish itself by providing superior HCM solutions that enable organizations to streamline, deploy, and align their workforce for better business results." About PeopleSoft PeopleSoft (Nasdaq: PSFT - News) is the world's leading provider of application software for the real-time enterprise. PeopleSoft pure Internet software enables organizations to reduce costs and increase productivity by directly connecting customers, suppliers, partners and employees to business processes on-line, in real time. PeopleSoft's integrated, best-in-class applications include Customer Relationship Management, Supply Chain Management, Human Capital Management, Financial Management and Application Integration. More than 4,900 organizations in 140 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com. PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners. Copyright (c) 2002 PeopleSoft, Inc. All rights reserved. Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. Factors that may bear on the accuracy of these predictions include economic conditions in the U.S. and abroad, the ability to complete and deliver products and services within currently estimated time frames and budgets, market response to product announcements, and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. Please refer to the Company's periodic reports to shareholders (Forms 10-K and 10-Q) for more information on the risk factors that could cause actual results to differ. -------------------------------------------------------------------------------- Contact: PeopleSoft Inc. Megan Clark, 925/694-5539 megan_clark@peoplesoft.com or Porter Novelli Katie Bromley, 415/975-2215 katie.bromley@porternovelli.com -------------------------------------------------------------------------------- Source: PeopleSoft Inc.