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To: Lizzie Tudor who wrote (25069)	8/3/2005 1:22:43 AM
From: stockman_scott	Respond to of 57684

Silver Creek Systems Secures New Funding ebizq.net 08/01/2005 Silver Creek Systems, provider of enterprise data integration, compatibility and usability solutions, today announced the company has accepted $6 million in additional venture capital funding. Silver Creek said the round is being led by Chicago-based KB Partners with additional participation from existing investors. Existing investors include Palomar Ventures, the BV Group, and Cornerstone Ventures. The following information was provided to ebizQ: “We have identified the Data Integration space as one with significant potential for growth, with increased recognition that solving data integration problems is mission-critical,” said Robert Garber, managing director for KB Partners. “There are significant gaps in the vendor landscape and a growing need to make data more usable and understandable within companies and between trading partners. Silver Creek Systems is uniquely positioned to fill that gap with proven technology, successful customer implementations and an experienced management team.” Funds will be used to expand Silver Creek Systems’ growth including sales and marketing efforts to raise awareness in the industry of Silver Creek Systems’ breakthrough Data Refraction™ technology in its DataLens™ System. This technology has had overwhelming success with customers in resolving enterprise data incompatibility, with the added benefits of improved scalability, integration and administration. “We view ourselves as the missing link in Data Integration technology,” said Barbara Mowry, chief executive officer of Silver Creek Systems. “Most Data Integration technologies can help make data more accessible, but we make the data usable.” Continued Mowry, “We have a breakthrough technology and our customers are achieving breakthrough results.” Many companies struggle to integrate large amounts of complex and continually changing data updated from disparate sources. Silver Creek Systems’ unique approach resolves the issue of complex data compatibility and provides data in a form that is usable – even if the data may have been built using different data standards. This solution is essential in all areas of business including, supply-chain integration, business intelligence, customer service, PIM (Product Information Management), MDM (Master Data Management), ERP implementations, system consolidation in mergers and acquisitions, and making product information complete, consistent and easy to find on corporate websites. “As a CIO who has dealt with data issues for over 30 years, I know just how painful and inefficient data integration projects can be and it inevitably boils down to data integrity and differences in data format. Silver Creek Systems has a ‘wow’ technology that can completely alter that situation, providing a viable and successful solution for its customers,” said James Pollard, current member of Silver Creek Systems’ Board of Directors and former CIO of Gateway Computers and Tech Data Corporation. “Any data-intensive system will work better as a result of what Silver Creek Systems can do.” Silver Creek Systems’ DataLens System interprets the meaning of complex and variable information of any type in order to standardize, enrich, classify and translate it into foreign languages, on demand as required by the changing demands of the business. The DataLens System operates as a real-time web service to enable rapid implementation with minimum impact on existing systems. Silver Creek Systems was named as a “Cool Vendor” in Data Integration by leading analyst firm, Gartner, and has also recently announced customer relationships with Avnet Electronics Marketing and Anixter International.

To: Lizzie Tudor who wrote (25069)	8/3/2005 1:25:24 AM
From: stockman_scott	Respond to of 57684

Oracle Buys a Stake in Bank Software Company ___________________________________________________ By SARITHA RAI The New York Times August 3, 2005 nytimes.com BANGALORE, India - The Oracle Corporation said Tuesday that it would buy a majority stake in i-flex solutions, India's biggest software company, to gain a more focused array of banking programs. The deal could be worth as much as $909 million. I-flex solutions, based in Mumbai, is the world's leading seller of banking software. The sale is expected to close by the end of the year. Oracle's purchase would include a 41 percent stake owned by Citigroup Venture Capital and up to another 20 percent stake from public shareholders. After regulatory approval, Oracle, based in Redwood Shores, Calif., is required under Indian law to make an open public bid for a further 20 percent stake of the company. About 39 percent of the company's stock is publicly traded. Oracle, the software giant, and i-flex have collaborated in the last decade, but the new alliance is expected to combine the market reach of Oracle with the banking software expertise of i-flex. I-flex will continue to operate as an independent, publicly traded company in India with its current management team. Charles E. Phillips, president of Oracle, will join its board. I-flex employs 5,500 people and has nearly 600 banking customers in 115 countries. Besides Citigroup, main customers of i-flex include UBS Securities, General Electric Capital and Deutsche Bank. India's software companies dominate the outsourced services segment; i-flex is an exception to the mold in that it builds application software and sells it. Its products, mainly its best-selling Flexcube software, support consumer, investment and Internet banking, asset management and other banking services.

To: Lizzie Tudor who wrote (25069)	8/3/2005 1:41:35 AM
From: Elroy	Read Replies (1) \| Respond to of 57684

Now this is amazing. ADI is lowering guidance because cell phones are weak! Analog Devices Provides Preliminary Results for Third Quarter of Fiscal 2005 biz.yahoo.com NORWOOD, Mass.--(BUSINESS WIRE)--Aug. 2, 2005--Analog Devices (NYSE: ADI - News) today estimated, on a preliminary basis, its revenue for the fiscal third quarter ended July 30, 2005 will be in the range of $580 to $585 million, down approximately 3% to 4% from the immediately prior quarter. This revised revenue estimate is below the guidance of 0% to 3% growth communicated on May 12, 2005, due primarily to an estimated $23 million sequential decline from the second quarter in sales of GSM/GPRS base band chipsets to wireless handset customers in Asia. Wireless handsets represented approximately 10% of revenue in the third quarter.