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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (7049)	1/19/1998 3:56:00 PM
From: Richard H.	Respond to of 64865

This is not it, but JAVA is sure in the news.... Extensity to unveil all-Java business software By Kourosh Karimkhany PALO ALTO, Calif., Jan 19 (Reuters) - Extensity Inc., a closely held startup, will unveil a software product on Tuesday that is aimed at helping big companies cut costs associated with expense reports, time cards and purchase orders. The two-year-old company, based in Emeryville, Calif., also will announce that it received an additional $6 million in financing from its investors. They include venture capital firms Hummer Winblad Venture Partners and Weiss, Peck & Greer Venture Partners, said Sharam Sasson, Extensity's chief executive and founder. To date, the company has raised $7 million. Using Extensity's software, employees of big companies will be able to file their expense reports from anywhere they can get access to the Internet. The software -- which works with popular browser software like Netscape Navigator -- keeps track of expenses, asks the employee to explain expenditures that do not meet corporate policy (''Why did you rent a car from brand X instead of brand Y?''), passes the reports to appropriate managers and tells the payable department how much to reimburse. Because Extensity wrote its software products entirely in the Java computer language, they will run on any kind of computer that can tap into the Internet, the global computer network. Future Extensity products will automate time card tracking and purchase request forms for things like office supplies. By eliminating the labor and expenses associated with paperwork, companies can save millions of dollars a year, Sasson said. ''We are addressing a major market that wasn't pursued by traditional enterprise software companies,'' like Germany's SAP AG and PeopleSoft Inc., Sasson said. Sasson has plenty of experience in so-called enterprise software products, the computer programs that help managers run manufacturing and financial operations. In the early 1990s, Sasson and three others founded Scopus Technology Inc. [Nasdaq:SCOP - news], a software concern that specializes in sales, marketing and customer service products. But unlike most enterprise software that costs millions and take months to install, Extensity's products will be simple to install and easy to learn. ''If you have a browser, you can have our applications,'' Sasson said. Extensity has caught the attention of influential players in Silicon Valley. Kleiner Perkins Caufield & Byers, the venture capital firm that funded software stars like Netscape Communications Corp., was an early investor. Scott McNealy, the CEO of computer maker Sun Microsystems Inc., is also expected to express his support for Extensity at the company's debut on Tuesday. Extensity is one of the first companies to sell full-blown business software written in Sun's Java computer language. Go Java! Richard