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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (9569)2/19/1998 2:46:00 PM
From: Tech Master  Read Replies (1) | Respond to of 13949
 
ALYD- CPWR PRESS RELEASE

Thursday February 19, 2:12 pm Eastern Time

Company Press Release

SOURCE: Alydaar Software Corporation

Thomson Selects Compuware, Alydaar, MTS People Source For Year 2000 Administration

CHARLOTTE, N.C., Feb. 19 /PRNewswire/ -- Thomson Consumer Electronics, Inc., makers of consumer electronics products bearing the RCA, GE, and PROSCAN brands, has selected Compuware Corporation (Nasdaq: CPWR - news), Alydaar Software Corporation (Nasdaq: ALYD - news), and MTS People Source to administer the company's Year 2000 compliance program.

The contract calls for Compuware to provide overall program administration, automated testing tools, and professional services to assist Thomson with its testing process. Alydaar will perform remediation of Thomson's legacy programs, primarily MVS/COBOL. MTS People Source will provide package assistance and will work with Compuware to establish test strategies and plans.

''Our Year 2000 project team is confident the professional services, tools, and methods provided by the partnership of Compuware, Alydaar, and MTS will successfully resolve the Y2K issues associated with Thomson's mission-critical business applications,'' said Tom Kerby, Thomson's General Manager-Corporate Information Systems.

''We are pleased Thomson has selected the Compuware, Alydaar, and MTS team to provide a Year 2000 solution,'' added Steve Fagan, Compuware's Senior Vice President-Professional Services.

Alydaar Chief Executive Officer Robert Gruder stated, ''I believe the fix- it, test-it combination of Alydaar, Compuware, and MTS provides the premier Year 2000 solution available today. Thomson has demonstrated a serious effort to become Year 2000-compliant on time and with a dedicated Year 2000 team.''

MTS President Lou Marcoccia commented, ''MTS is delighted to work with Thomson to assist them with their Year 2000 project.''

The Year 2000 issue results from computer programs written in the 1970s and 1980s that recognize years only as two-digit numbers. Thus, a 00 reading for the year 2000 may cause an error in many programs or could be interpreted as 1900. The worldwide cost to repair the Year 2000 problem is estimated to be in excess of $600 billion.

About Thomson Consumer Electronics, Inc.

Based in Indianapolis, IN, Thomson Consumer Electronics is the leading consumer electronics company in the United States. More than 7,500 employees work in Thomson's five U.S. manufacturing plants and nationwide sales, engineering, research, and administrative offices. The company also operates high-volume component and assembly facilities in Mexico and Brazil.

Consumer electronics products sold under Thomson's RCA, GE, and PROSCAN brands include color television receivers, digital satellite systems, VCRs, digital video disc players, camcorders, telephones, and personal audio products. Thomson also brings the Internet to home television through the RCA Network Computer.

Thomson is the U.S. sales leader in television, digital satellite systems, and VCRs, and the second-largest marketer of camcorders and audio and telephone communications products.

Thomson Consumer Electronics, Inc. is a subsidiary of THOMSON multimedia, based in Paris, France.

About Compuware

Compuware Corporation is a leading worldwide provider of software products and professional services that help information technology professionals efficiently develop, implement, and support the applications that run their businesses. Founded in 1973, Compuware today employs more than 4,300 professionals and ranks as one of the largest independent software providers in the world. The company's products have been licensed by nearly 11,000 organizations worldwide.

Compuware now offers QASolutions testing services as part of Production 2000, a complete management process for applying, testing, and implementing Year 2000 conversions. The innovative packaged service delivers a proven process and the expertise to enable businesses to assess, implement, and integrate their testing into the application life cycle. QASolutions leverages the strength of Compuware's QACenter suite of mainframe, client/server, and Internet products to develop an efficient and repeatable testing process.

About Alydaar

Alydaar Software Corporation is a software reengineering company specializing in services to resolve the Year 2000 issue as well as computer language translation and system migration services. Using SmartCode, their core engineering technology, Alydaar already has corrected millions of lines of code for its clients and put the code back into production. The company has offices throughout North America and Europe.

About MTS

MTS People Source is a systems integrator providing Year 2000 services that include assessment, legacy system clean-up, packaging, change control, and testing methodologies.