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


To: Nanda who wrote (11815)6/2/1998 10:23:00 AM
From: John Chapman  Respond to of 13949
 
CSHK NEWS biz.yahoo.com



To: Nanda who wrote (11815)6/2/1998 10:45:00 AM
From: JSI  Respond to of 13949
 
Peritus and Hitachi Data Systems Win Year 2000 Contract

Tuesday, June 2, 1998 10:00 AM

Year 2000 Remediation Services to Be Provided For Fulton County, Georgia

BILLERICA, Mass., June 2 /PRNewswire/ -- Peritus Software Services, Inc.
(Nasdaq: PTUS), a leading provider of solutions for software maintenance, today
announced that Hitachi Data Systems(HDS) and Peritus were selected to provide Year
2000 services for Fulton County, Georgia, the seventeenth largest county in the United
States. Peritus will provide its Enterprise Renovation Suite/2000 solution to perform
inventory analysis, assessment, and correction of the Year 2000 problem. HDS will
provide project office management and consulting services, including business risk
management analysis, systems assessment, and test planning management.

"HDS and Peritus have the experience and expertise to provide a solution that will
enable us to have the very best Year 2000 services," said John Rowan, Fulton County
Director of Information
Technology. "We were extremely impressed with Hitachi Data Systems and their
resolve to work with only the finest co-providers."

The Fulton County contract is the result of a joint sales and marketing effort by HDS
and Peritus. HDS is the primary service provider on this multi- year, multi-million dollar
project. Peritus was selected by HDS to be the sole Year 2000 remediation vendor.
HDS selected Peritus because of the high accuracy and automation of the Peritus
solution for addressing the Year 2000 problem. The combination of Peritus and HDS
provide a complete, best-in-class Year 2000 solution.

"We've made it our highest priority to form alliances with companies that provide
best-of-breed solutions for all the parts of the Year 2000 process," said Gene Donlan,
HDS product manager. "Our joint project with Peritus provides Fulton County with an
outstanding start-to-finish solution."

"We are very excited about working with HDS on the Fulton project," said Gareth
Taube, vice president of Worldwide Marketing, at Peritus. "There is a clear and strong
synergy between the products and services of both companies. Fulton County will
benefit from our combined expertise."

Peritus and HDS plan to continue to work together on other opportunities in the future.

About Fulton County, GA

Fulton County is the largest and most diverse county in Georgia, and contains the
highest concentration of Fortune 500 companies in the state. Fulton County is among
the first in Georgia to
begin a concerted Year 2000 renovation project. The County is to take a leadership
position on implementing technology to enable effective response to their constituency.

About Hitachi
Hitachi Data Systems markets worldwide, a broad range of information processing
solutions,including enterprise servers, storage subsystems, peripheral products, and
professional services. Owned by Hitachi, Ltd. and EDS, HDS has its headquarters in
Santa Clara, California. For online information about HDS' products and services, visit
its Web Site at hds.com.

About Peritus

Founded in 1991, Peritus Software Services, Inc., (Nasdaq: PTUS) is a leading
provider of solutions and technology for software maintenance. Peritus software
maintenance solutions enable organizations to transform software maintenance into an
efficient, cost-effective process to boost productivity and performance. For the Year
2000 problem, Peritus provides a complete solution for implementing and evaluating
Year 2000 compliance. Peritus has successfully renovated more than a billion lines of
code for clients worldwide. Peritus is headquartered in Billerica, MA and can be
reached at 1-800-598-7787 or at the Peritus Web site peritus.com.

Peritus is a registered trademark, and Enterprise Renovation Suite/2000 is a trademark
of Peritus Software Services, Inc.

SOURCE Peritus Software Services, Inc.

CONTACT: Ted Swoyer of Peritus Software Services, Inc., 978-670-0800,
tswoyer@peritus.com or
Kim Miller of Fitzgerald Communications Inc., 617-494-9500, kmiller@fitzcomm.com
or Bob Neudecker of Hitachi Data Systems, 408-970-4450, neudecker@HDS.com or
Ann Wead Kimbrough
of Fulton County, 404-730-8302, annkimbrough@mindspring.com

Quote for referenced ticker symbols: PTUS



To: Nanda who wrote (11815)6/2/1998 12:24:00 PM
From: P. Ramamoorthy  Read Replies (2) | Respond to of 13949
 
Nanda - We like your upbeat predictions and the underlying optimism.
Today's bond market (down), leading economic indicators (good), home sale (higher than expected!), etc. are confusing to most conventional investor community. Blue chips are falling while S&P 500 continues to creep up. Some money is returning to the tech sector to pick up bargains. If the fund managers want to beat the S&P 500, they need to return to the stocks you mentioned and show better returns for their investors. Ram