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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Mykldee who wrote (4252)	6/3/1998 10:02:00 AM
From: Boob	Read Replies (2) \| Respond to of 25711

ALERT: TEKC HUGE NEWS...inside Easy $2.50 on this news, unbelievable for a BB..read Teknowledge Awarded $12M Next Generation Internet 2 Contract PR Newswire - June 03, 1998 09:45 TEKC %CPR %MLM %CON V%PRN P%PRN Jump to first matched term Assembles All-Star Team PALO ALTO, Calif., June 3 /PRNewswire/ -- Teknowledge Corporation (OTC Bulletin Board: TEKC) has been awarded a $12 million dollar contract to develop the Next Generation Internet ("Internet 2"). Teknowledge is a prime contractor for the integration, evaluation, demonstration and transfer of technologies being developed under the Quorum Global Distributed Computer program. Quorum is part of the Defense Advanced Research Project Agency ("DARPA") Internet 2 program, which is defining a revolutionary approach to improving the quality of service in network-based computing. DARPA created the original Internet in the 1960s. Neil Jacobstein, President and Chief Operating Offer, said: "We see this Internet 2 contract as strategic to our Distributed Systems Engineering and E-Commerce Systems business units. It represents an extraordinary technical and business opportunity. The contract requires Teknowledge to commercialize the products of its R&D work, specifically quality of service (QOS) extensions to the Windows NT(TM) operating system." John Connell, Teknowledge's Distributed Systems Engineering Program Manager, said: "We are assembling an all-star team for our Quorum Internet 2 contract. We have already recruited Dr. Slava Vaynman from Netscape Corporation, and several other key players inside Teknowledge. We are currently searching for an outside project leader who has outstanding technical vision, distributed systems integration experience and project management skills." Frederick Hayes-Roth, Chairman and CEO, commented, "Teknowledge is already deeply involved in creating the Next Generation Internet or Internet 2. We are playing a central role in the DOD's Next Generation Information Infrastructure, and we are now in a position to take a leadership role in the Internet 2 component integration and quality of service software. We will pursue several high value technical and business opportunities to leverage this key contract." Teknowledge's contract contains one option which, if exercised, will bring the total cumulative value of the contract to approximately $25M. Work is expected to be completed in September 2001. The contract was competitively selected, with 96 other proposals received. This contract confirms the notification of award given Teknowledge in January 1998. Teknowledge's current backlog of multi-year project commitments, including this contract, stands at $33M. Space and Naval Warfare Systems Center, San Diego, Calif., is the contracting agency. Teknowledge is a 16 year-old distributed knowledge management Company. It provides architecture, design and software systems development services for government and commercial Internet applications. Teknowledge's E-Commerce Systems business sells commercial software and services for selling products on the Internet. Teknowledge stock is traded OTC under the symbol TEKC. NOTE: Windows NT is a trademark of Microsoft Corporation. SOURCE Teknowledge Corporation /CONTACT: Dennis Bugbee, Director of Finance of Teknowledge, 650-424-0500/ (TEKC)