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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (1963)	6/4/1998 12:14:00 PM
From: Thelonious	Respond to of 9818

DATA GENERAL COMPLETES SALES AGREEMENT WITH EGAN SYSTEMS HOLBROOK, N.Y.--(BUSINESS WIRE)--June 4, 1998--Egan Systems Inc. (OTCBB:EGNS) announced Thursday an agreement with Data General Corporation's (NYSE:DGN) Channel Sales Division to resell Egan's Year 2000 software toolset. The sales will be made to Data General's customers whose systems use Interactive COBOL and or AOS/VS COBOL and who wish to perform Year 2000 impact assessment and remediation of their own source code. Data General will also exclusively market Egan's in-house Year 2000 and software migration services to customers who wish to subcontract all or part of their Year 2000 or software migration projects. Additionally, Data General will offer an innovative turnkey package consisting of the appropriate Egan G-2K tool suite and a specifically configured DG Windows NT workstation on which to perform the necessary Year 2000 fixes. The Interactive COBOL package will also contain a full development and runtime license for this popular version of COBOL which allows full impact assessment, remediation, recompilation and preliminary testing to be done on the same workstation. The bundled package is expected to save customers thousands of dollars over the price of individual components and will be available within two weeks. Ed Egan, president of Egan Systems, said: ''Striking a deal with Data General truly shows the quality and demand for Egan Systems' products. With prices for our stand-alone tools ranging from $18,000-30,000 and with 3,300 initial customers identified, we expect strong potential sales.'' Data General's Channel Sales Division is in frequent contact with thousands of users of DG's Eclipse MVs and AViiON systems internationally and will focus on the sites employing DG's AOS/VS operating system in conjunction with Interactive COBOL or AOS/VS COBOL. Data General is a $1.6 billion/year company that specializes in providing high-end servers, redundant array storage systems and related software and service to information technology users worldwide. The company is headquartered in Westboro, Mass. and additional information on the company is available on the Internet at www.dg.com. Egan Systems is a leader in providing Year 2000 Impact Assessment and Remediation tools and services. Egan specializes in building tools and solutions for COBOL languages and related software products. The company is located in Holbrook, NY with research and design facilities in Raleigh, NC. The company's website is: www.egns.com.

To: Bill Ounce who wrote (1963)	6/4/1998 12:50:00 PM
From: jwk	Read Replies (1) \| Respond to of 9818

>>> Makes for a nice sales presentation though :-) <<< That was the spirit in which I posted it. Definately, a fwiw post! 80]

To: Bill Ounce who wrote (1963)	6/10/1998 10:39:00 AM
From: Bill Ounce	Read Replies (2) \| Respond to of 9818

USA Today -- Feds concerned about Y2K progress usatoday.com [...] Everybody is guessing how bad it will be, including me," says Sen. Robert Bennett, R-Utah, who will chair Senate hearings today on what corporations are doing to avert crippling computer crashes. "And no one will find out until New Year's Day 2000 or a week or two afterward." [...] This is Titanic America," Yardeni says. "Everyone said the Titanic was the wonder of the age back then, and it was." Now scientists say what sank the Titanic were brittle, defective rivets, the unseen, smallest component of the otherwise unsinkable ship, ripped loose by an iceberg. "Today's computers are the rivets of our booming economy," Yardeni says. "We're steaming along at full speed, through the waters of the Atlantic. There's an iceberg ahead, and we're feasting on the upper deck enjoying the good times." [...] Investors in the dark At Wednesday's hearing, Triaxsys CEO Steve Hock says he will tell the Senate subcommittee that "you cannot discern anything meaningful about the progress of half the top 250 U.S. corporations from those SEC filings." [...] Peter de Jager, perhaps the first consultant to raise the specter of Y2K catastrophe with major U.S. corporations, offered some hope at a symposium last week. "Between now and Jan. 1, 2000, the kind of mobilization, like the Manhattan Project will happen," he predicts. "The only question is are we smart enough to do it sooner rather than later."