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Technology Stocks : ROSS SYSTEMS a turnaround? -- Ignore unavailable to you. Want to Upgrade?

To: bob zagorin who wrote (2404)	8/23/1998 11:26:00 AM
From: nord	Read Replies (1) \| Respond to of 3067

I think the key to ross future is their ability to continue to grow their var in various segments. they have targeted steel,chemical,pharmaceutical,dairy, health care etc. As they add to their affiliations its lends more credability and opens up new market opportunities to sell into. the fact that they met estimates despite asia and that they have consistently announced new deals does not suggest hype but a company that is trying to reestablish credability with the street. seems to me that they have gotten their financial house in order. Ross Systems and Higman Healthcare Form Strategic Alliance to Help Healthcare Organizations Optimize HIS Investments PR Newswire - August 21, 1998 10:41 ATLANTA, Aug. 21 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading supplier of business software solutions for the client/server market, announced today that it has formed a partnership with Higman Healthcare, a business unit of Allegiance Healthcare Corporation. Higman Healthcare is a St. Petersburg, Florida-based operational and strategic planning healthcare consulting corporation. The Healthcare industry represents a growing part of Ross' revenue. Over the past year, software license contracts from healthcare institutions grew by 28%. A key component of the Ross healthcare focus is the relationship with consulting and implementation partners. Higman Healthcare, focused solely on the Healthcare industry, brings expertise in the integration of administrative and clinical solutions as well as industry best practices. "By combining Higman's operational expertise and Ross' administrative solution applications, clients will be able to streamline business processes and accelerate return on investment" notes Dennis Vohs, CEO and Chairman of the Board for Ross Systems, Inc. "We welcome Higman as a partner and look forward to offering these value-added solutions to our healthcare clients." Higman Vice President, Joe Falanga points to Ross' products and direction as key reasons for his company's decision to form the partnership. "Ross is the kind of high-powered, high-quality, state-of-the-art company we like to do business with," he says. "It's important to Higman that its partners are forward-thinking and creative, and that they share our sensitivity to customers' needs." Since 1986, Higman Healthcare has offered a comprehensive array of consulting services designed to develop the most successful healthcare organizations possible. By continually innovating and consistently offering high-quality services, Higman Healthcare has quickly grown into one of the largest operational and strategic planning healthcare consulting companies in the United States. Ross Systems, Inc. develops, markets and supports a broad range of client/server business solutions, including financials, manufacturing, maintenance, distribution, supply chain management, transportation management, materials management, and human resources applications, as well as comprehensive application development products. Ross Systems products are available for the following open systems environments: Hewlett-Packard's HP- UX; IBM's RS/6000; and Digital's Alpha architecture, Fujitsu DS-90 UNIX, Siemens Nixdorf, OpenVMS, Digital UNIX and Microsoft Windows NT support for the Intel and Alpha chips. More than 3,000 companies around the world use business solutions from Ross Systems to run their operations. Time will tell but i expect we will see some major new market initiatives. it is clear that the new s/w package is highly regarded given new and expanded agreements of existing contracts. lam looking with interest to see the volume again this week as firms that will initiate coverage buy for their own accounts. anyone know who and how many brokerage firms were listening in on cc? norden