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Technology Stocks : Merant - MRNT (formerly MIFGY) -- Ignore unavailable to you. Want to Upgrade?

To: Ian Burton who wrote (198)	8/25/1998 3:36:00 AM
From: Ian Burton	Read Replies (1) \| Respond to of 461

Micro Focus/Intersolv -- 2 (sees opportunities in Yr 2000, EMU products) Date: 25 Aug 1998 08:19:14 Service: AFX In the second half of 1998, Micro Focus expects to launch products which will perform testing of code that has already been remediated. The company said: "Because Micro Focus has a powerful brand name in the COBOL tools area, the board believes it is positioned to take advantage of an increase in the Year 2000 testing market which is expected to occur as users near the end of their Year 2000 remediation process." Micro Focus has launched products this year aimed at aiding the EMU conversion solution. Because the bulk of banking and financial services software is written in COBOL, Micro Focus' area of expertise, the company believes that the move to a unified currency in Europe will provide an opportunity to seek leadership in this market. On Aug 18, Intersolv announced its results for its first quarter ended July 31 1998. Intersolv reported a threefold increase in earnings after tax, from 605,000 usd in the first quarter to July 31 1997 to 2.120 mln usd in the first quarter to July 31 1998. Micro Focus said it is confident about the prospects of the merged group and the benefits to be obtained from the merger, and looks forward to continued growth in the merged group's business. ln/