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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?


To: Raptor who wrote (1900)8/26/1998 9:33:00 AM
From: Neil H  Read Replies (1) | Respond to of 4509
 
Wednesday August 26, 9:02 am Eastern Time

Company Press Release

City of Fresno, Missouri State Employees Retirement
System, and Tuolumne County License PeopleSoft Public
Sector Enterprise Applications

PeopleSoft Adds 18 New Public Sector Customers in the Second Quarter

PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 26, 1998-- Major cities, counties and states across the United States are
selecting PeopleSoft enterprise application software.

PeopleSoft, Inc. today announced that 18 state and local government organizations licensed its Financial Management and
Human Resource Management solutions for Education and Government in the second quarter.

New agreements include the City of Fresno, California; the Missouri State Employees Retirement System; Tuolumne County,
California; City of Charlotte, North Carolina; City of Cleveland, Ohio; City of Round Rock, Texas; City of San Francisco,
California; Clerk Circuit Court Charlotte County, Florida; County of Catawba, North Carolina; Delaware Transit
Corporation; Los Angeles County Museum of Art, California; and the State of Georgia Employees Retirement System.
PeopleSoft is currently serving over 200 state and local governments.

PeopleSoft to Help City of Fresno, California Attract High-Tech Businesses

Spearheaded by Mayor Jim Patterson's desire to implement a system that enables quick decision-making for individual city
projects, the City of Fresno, California selected PeopleSoft financial applications to empower its employees. The city
licensed General Ledger, Accounts Payable, Asset Management, Budgets and Projects, as well as PeopleSoft human
resources management solutions.

California's fifth largest city, which employs almost 4,000, selected PeopleSoft as part of its aggressive plan to make Fresno
a high-technology center.

''PeopleSoft completes a major piece of the puzzle in transitioning Fresno into a high-tech city,'' said Hap Cluff, CIO and
director of the city's Information Services Department. ''Offering reliable city services to businesses and citizens through
PeopleSoft applications represents a major step in achieving our mission.'' Cluff added that the company's significant market
penetration and use by neighboring localities was also a deciding factor in selecting PeopleSoft.

PeopleSoft Automates Missouri State Employees Retirement System

Missouri State Employees Retirement System licensed PeopleSoft applications to give more employees access to data and
decision-making tools. With the licensing of PeopleSoft Human Resources and Payroll solutions as well as General Ledger,
Accounts Payable and Budgeting solutions, the Missouri State Employment System will automate system processes that are
currently being done manually.

''With PeopleSoft, we are providing user-friendly applications with high functionality on the desktops of every one of our
employees,'' said Michele Nix, Account Analyst III, Missouri State Employee Retirement System. ''This will allow each
employee to have access to their own HR and financial records whenever they have a question, freeing our office from
frequent individual questions.''

PeopleSoft to Link Tuolumne County, California, and Tuolumne General Hospital

Tuolumne County in California licensed PeopleSoft financials and human resource applications to head off a Year 2000
issue and to join together two disparate systems. The county needed a reliable system that could be rapidly implemented by
January 1, 1999, when the county-owned hospital's separate mainframe will cease to operate. Additionally, the county and
the hospital, Tuolumne General Hospital, both needed to be on the same system to ensure better funding decisions and better
reporting to the state. Currently, the county isn't able to access the hospital's financial records and the hospital cannot supply
detailed information for the county budget.

''It was very important for us to find a vendor whose software could help us meet California's strict reporting requirements
and thus, avoid potentially heavy fines,'' said Gregg Jacob, Information Systems and Services Manager for Tuolumne County.
''We researched what other California governments were using, and PeopleSoft's experience in California and familiarity
with the states reporting standards gave us assurance that we could rapidly implement their applications with little
modification.''

With a rapid implementation underway, the County and Tuolumne General Hospital are expected to be running PeopleSoft's
General Ledger, Accounts Payable and Purchasing applications by January 1, 1999.

Public Sector Business Unit

PeopleSoft established a business unit devoted to the public sector market in 1994. Under the direction of Paul Salsgiver,
general manager and vice president, education and government, the Public Sector Business Unit is comprised of a dedicated
sales, marketing, development and service organization offering enterprise solutions to states, cities, counties,
municipalities, and major school districts. PeopleSoft Financial Management for Education and Government was developed
to meet the unique financial requirements of public sector organizations. PeopleSoft Human Resources Management for
Education and Government was developed to manage the complex compensations and payroll requirements associated with
state and local government organizations.

regards

Neil