To: Tech Master who wrote (15695 ) 10/22/1998 1:51:00 PM From: Tech Master Respond to of 17305
The wave of news prior to earnings is beginning: Thursday October 22, 1:16 pm Eastern Time Company Press Release Idaho Power Company Awards Alydaar Year 2000 Contract Second Utility Company to Choose Alydaar CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 22, 1998-- Alydaar Software Corporation (NASDAQ:ALYD - news) today announced that Idaho Power Company (IDA) has awarded it a contract to provide Year 2000 remediation services. Idaho Power is an investor-owned utility based in Boise, Idaho and serves 369,000 customers in a three-state service territory that includes central and southeastern Idaho, eastern Oregon and northern Nevada. Next to Northern States Power (NSP), Idaho Power is the second utility company to use Alydaar for Year 2000 remediation services. ''Considerable effort and resources are being dedicated to meeting the objective of a problem free transition to the new millennium,'' said Stan Turner, Year 2000 Project Manager for Idaho Power. ''Idaho Power is committed to solving the Year 2000 computer problem so that our business will run without interruption after December 31, 1999. We are convinced Alydaar's factory based solution will help us achieve our goals.'' ''We understand the problems facing the utility industry as it relates to the Year 2000 problem,'' said Robert Gruder, Alydaar's Chairman and CEO. ''The electric grid that connects utilities across North America makes one company's Year 2000 problem, in essence, everybody's Year 2000 problem. I am encouraged by responsible utilities like Idaho Power who understand that the best protection for their customers and shareholders is applications that work well beyond the Year 2000.'' Currently, Idaho Power is conducting detailed risk investigation and problem solving activities in order to formally address and minimize the risk associated with Year 2000 problems originating both inside the company's system (hardware, software and embedded systems) and outside the Company's system (suppliers, interfacing systems and other industry organizations regarding the interconnected electric grid). More about Idaho Power's Year 2000 program can be found at idahopower.com . Alydaar Software Corporation is a software re-engineering company, specializing in computer language translation and systems migration services. Its central focus for the past two years has been resolving the Year 2000 problem. Using SmartCode, its core re-engineering technology, Alydaar remediates or audits most computer languages on most hardware platforms. Alydaar's clients include: Advanced Micro Devices (AMD) Northern States Power (NSP) 3M (MMM), Nabisco (NA), DuPont (DD), Whirlpool (WHR) RJ Reynolds (RJR), and McDonnell-Douglas (MD), among others. Alydaar also provides remediation services under a strategic alliance agreement with Compuware (CPWR). More information about Alydaar Software Corporation and its services can be found on the World Wide Web at alydaar.com . --------------------------------------------------------------------------------