To: MONACO who wrote (68720 ) 11/18/1998 6:50:00 PM From: greg s Respond to of 186894
Monaco, re: Pandesic Here's the orig. press release from Aug. 1997. I believe with Intel's and SAP's stature in the industry, the cooperative venture will definitely add to the bottom line.SAP And Intel Form New Company To Develop Internet-Based Electronic Business Solutions SAN FRANCISCO, Calif., Aug. 5, 1997 -- SAP America Inc. and Intel Corporation today announced their intent to form a jointly owned company, Pandesicâ„¢ LLC, funded by both Intel and SAP and targeted at developing a full-featured, low-cost, Internet-based electronic commerce solution. Pandesic will initially focus on delivering a solution for companies entering the rapidly expanding consumer-to-business and business-to-business electronic commerce marketplaces by combining SAP's expertise in business process software and Intel's specialized skill in worldwide logistics management. Pandesic will offer a fully integrated product that addresses the logistical, financial, shipping and general ledger aspects of conducting commerce over the Internet. This product offering is the industry's first comprehensive software, hardware and service solution specifically targeted to meet the needs of Web retailers. "Merchant customers are looking for an electronic business solution that is fast and easy to purchase and install, yet contains all of the required functionality and features necessary to run a Web-based business," said Paul Wahl, CEO of SAP America. "With Pandesic, SAP and Intel are delivering the first electronic commerce solution that provides seamless, end-to-end integration between all business processes required to manage electronic business transactions." "The electronic commerce market segment represents a significant growth opportunity and we believe that Intel architecture-based servers and PCs are the best platforms to do business via the Internet," said Craig R. Barrett, president and COO, Intel Corporation. "Intel and SAP excel at business process expertise, global presence and logistical know-how. The combination of these capabilities gives the Pandesic Company the potential to make a significant impact on electronic commerce." The company's new senior management team will be led by Harold E. Hughes Jr., Intel vice president, director of Planning and Logistics and former CFO, who will become chairman of Pandesic LLC; and Bryan Plug, executive vice president of SAP America, who will hold the positions of president and CEO. Pandesic will initially be staffed by employees of SAP and Intel. The new company will take the form of a limited-liability corporation (LLC) jointly funded and owned by Intel and SAP, with headquarters in Sunnyvale, Calif.. The formal creation of the company is subject to appropriate legal and regulatory review. Pandesic will initially conduct business only in the United States, but is expected to expand into international markets in less than a year. SAP is a market and technology leader in client/server enterprise application software, providing comprehensive solutions for companies of all sizes and all industry sectors. Cultivating innovative technologies on a solid foundation of business experience, SAP delivers scalable solutions that enable its customers to continually improve upon best business practices. SAP products empower people to respond quickly and decisively to dynamic market conditions, helping businesses achieve and maintain a competitive advantage. Founded in 1972, SAP is based in Walldorf, Germany, and employs more than 10,500 people at offices in more than 40 countries who are dedicated to providing a high level of support and service for the more than 9,800 installations of R/3 worldwide. SUBJECT Intel, the world's largest chip maker, is also a leading manufacturer of personal computer, networking and communications products. Additional information is available at www.intel.com/pressroom.