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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Tony B who wrote (5061)	1/19/1999 8:45:00 AM
From: MMK	Respond to of 56535

(S) PSFT - News PSFT is showing their new service at the National Retail Federation's (NRF) 88th Annual Convention and Expo, being held Jan. 17-20, 1999, at the Jacob Javits Center in New York. The stock has been trading with hight volume over the last couple weeks. Fri. price 23 9/16, up 1 3/4 or 8%. Has had some spikes recently due, I think to rumors of buy outs and buy ups. May want to put this one on you radar list. (IMHO) MMK Kronos Alliance With PeopleSoft Gives Retailers Best-of-Breed Advantage for Frontline Labor Management; Kronos Achieves Certification Business Wire - January 18, 1999 11:17 NEW YORK--(BUSINESS WIRE)--Jan. 18, 1999--Kronos(R) Incorporated (Nasdaq:KRON), the industry leader in frontline labor management solutions, today announced certification of the interface between Kronos' Timekeeper(R) system and PeopleSoft Time and Labor. In addition Kronos reported significant progress in the retail market between Kronos and PeopleSoft, Inc. (Nasdaq:PSFT) as a result of the relationship originally formed between the companies in May 1998. The announcement was made in conjunction with the National Retail Federation's (NRF) 88th Annual Convention and Expo, being held Jan. 17-20, 1999, at the Jacob Javits Center in New York. Kronos is exhibiting in Booth #919; PeopleSoft is exhibiting in Booth #100/101. During the NRF convention, a Kronos representative will present details of the recently certified interface between Kronos' Timekeeper system and PeopleSoft Time and Labor, as well as information regarding the anticipated certification to PeopleSoft Payroll. The presentations will take place once a day in PeopleSoft's booth. "Kronos' participation as a PeopleSoft Global Alliance Partner presents a variety of potential benefits to joint customers across all retail industry segments," said Ed Evans, vice president of Kronos' Retail Systems Division. "Considering the synergies between Kronos and PeopleSoft in the retail industry, we expect that the results of our working relationship will enhance our substantial list of joint retail customers and, more importantly, enable them to pull data from frontline employees and improve efficiency of labor throughout their enterprise." Kronos and PeopleSoft currently share 30 retail customers, with systems serving more than two million retail associates. "Working relationships - such as the one between Kronos and PeopleSoft - give us the opportunity to pick and choose the best possible functionality to meet our needs," said Mike Goodyear, IT supervisor of Spartan Stores. "We see a significant advantage in having the ability to integrate our best-of-breed application from Kronos with our PeopleSoft enterprise system." Some of the recent milestones that have resulted from the working relationship between Kronos and PeopleSoft: --Kronos' receipt of certification from PeopleSoft for its Timekeeper time and attendance system interface to PeopleSoft Time and Labor; and --Kronos' anticipated receipt of certification from PeopleSoft for its Timekeeper system interface to PeopleSoft Payroll. PeopleSoft expects to award the certification to Kronos in February. For both Kronos and PeopleSoft, the goal is to provide solutions that meet customer needs. "Partners are a key part of PeopleSoft's retail strategy, allowing us to deliver the integrated, best-of-breed functionality our customers need," said Curt Brasfield, general manager of the PeopleSoft Consumer Products Sector. "Kronos for many years has been a leader in providing time and attendance systems to retailers. Linking this functionality to our world class Human Resource Management System provides customers with the finest combination of software products available today." About Kronos Incorporated Kronos is the world's #1 provider of solutions for frontline labor management. Founded in 1977, Kronos has been universally recognized as the pioneer of labor management systems with nearly 65 percent market share and over 1,500 employees worldwide. The Waltham, Mass.-based company offers the industry's broadest suite of software and data collection systems for tracking and managing employee time and activity, scheduling, plant operations management and decision support. Visit Kronos at www.kronos.com. Kronos and Timekeeper are registered trademarks of Kronos Incorporated. All other products or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. CONTACT: Kronos Incorporated Michele Glorie, 781/768-2855 mglorie@kronos.com or Beaupre & Co. Public Relations Darby Johnson, 603/559-5809 djohnson@beaupre.com