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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (13671)	1/28/1999 8:58:00 AM
From: MACA	Respond to of 13949

Year 2000 Wire/ITT Cannon Selects Alydaar for Year 2000 Project CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 28, 1999--ITT Cannon has awarded Alydaar Software Corporation (Nasdaq:ALYD - news) a Year 2000 contract. The contract calls for Alydaar to remediate ITT Cannon's legacy system code at its Charlotte, North Carolina, Year 2000 factory. Terms of the contract are undisclosed. ITT Cannon is part of ITT Industries (NYSE:IIN - news), a leading worldwide diversified manufacturing company with 1997 sales of $8.8 billion. ''While it is clear that many across corporate America still refuse to fully grasp the enormity of the Year 2000 problem,'' said Alydaar Chairman and CEO Robert Gruder, ''I am encouraged by responsible corporations like ITT Cannon which understand that the best protection for their customers and shareholders are applications that work well beyond the Year 2000.'' ''In looking for a Year 2000 vendor, ITT Cannon needed a company with the technical ability to work in various programming languages,'' said Hack Hughes, ITT Cannon's International Director of Information Technologies. ''Besides Alydaar's cross-language and cross-platform capabilities, Alydaar's automated factory process reduces errors, and gets code back into production faster.'' 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: 3M (MMM), Advanced Micro Devices (AMD), DuPont (DD), Kelly Services (KELYA), McDonnell-Douglas (MD), Nabisco (NA), Northern States Power (NSP), RJ Reynolds (RJR), TOTAL (TOT), OMG Worldwide, and Whirlpool (WHR), among others. More information about Alydaar Software Corporation and its services can be found on the World Wide Web at alydaar.com.