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Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: Edwarda who wrote (372)	4/16/1999 2:43:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 1138

Legato Systems Announces Support for Microsoft Windows 2000 Server's Beta 3 Version Announcement Also Initiates Legato's NetWorker Beta Program PALO ALTO, Calif.--(BUSINESS WIRE)--April 16, 1999--Legato Systems, Inc. (Nasdaq:LGTO - news), the leader in the enterprise storage management software market, today announced that its industry-leading storage management product, Legato NetWorker, will support the Beta 3 version of the Microsoft Windows 2000 operating system. Specifically designed to work with Microsoft Windows 2000 Server Beta 3, this new version of Legato NetWorker provides customers with comprehensive data protection for their Windows 2000 environments, including low cost of ownership, easy administration, scalability and stability. This version of Legato NetWorker begins the NetWorker for Windows 2000 Beta program, which will to run through the rest of 1999, concurrent with Microsoft's Beta program. The final product is planned for release in early 2000. Legato will provide participants in the program with Legato NetWorker software designed around Windows 2000. For more information on Legato's Beta program, contact local Legato sales offices. ''Customers are asking for applications, such as Legato NetWorker, that take advantage of the new technologies in our operating system,'' said Ed Muth, group product manager of Windows 2000 and Infrastructure products at Microsoft Corp. ''The combination of Legato NetWorker and Windows 2000 Server will provide enterprise customers, who are evaluating Beta 3, with high performance storage management and data protection.'' Legato continues to be actively involved in development and beta testing programs for Windows 2000. ''By providing immediate support for Windows 2000 Beta 3, Legato reinforces our commitment to customers and partners who see the value proposition in Microsoft's next generation operating system. NetWorker for Windows 2000 continues Legato's tradition of providing best-of-class storage management solutions for the Windows enterprise,'' said Eric Harrison, Legato product manager, NetWorker for Windows 2000. Legato is uniquely positioned as the only provider of a fully integrated storage management solution based upon a consistent, scalable, and manageable architecture. The company's software is designed to ensure distributed data and applications remain available to users by minimizing operational downtime -- both planned and unplanned. The company's software has become the recognized de facto storage management standard with the largest installed based of more than 40,000 customers, protecting more than 4,000,000 systems. About Legato Systems Legato Systems, Inc. develops, markets, and supports an integrated set of enterprise storage management software products for heterogeneous client/server computing environments. Large customers around the world select the Company's solution because of its reliability, platform independence, and unique ability to seamlessly integrate with existing and future computing environments. Legato's storage management software has become the recognized de facto standard with the largest installed base, representing over 40,000 customers, protecting more than 4,000,000 systems. Twenty-four of the world's largest system and applications vendors have chosen Legato as a strategic partner for protecting their customers' data, including Banyan, Compaq, Data General, Fujitsu/Amdahl, Fujitsu/ICL, Groupe Bull, Hewlett-Packard, Hitachi, Informix, NEC, Netscape, Network Appliance, Nihon-Unisys, Oracle, Siemens AG, Silicon Graphics, Sony, StorageTek, and Sun Microsystems. The company's NetWorker, BusinesSuite, SmartMedia, and GEMS products are also licensed, resold, or endorsed by other major vendors, including BMC Software Box Hill, Microsoft Corporation, MTI Technology, and Novell. Legato NetWorker is also Computer Associates-ready and Tivoli-ready. Legato's home page address on the World Wide Web is legato.com. Legato NetWorker and Legato SmartMedia are registered trademarks, and NetWorker Archive, NetWorker HSM, ClientPak, SmartClient, StorSuite, BusinesSuite, Power Edition, Legato GEMS, and OpenTape are trademarks of Legato Systems, Inc. in the U.S. and/or other countries. All other product, trademark, company, or service names mentioned herein are the property of their respective owners. ------------------------------------------------------------------------ Contact: Legato Systems Trish Terry 925/556-4100 ext. 1302 tterry@legato.com

To: Edwarda who wrote (372)	4/20/1999 2:26:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1138

2HRS2GO: Storage management plays in Legato By Sergio G. Non April 20, 1999 1:53pm ZDII Perhaps Legato Systems Inc. (Nasdaq: LGTO) is reversing the Wall Street cliche: people buying on the news today after selling for months on the speculation. Legato makes software that corporations use for backing up data, recovering from data disasters and performing other "enterprise storage management" tasks. And after watching its stock price drop by more than half since the start of the year, the company is seeing its shares up 3 1/4 to 33 1/4 in mid-afternoon trading, following Legato's announcement that it has completed the acquisition of FullTime Software. To anyone with a personality, storage management technology is about as interesting as cement. But when you're talking money, who needs flair? Revived investor interest is overdue for Legato, one of the leaders in an expanding market. Even with today's rise, the stock price remains at roughly 30 times estimated 1999 earnings -- relatively cheap for any rapidly growing technology company nowadays, and certainly a comparative bargain in the storage management field, where stocks such as Veritas Software Co. (Nasdaq: VRTS) trade at P-E ratios of 60. "The irony here is that analysts have the same set of (earnings) estimates on both companies, and there's a gap of 30 points between the two," says Joe Payne, analyst with Hoak, Breedlove & Wesneski. "The market doesn't let those things continue for very long." That 30-point gap was created this year on fears that Legato would lose ground to Veritas because of the latter's pending acquisition of Seagate Software. Those fears aren't justified. "I look at the fact that such a large number of leaders in this market have put up such consistent results for such a long period of time," says David Breiner, analyst with Volpe Brown Whelan. "Combined with other survey market data, that suggests the market's not saturated, that's there's lots of room for multiple players in the foreseeable future." Even with the Windows NT business that Seagate will bring, Veritas won't be overlapping that much with Legato, Payne says. Veritas' strength still lies in storage for workgroups centered around high-end Unix servers. Legato focuses on distributed networks, which are spread out over many more units. All told, less than one-third of Veritas' business overlaps with Legato, and where they do cross, Legato has thrice the business of Veritas, Payne says. "This is not as mano-a-mano as people think," he says. "You have two companies, with very high growth rates, essentially dominating their field." And with Legato adding the well-regarded technologies of FullTime and another acquisition, Intelliguard Software, the company can look for larger contracts with better margins. Adding to the optimism, Legato says the Fulltime and Intelliguard will add to earnings in the current quarter; investors had been worried that the deals wouldn't be accretive until the second half of the year. Investors can get a firmer handle on Legato tomorrow, when the company reports first quarter earnings. Barring some kind of disappointment, Legato's earnings per share should jump more than 50 percent this year. It's the kind of growth most software companies can only fantasize about.