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   Technology StocksSungard Data Systems (NYSE:SDS)


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To: OldAIMGuy who wrote (101)2/27/2002 8:47:34 AM
From: JakeStraw
   of 131
 
Fidler also likes SunGard Data Systems (SDS), a maker of financial services software, one of the fund's rare tech holdings. Upgrades in investment support software for financial services firms should drive growth going forward, while the firm's disaster recovery business will get a lift from SunGard's acquisition of Comdisco's rival subsidiary... marketwatch.com

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To: JakeStraw who wrote (102)3/14/2002 8:10:51 AM
From: JakeStraw
   of 131
 
IBM and SunGard Strategic Alliance To Deliver Integrated Solutions That Speed Financial Transaction Settlements
Alliance Will Serve Customers In The Financial Services Industry, Including Capital Markets and Retail Brokerage
biz.yahoo.com
WHITE PLAINS, N.Y. AND NEW YORK--(BUSINESS WIRE)--March 14, 2002-- IBM (NYSE: IBM) and SunGard (NYSE: SDS) today announced a strategic alliance in the financial services industry that will assist customers in deploying straight-through processing (STP) solutions which support the industry-wide effort to speed the settlement of financial transactions.

The companies will initially target capital markets, with specific focus on investment management, broker/dealer and custodian and private banking segments.

As trade volumes increase and regulators mandate shorter time to settlement - particularly T+1 in the United States, the settlement of financial transactions in one day - customers must be prepared to process and settle transactions with greater speed and accuracy. SunGard's breadth of experience and global coverage in this space, combined with leading IBM hardware, middleware and consulting services, provides customers with an integrated solution that unifies the front, middle and back offices.

According to Tower Group, the financial services industry will invest $19 billion on STP solutions, including the new T+1 processing requirements. Ninety-nine percent of the total investment will be used for process, information technology (IT) infrastructure and application investment, as well as training, development and delivery.

The IBM, SunGard Alliance offers a number of point and integrated solutions that support the management, trade, processing and accounting of financial assets. Under the terms of the agreement, SunGard will port a number of its leading financial services applications to IBM eServer(a) pSeries(a), zSeries(a) and iSeries(a) hardware and will expand its use of DB2(a) database software and the WebSphere infrastructure software platform, including the MQ family of information integration products.

SunGard's Global Plus, a real-time, multi-currency, asset management and accounting platform; WorldLend, a multi-platform client-server solution for securities lending; and Omni IC, a real-time multi-platform system for domestic or global custody accounting will be incorporated as leading components in IBM's financial services solutions suite. The new solutions from these two financial services sector leaders combined into IBM's STP Workbench will provide tools, technology and shared services enabling integration of old and new enterprise-wide applications, and technology for highly available, secure financial transaction processing.

IBM also plans to use SunGard's BrokerWare, a messaging/middleware platform that allows a financial institution to offer both its customers and its brokers full online trading and portfolio management capabilities, as part of its Front Office and integrated Wealth Management offerings. IBM will also expand its Global Services financial services integration practice to include specialists focused on providing consulting, customization and services for IBM and SunGard financial services solutions.

``SunGard is a leader in providing integrated IT solutions, particularly in the area of helping customers achieve shorter settlement times on trades,'' says Elaine Sullivan, general manager of IBM global financial markets. This is critical, as impending regulations demand that trades be eventually settled within one day, as opposed to the three to five days. SunGard's solution, coupled with IBM's hardware, middleware and services, will allow our customers to meet T+1 requirements.``

Mack Gill, SunGard's director of alliance programs, added, ``We are excited about working so closely with IBM, especially because it signals a commitment to bring best-of-breed technology and support to our mutual clients. IBM has been a close integration and platform partner for some time, and we will use this new initiative to bring our clients even greater operational efficiencies by strengthening an already superior STP solution set.''

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To: JakeStraw who wrote (103)6/19/2002 8:16:25 AM
From: JakeStraw
   of 131
 
One of his favorite stocks is SunGard Data Systems (SDS), which provides information technology to financial services companies. Watson, who recently added to his fund's position, noted the stock is trading at 12 times 2003 cash-flow estimates, 20 times 2003 earnings estimates and 2.6 times revenue expectations. "That's not too bad for a tech company that has real revenue, real earnings and a real client list."
marketwatch.com

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To: JakeStraw who wrote (104)7/3/2002 12:06:31 PM
From: JakeStraw
   of 131
 
RESEARCH ALERT-Credit Suisse cuts Sungard price target
Reuters Company News
biz.yahoo.com
NEW YORK, July 3 (Reuters) - Credit Suisse First Boston on Wednesday cut its share-price target for Sungard Data Systems Inc. (NYSE:SDS), citing a weak outlook for the financial processing company's key investment services unit.

The firm cut its price target to $26 from $31. Sungard stock closed at $22.13 in Tuesday New York Stock Exchange trade. It has fallen 15 percent this week, as shares of rival software company Advent Software Inc. (NasdaqNM:ADVS) also slipped.

"While some industry indicators are picking up, there is not firm evidence of a turnaround," Credit Suisse said in a research note, "and we believe SunGard's main business, investment services, will continue to be weak."

The brokerage said there is strong interest in disaster recovery services, one of Sungard's businesses.

"However," Credit Suisse said, "the weak overall spending environment will make it challenging for the company to achieve double-digit growth in this segment."

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To: JakeStraw who wrote (105)7/3/2002 1:23:41 PM
From: OldAIMGuy
   of 131
 
Hi Jake, I added a bit more at about $23 recently. I plan on adding more some time soon.

Best regards, Tom

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To: OldAIMGuy who wrote (106)7/3/2002 1:26:01 PM
From: JakeStraw
   of 131
 
Hi Tom, Looks to me like we might go under $20...

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To: JakeStraw who wrote (107)7/3/2002 1:31:35 PM
From: OldAIMGuy
   of 131
 
Hi Jake, I have money available should it decide to go there......

TV

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To: OldAIMGuy who wrote (108)7/3/2002 1:54:48 PM
From: JakeStraw
   of 131
 
Tom, You're probably one of the only ones with any money left! :^)

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To: JakeStraw who wrote (109)9/5/2002 9:45:12 AM
From: JakeStraw
   of 131
 
Citibank and SunGard Join Forces to Provide Straight Through Processing Through SunGard's eTreasury eXchange
Thursday September 5, 9:03 am ET
biz.yahoo.com
CALABASAS, Calif.--(BUSINESS WIRE)--Sept. 5, 2002--SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS), today announced that Citibank e-Business, a unit of Citigroup (NYSE:C), is now an eTreasury eXchange (eTX) participant. Citibank is the first financial institution to provide a comprehensive range of cash and treasury management services through eTX to SunGard customers around the world.

As a result of this joint offering with SunGard's eTreasury eXchange, Citibank provides seamless access to their cash and treasury management services to large corporations' domestic and global treasury functions. The first mutual customer of Citibank and SunGard Treasury Systems to benefit from this offering is a premier logistic services company, which is already achieving straight-through-processing in their treasury operation by integrating bank account balance information into their cash positions. This enables the concentration of their cash positions and the execution of the necessary payment and treasury transactions.

Simon Williams, Chief Executive Officer of Citibank e-Business, adds that: "This offering will give our clients more flexibility in managing their cash management business anywhere in the world. Delivering the bank's services through the SunGard treasury solution supports our strategy of providing real-time connectivity and straight through processing to our clients -- optimizing operations and enhancing decision-making."

eTreasury eXchange is the service dedicated to corporate treasuries of the SunGard Transaction Network (STN) for cash management between the corporations using Quantum, ICMS/TS, ResourceIQ(2) and GTM treasury solutions and Citibank. The joint offering provides Citibank clients with direct access to their financial information, integrated in real-time into their treasury management software, enabling them to optimize their liquidity position.

"As Citibank is a trusted financial services provider to more than half of our clients, this relationship adds significant value by providing these clients with information and transaction services directly embedded into their own SunGard Treasury System applications," said Ken Dummitt, president, SunGard Treasury Systems.

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To: JakeStraw who wrote (110)10/1/2002 9:14:51 AM
From: JakeStraw
   of 131
 
SunGard And Sun Microsystems To Launch Joint SWIFTNet Initiative
Tuesday October 1, 9:08 am ET
biz.yahoo.com
GENEVA--(BUSINESS WIRE)--Oct. 1, 2002--At the Sibos 2002 conference in Geneva, SunGard Business Integration, an operating group of SunGard (NYSE: SDS), and Sun Microsystems today announced a joint initiative to offer a Global SWIFT Interface solution on the Sun platform.

SWIFT is the world's largest financial payments network, which this year is introducing SWIFTNet as its next generation IP-based messaging platform, comprising of a portfolio of products and future services.

The MINT Global SWIFT Interface (GSI) solution enables clients to connect to the FIN messaging service, SWIFT's secure, store and forward financial messaging service, over SWIFTNet and aims to replace in-house and legacy vendor solutions, for the world's top 300 financial institutions.

"In the drive towards hardened straight-through processing for the financial services industry, SunGard's clients must have the most secure and resilient platform on which to run," said Danny Barsella, president and chief executive officer, SunGard Business Integration. "We believe the right approach for institutions is to consolidate as much of their network operations through a single window, operating on the best possible infrastructure. SunGard Business Integration and Sun Microsystems together can offer our clients the best of both."

"The superior products and services offered by SunGard help financial services institutions to achieve higher straight-through processing rates, and Sun gladly continues the tradition of our close collaboration to help deliver a finely-tuned, highly optimized solution to financial customers," said David Littlewood, global director, financial services industry solutions, Sun Microsystems. "With the MINT GSI Solution residing on Sun infrastructure, clients are able to achieve operational cost efficiencies, with proven reliability, availability and unsurpassed scalability."

SWIFTNet creates a new "mega network" effectively consolidating the existing FIN network together with many other financial networks. This means significant architectural change and creates an opportunity to reduce connection and traffic costs. However, in order to harness this external consolidation opportunity for increasing operational efficiency, organizations need to re-examine their internal network operations for both payments and securities.

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