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   Technology StocksSungard Data Systems (NYSE:SDS)


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To: JakeStraw who wrote (95)12/17/2001 11:39:34 AM
From: JakeStraw
   of 131
 
Waste Management, Inc. Selects SunGard's Panorama for Its New Pulp and Paper Trading Group
Panorama to Provide Market and Credit Risk Management for New Business
biz.yahoo.com
NEW YORK, Dec. 17 /PRNewswire/ -- SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Waste Management, Inc. (NYSE: WMI) has selected Panorama to support the trading activity of its new pulp and paper trading group, and to track and manage the market and credit risks related to its long-term physical delivery contracts.

Waste Management is its industry's leading provider of comprehensive waste management services. Based in Houston, the company serves municipal, commercial, industrial and residential customers throughout North America.

Waste Management selected Panorama to help it achieve its goal of reducing overall long-term commodity price exposure. The company's pulp and paper trading group serves as a competitive tool for customer retention and growth since it can potentially provide value to key commercial, municipal and mill customers.

Joe Reposa, director of systems development for Waste Management's recycle America subsidiary, said, ``We see paper trading as a natural extension of our physical recycling efforts and as a differentiator for our company. We chose Panorama because it offers us greater confidence in the trade support and risk management of our new trading group.''

Waste Management will be the first Panorama client in the pulp and paper trading market. Scott Olle, president of SunGard Trading and Risk Systems' Energy operating unit, said, ``Panorama was able to meet Waste Management's need for an end-to-end solution that seamlessly integrates with its work environment to streamline its trading operation. Panorama's flexible architecture makes it entirely commodity neutral, able to robustly support any traded market with state-of-the-art risk reporting and management. While it easily accepts and supports new commodities, Panorama also recognizes the unique characteristics inherent in varying commodities, particularly as they approach physical movement. Attention to those differences is where Panorama thrives. We are committed to continuing to bring Panorama, already a proven trading and risk management solution in various markets, to new markets such as pulp and paper trading.''

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To: JakeStraw who wrote (96)2/8/2002 12:58:31 PM
From: JakeStraw
   of 131
 
RESEARCH ALERT-Prudential ups Sungard to ``buy'' rating
biz.yahoo.com
NEW YORK, Feb 8 (Reuters) - Prudential Securities on Friday raised its rating on disaster recovery company Sungard Data Systems Inc. (NYSE:SDS) to a ``buy'' rating from a ``hold'' rating, saying that the company has bottomed and should recover in 2002.

Prudential also increased its price target on the stock to $40 from $27, saying that the company's purchase of Comdisco's business continuity assets and a recovery in the investment support group should improve growth in 2002 and 2003.

Sungard bought the business continuity assets of competitor Comdisco Inc. (NYSE:CDO), which is in bankruptcy proceedings, in November amid competition from Hewlett-Packard Co. (NYSE:HWP), which also wanted the unit.

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To: JakeStraw who wrote (97)2/15/2002 8:33:22 AM
From: JakeStraw
   of 131
 
7:40AM SunGard Data upped at Robbie (SDS): Robertson Stephens upgrades to STRONG BUY from Buy and ups target to $41 from $37; cites greater earnings consistency and faster internal rev growth; firm believes that ongoing mkt share gains in ISS business, combined with greater synergies associated with the Comdisco integration, should fuel margin expansion and higher ROIC. finance.yahoo.com

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To: JakeStraw who wrote (98)2/15/2002 8:39:29 AM
From: JakeStraw
   of 131
 
SunGard Announces Record Revenue and Earnings in 2001
Integration of Comdisco Availability Solutions Proceeding Well
biz.yahoo.com
WAYNE, Pa.--(BUSINESS WIRE)--Feb. 14, 2002--SunGard (NYSE:SDS), a global leader in integrated IT solutions for financial services and leading provider of information availability services, reported today that net income for the quarter ended December 31, 2001, excluding merger costs and other one-time items, was $75.6 million, a 15% increase over net income of $65.6 million for the same period in 2000.

The related diluted net income per share was $0.26, up 8% over the $0.24 for same period in 2000, adjusted for the June 2001 two-for-one stock split.

For the three months ended December 31, 2001, revenue was $562.4 million, an increase of 22% over revenue of $461.7 million for the same period in 2000. For the full-year 2001, revenue was $1.93 billion, an increase of 16% over revenue of $1.66 billion for full-year 2000.

Fourth quarter and full-year 2001 revenue includes $60 million from the newly acquired Availability Solutions business of Comdisco, Inc. Approximately $5 million of that revenue are non-recurring fees for servicing clients affected by September 11, generating approximately $0.01 of net income per share.

Net income for the twelve months ended December 31, 2001, excluding merger costs and other one-time items, was $258.8 million, up 17% over net income of $221.5 million for the same period in 2000.

The related diluted net income per share was $0.91 for the year, up 11% over 2000 full-year results of $0.82. Cash earnings per share, which excludes after-tax amortization of acquisition-related intangibles, were $1.07 for the year, compared to $0.96 for the same period in 2000.

Net income including merger costs and other one-time items for the three months ended December 31, 2001 was $65.6 million, up 5% over net income for the same period in 2000. The related diluted net income per share was $0.23, unchanged from fourth quarter 2000 results.

Net income including merger costs and other one-time items and related diluted earnings per share for the twelve months ended December 31, 2001 were $246.1 million and $0.86, respectively. Further details concerning merger costs and other one-time items are described in the supplemental information and related notes attached to this release.

``SunGard grew solidly in 2001, despite a depressed economy and the events of September 11, and I am pleased that we reported earnings at the high end of our recent guidance for the full year,'' commented James L. Mann, chairman and chief executive officer. ``SunGard holds a unique position in integrated solutions and availability services, both of which have become top priorities for the financial services industry. Our focus on operational excellence and recurring revenue has enabled SunGard to achieve continued growth and positions us well for the future.''

The Company's outlook for 2002 diluted net income per share is in the range of $1.05 to $1.09, representing growth of between 15% and 20%. This is before an estimated positive impact of $0.05 per share arising from the adoption of Financial Accounting Standard (FAS) 142, ``Goodwill and Other Intangible Assets,'' effective January 1, 2002.

Financial results for 2001 include $21.5 million, or $0.06 per share, of goodwill amortization expense.

``The integration of Comdisco's Availability Solutions business into SunGard is proceeding well and according to plan. Our combined resources offer clients the broadest range of information availability services to protect and manage their business processes. We have reduced headcount by 15% and plan to reduce total data center space by 10%, with no reduction in equipment. This business is being managed with SunGard's usual precision, and we expect this transaction to be accretive to earnings in 2002,'' said Cristobal Conde, president and chief operating officer.

Investment Support Systems (ISS) revenue grew 13% over 2000 to reach $1.37 billion for 2001. Quarter-over-quarter revenue grew by 8%, to $371.5 million. SunGard systems are mission-critical for customers, regardless of whether the economy is growing or contracting. SunGard's strategic focus on integration has further enhanced its position.

As financial services institutions continue to seek cost efficiencies in a fiercely competitive industry, SunGard's integrated solutions address the challenge of straight-through processing. By delivering powerful multi-product systems that are already integrated, SunGard offers customers the opportunity to realize substantial savings in time and resources.

SunGard signed several multi-year deals in the fourth quarter, exemplifying our integration and cross-selling efforts. These deals include the following:

In a multi-year agreement, the wealth management division of Wells Fargo, Lowry Hill, selected Global Plus to meet its clients' asset management needs. Global Plus will be used by Lowry Hill in an ASP environment together with AddVantage for online delivery to its high net worth clients. Additionally, Philadelphia-based Glenmede Trust extended its 15-year relationship with SunGard, using Global Plus for trust accounting in an ASP environment.
Procter & Gamble signed with SunGard Investor Accounting Systems, switching to the ASP model for SunGard's Comprehensive Securities System II.
Additionally, the SunGard Transaction Network (STN), linking the SunGard community of customers on the buy-side and sell-side of the industry, enrolled its 500th member organization in the STN equities routing service.

Business Continuity and Internet Services (BCIS) performed well in a year of exceptional challenges and opportunities. Including the November 15, 2001 purchase of Comdisco's Availability Solutions business for $850 million, revenue increased 27% to $521.3 million. Quarter-over-quarter revenue increased 66% to $182.4 million.

Excluding revenue related to the Availability Solutions acquisition, BCIS grew 12% and 11% for the year and fourth quarter, respectively. The Comdisco assets complement SunGard's well. With this transaction, SunGard has had an infusion of outstanding people, significant additions to its infrastructure, and a greater presence in major financial hubs.

Upon completion of the integration, SunGard will support more than thirty operating platforms, sixty facilities with 2.5 million square feet of space and 14,000 end user recovery positions.

As the pioneer of the availability services business, SunGard has long been an industry leader, evidenced by an unprecedented record of success with over ninety thousand simulated recoveries and more than one thousand recoveries to date.

SunGard is now stronger than ever with the scale to be extremely cost-efficient and the capacity to offer support in the face of the largest catastrophes. As the industry's largest hardware-independent vendor, SunGard provides its customers a compelling alternative to the hardware giants with which SunGard competes.

As of December 31, 2001, cash balances were $396.3 million. SunGard completed seven acquisitions during 2001, for a total investment of $880 million in cash and 8.3 million SunGard shares.

In connection with its acquisition of Comdisco's Availability Solutions business, the Company borrowed $450 million, including $100 million in short-term borrowings and $350 million in long-term debt payable in three years or earlier at the Company's option. SunGard expects to repay the $100 million in short-term borrowings by March 31, 2002.

In connection with the Company's borrowings, SunGard was assigned a Baa2 senior unsecured debt rating by Moody's Investors Service and a triple-'B'-plus corporate credit rating by Standard & Poor's.

SunGard will hold its regular quarterly earnings conference call on February 15, 2002, beginning at 9:00 a.m. EST. It can be accessed at www.vcall.com. An audio replay of the call will be available beginning at noon that day through midnight on February 22, 2002. To listen to the replay, dial 719/457-0820, passcode #643917.

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To: JakeStraw who wrote (99)2/19/2002 8:30:55 AM
From: JakeStraw
   of 131
 
National City Bank Selects SunGard
Corporate Clients to Link with Shareholder Records via the Internet
biz.yahoo.com
SAN MATEO, Calif.--(BUSINESS WIRE)--Feb. 18, 2002--SunGard Investor Accounting Systems, an operating group of SunGard (NYSE:SDS), today announced that National City Bank has licensed SunGard IssuerLink to provide corporate clients with Internet access to shareholder records.

IssuerLink is the second application selected by National City from SunGard's InterLink suite of Internet-based applications for the securityholder recordkeeping industry. National City purchased the core application, InvestorLink, in 1999 and has been a user of SunGard Investor Accounting Systems' software products since 1986.

``Corporate clients have told us that they want easy access to the latest information on their all-important shareholder accounts,'' explains Debra Hacka, vice president of Corporate Trust at National City. ``With IssuerLink, we can now provide that access through a very secure and robust Internet-based service.''

``We believe that offering IssuerLink will further enhance our position of leadership in shareholder servicing,'' Ms. Hacka adds. Currently, National City Shareholder Services ranks number one nationally in overall customer satisfaction for commercial agents servicing under one million shareholders, according to an independent survey performed in 2001 by Group Five, Inc.

``SunGard is delighted that National City has added IssuerLink to its suite of capabilities,'' said Robert Quinn, vice president of desktop solutions for SunGard Investor Accounting Systems. ``We recognize that National City has the highest standards of quality and client service, and their continued use of SunGard applications is a powerful endorsement of our Internet-oriented strategy.''

The SunGard InterLink family currently includes two Internet-based applications: InvestorLink and IssuerLink. InvestorLink, introduced in 1997, enables individual shareholders to gain immediate access to their shareholder records via a secure Internet connection. Available services include account status inquiry, account maintenance capabilities, and document delivery, as well as immediate replacement of account statements, 1099's and other forms. IssuerLink, introduced in 2001, provides corporate issuers with Internet access to company shareholder records maintained by a transfer agent. IssuerLink functionality includes real-time proxy vote tabulations, issue share balance totals and comprehensive customer service support capabilities. In addition, IssuerLink offers the issuing corporation flexible reporting, complete with instantaneous graphic representation of shareholder data.

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To: JakeStraw who wrote (100)2/19/2002 2:15:20 PM
From: OldAIMGuy
   of 131
 
Hi JS, Seems like everything's coming up roses these days with SDS.

Thanks for keeping the thread alive in these "quiet times" here on the BBs.

Best regards, Tom

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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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