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   Technology StocksSungard Data Systems (NYSE:SDS)


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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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To: JakeStraw who wrote (111)10/28/2002 9:46:42 AM
From: JakeStraw
   of 131
 
SunGard's eTX-TM- and State Street's FX Connect-R- Announce Partnership
Monday October 28, 9:31 am ET
FX Connect(R) to be fully integrated into SunGard's corporate treasury workstation products
biz.yahoo.com

LONDON & BOSTON--(BUSINESS WIRE)--Oct. 28, 2002-- State Street Corporation (NYSE: STT), the world's leading specialist in meeting the needs of sophisticated global investors, announced today that it will partner with SunGard (NYSE: SDS) to offer FX Connect, State Street's multi-bank foreign exchange trading system, as a fully integrated component of all of SunGard's corporate treasury workstation products.
Stanley W. Shelton, executive vice president of State Street Corporation said: "FX Connect's success is largely due to our single-minded focus on providing meaningful straight-through-processing benefits to the customer, in addition to open access to all the liquidity providers they need. Until today, FX Connect has concentrated almost exclusively on serving large global institutional investors and institutions. Our partnership with SunGard allows us to bring these efficiencies and benefits to the corporate marketplace in the most powerful way possible."

FX Connect is the established leader in the multi-bank foreign exchange trading industry with a market share estimated recently by Tower Group at over 70%. SunGard Treasury Systems is also an established leader among treasury management solution providers with a client base comprising over 50% of the Fortune 1000 companies.

FX Connect is offered via State Street's renowned Global Link platform, delivering unique fact-based research, decision support tools, and trading technology for six asset classes to clients in 23 countries worldwide. The initial products to be offered to corporations through the State Street and SunGard partnership are: FX Connect and Quick-FX for multibank trading, GTSS II for trade matching and confirmations, and a new product, Auto FX Connect, which has been specifically designed to meet the workflow and trading requirements of large corporations.

Cris Conde, president and chief executive officer, SunGard, comments, "This alliance fits perfectly with SunGard's business strategy; in today's world, connectivity determines success. Processes need to be automated end-to-end and integrated within companies and across businesses and time zones."

"There is enormous pent-up demand from corporations for the solution we have announced today," said Simon Wilson-Taylor, head of Global Link at State Street Corporation. "Essentially, it's about meeting client needs and no other platform has focused on customer issues the way we have. We delayed making a major push into the corporate FX market until we had the right solution, providing corporates with the same operational and bottom-line benefits that our institutional clients have enjoyed for nearly six years."

About FX Connect:

The first live trades on FX Connect took place on August 13th 1996. In 2000, FX Connect became the first-ever multibank FX system when live trading commenced on March 1st with Deutsche Bank. Among the now 35 banks participating today on FX Connect are ABN Amro, Bank of America, Bank of Montreal, Barclays Capital, Bear Stearns, Brown Brothers Harriman, CIBC World Markets, Citibank, Commonwealth Bank of Australia, Credit Suisse First Boston, Deutsche, Dresdner Kleinwort Wasserstein, FleetBoston Financial, JP Morgan Chase, Lehman Brothers, Lloyds TSB, Merrill Lynch, National Australia Bank, Royal Bank of Canada, Royal Bank of Scotland, Scotia Capital, Societe Generale, Standard Chartered, State Street Corporation, TD Securities, Ulster Bank, Westpac Banking Corporation.

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To: OldAIMGuy who wrote (108)11/20/2002 8:27:40 AM
From: JakeStraw
   of 131
 
One other company Wright likes is Sunguard Data Systems (SDS), which does disaster backup data services for companies and sells software to financial companies. He said it's a very high margin business, and the company has a great balance sheet and 20 percent free cash flow. "We really like their prospects."
marketwatch.com

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To: JakeStraw who wrote (113)11/21/2002 8:30:02 AM
From: JakeStraw
   of 131
 
Penson Worldwide Selects SunGard's STN Settlements for Straight-Through Processing of UK and European Clearing Operations
Wednesday November 20, 4:30 pm ET
Penson also renews contract for Phase3 securities processing system
biz.yahoo.com
BEDFORD, Mass.--(BUSINESS WIRE)--Nov. 20, 2002-- SunGard Securities Processing, an operating group of SunGard (NYSE:SDS), announced today that Penson Worldwide, Inc., will use SunGard's STN Settlements for its London-based affiliate, Penson Worldwide Settlements, Ltd. STN Settlements is an automated clearance and settlement service that connects custodians, broker-dealers, banks and futures commission merchants to custodians, depositories and clearing institutions for trade comparison, reconciliation, clearance and settlement. In addition, Penson has renewed its contract for Phase3, which it has used for multi-currency securities processing, clearance and settlement since 1995.

STN Settlements provides post-execution comparison, matching and netting of trades to and from broker-dealers and outside entities for clearance and settlement. The system interfaces directly with Phase3 to provide a straight-through processing environment. Penson, headquartered in Dallas, Texas, is a leading correspondent-clearing firm that provides clearing and settlement services to financial services companies in the U.S., the U.K., and Europe.

"For Penson, London is the gateway into Europe, and we needed a reliable mechanism for communicating with our sub-custodians who are SWIFT-eligible, as well as reducing the risks of cross-border trading," said Mark Fawver, vice president of international clearing and settlement at Penson Financial Services, Inc. "Adopting STN Settlements into our infrastructure gives our clients a straight-through, seamless trading facility by removing redundant and manual tasks, and linking directly with the Phase3 multi-currency system," said Mr. Fawver.

STN Settlements facilitates straight through processing by leveraging SunGard Business Integration's MINT Knowledge family of products, bridging the gaps between a clearing firm's securities processing system and the many clearance and settlement facilities. STN Settlements eliminates the need for brokers to manage multiple connections, and handles exception management to quickly resolve problems and reduce risk.

"With the SWIFT and Euroclear interfaces contained in STN Settlements, we will be able to better handle the many settlement rules in each country, while also taking advantage of STN Settlements' workflow capabilities such as exception management and a range of other capabilities that make reconciliation much more efficient," said Mr. Fawver.

STN Settlements currently offers, from a single point of access, interfaces with the Government Securities Clearing Corporation's (GSCC) Real-Time Trade Matching (RTTM) system, SWIFT Category 5 compliant with the 15022 standards, Euroclear, and the Depository Trust Corporation (DTC) inventory management system. SunGard plans to add several more interfaces to STN Settlements by the first quarter of 2003, including Bank of New York government securities and Mortgage-Backed Securities Clearing Corporation's (MBSCC) RTTM.

About STN Settlements

Based on SunGard Securities Processing's StreamBridge central interface management system and knowledge base, STN Settlements is platform independent and provided in an ASP environment. STN Settlements is built on industry-standard communication and messaging protocols, including ISO 15022 and XML. STN Settlements uses SunGard Business Integration's MINT Knowledge Master and MINT Knowledge Broker integration solutions, which utilize Sun(TM) ONE products, and run on the Sun Microsystems (Nasdaq:SUNW) Solaris(TM) Operating Environment.

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