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   Technology StocksSungard Data Systems (NYSE:SDS)

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To: JakeStraw who wrote (78)6/15/2001 8:46:59 AM
From: JakeStraw
   of 131
U.S. Bancorp Piper Jaffray Selects SunGard for Fixed Income Trading
SunGard to Provide Integrated STP Solution Across Fixed Income Desk
CALABASAS, Calif.--(BUSINESS WIRE)--June 15, 2001--SunGard (NYSE:SDS - news) today announced that U.S. Bancorp Piper Jaffray has selected SunGard Trading Systems' Global Trader trading software and SunGard Business Integration's MINT middleware technology, to provide an integrated straight-through processing trading solution for fixed income trading operations.

The integrated SunGard solution will handle fixed income trading, sales and order management for all U.S. Bancorp Piper Jaffray's institutional services in the full range of fixed income instruments, from repos and commercial paper to municipal and convertible bonds. It will provide real-time pricing quotes to the institutional sales force and feed the retail sales offering system.

Global Trader and MINT will form the core of an entire SunGard solution, which will incorporate BOLT for back office processing and the BRASS order management system, and which will also link to the SunGard Transaction Network (STN).

The new system will provide U.S. Bancorp Piper Jaffray with a single point of access for simultaneous offer- and order-routing to multiple electronic communication networks (ECNs) and automated trading systems (ATSs), using MINT's advanced integration technology.

U.S. Bancorp Piper Jaffray sought this system to help prepare them for the next generation of fixed income trading -- delivery and execution via the Internet. MINT middleware technology will help U.S. Bancorp Piper Jaffray adapt to changes in the electronic trading environment, by creating a dynamic link between the various systems used in their fixed income operations.

Dan Herbeck, chief technology officer at U.S. Bancorp Piper Jaffray, said: ``The SunGard solution gives us the business platform we were looking for. Our partnership with SunGard, and the suite of SunGard products, allows us the flexibility to adapt to and manage our business needs in the key areas of electronic trading and integration.''

David Crellin, president of SunGard Trading Systems, Global Markets, commented: ``This is a very significant partnership for SunGard. Global Trader will be providing front-end trading functionality across more than 250 workstations in nearly 20 branch locations. With MINT providing critical messaging applications and connectivity to ECN trading partners, and SunGard's BOLT products handling fixed income back office accounting and processing, we will provide an extremely robust STP trading solution for U.S. Bancorp Piper Jaffray's fixed income trading operations.''

Daniel Barsella, president of SunGard Business Integration, commented: ``We are very excited to be the integration platform for U.S. Bancorp Piper Jaffray and to be providing a solution that combines multiple best-of-breed SunGard and third party applications. This is yet another demonstration of our ability to provide clients with fully integrated STP solutions that deliver real business benefits.''

SunGard's Global Trader software provides front-end deal capture, position keeping and analytics for fixed income and foreign exchange trading desks worldwide. SunGard Business Integration, a leading provider of application and process integration services, provides middleware and financial message transformation technology to support seamless STP between a variety of SunGard and non-SunGard applications.

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To: JakeStraw who wrote (79)6/19/2001 10:59:16 AM
From: JakeStraw
   of 131
SunGard Transaction Network Adds Allocations, Matching and Trade Notification Services
CHICAGO, June 19 /PRNewswire/ -- SunGard Financial Networks, an operating group of SunGard (NYSE: SDS - news), today announced a suite of new services that will address post-trade processing requirements of the financial services industry. In response to market demand for an end-to-end solution, the SunGard Transaction Network delivers a trade processing solution through a single electronic connection for the entire life cycle of a trade.

As the drive toward T+1 continues and trading volumes increase, the requirement for a powerful trade processing solution takes on significant importance. In addition, the post-trade settlement processes employed at many financial services institutions is still characterized by duplication of effort as well as the use of the telephone and fax by counterparties involved in the trade. STN Post-Execution Services eliminates repetitive steps and manual intervention, therefore reducing costly errors.

With nearly 600 buy-side institutions, 270 broker-dealers and many of the world's largest custodians connected to STN, SunGard has the ability to deliver an end-to-end, T+1 solution today.

``Our alliance with SunGard is giving Advent's asset management clients access to all components of the trade life cycle through one real-time connection. This is very significant, as it will help prepare them for the complex tasks in the securities industry's transition to T+1,'' said Peter Caswell, president and chief operating officer of Advent Software.

According to Paul Schneider, chief executive officer, SunGard Financial Networks, ``The processing demands of T+1 are too important for the industry to leave it up to a single solution provider in the marketplace. Broker/dealers, asset managers and custodians are looking for options to solve their processing challenges. As a S.W.I.F.T. ETC provider and with an eye toward global connectivity, SunGard looks forward to working closely with the GSTPA and Omgeo to deliver an interoperable solution to the marketplace.''


The SunGard Transaction Network is a connected community of financial services institutions, comprising SunGard customers and other market participants. It is a virtual network connecting the processes in the financial services marketplace, linking asset managers with brokers, brokers with exchanges, exchanges with banks, and banks with settlement agents and custodians. STN supports the key information flows in the trading lifecycle, including order routing, pricing, execution, allocations, affirmation and matching, notification, reconciliation and reporting. STN supports the cross- border information flows for equities, mutual funds, and fixed income securities

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To: JakeStraw who wrote (80)6/19/2001 12:09:17 PM
From: JakeStraw
   of 131
SunGard, Microsoft and Intel Collaborate on First Microsoft .NET Solutions for Financial Services Industry
.NET Framework provides robust platform for integrated straight-through processing
NEW YORK--(BUSINESS WIRE)--June 19, 2001-- Today at the Securities Industry Association's Technology Management Conference and Exhibit, SunGard, Microsoft Corporation and Intel Corporation announced a joint collaboration to deliver the first Microsoft .NET-based solutions for the financial services industry.

As part of ongoing development efforts, SunGard and Microsoft are working together to use the Microsoft .NET framework for SunGard's Knowledge Factory, AddVantage and IntelliTran products.

Microsoft .NET is Microsoft's vision and platform for the third generation of the Internet where software is delivered as a service -- accessible via any device, any time, anywhere -- and is distributed, programmable and customizable.

The Microsoft .NET Platform is explicitly designed to enable the rapid development, integration and orchestration of any group of XML Web services and applications into a single, comprehensive solution.

Intel and SunGard are also working closely together to optimize a number of applications such as these to run optimally on Intel® Xeon(TM) processor-based systems, as well as Itanium(TM)-based systems.

Beginning with last year's announcement of the development of SunGard's 64-bit Panorama(TM) trading and risk management application for Itanium-based systems, Intel and SunGard have continued their collaboration in order to deliver leading Intel-based products to the financial services industry.

Moving forward, SunGard plans to continue its development of a .NET, Itanium-based software platform that will support the next generation of financial Web services.

The .NET Framework provides a robust platform for SunGard applications to enable the integration of financial Web services and straight-through processing (STP) within and between financial institutions and their customers.

SunGard's Knowledge Factory, AddVantage and IntelliTran products represent market-leading solutions for risk management, asset management and straight-through processing (STP), and are used by hundreds of top tier financial services institutions worldwide.

SunGard Knowledge Factory is an online, cross-asset portfolio analysis and management solution that allows financial institutions to provide a wide range of aggregated information both internally and to customers, any time, anywhere.

SunGard AddVantage is the only fully Internet-enabled asset management systems to provide real-time solutions for investment management, trust accounting, custody and private banking. SunGard IntelliTran supports self-service research via the Web, allowing customers of financial institutions access to their cash and securities statements and transaction details.

Customers can use this information to resolve their own exceptions without manual interaction with their financial institution.

``Microsoft is pleased to be working with industry leaders SunGard and Intel to deliver trading, risk management and STP-enabling solutions over the Internet using the .NET Framework. The combination of SunGard solutions, Microsoft .NET technology and 64-bit computing will offer a reliable, easy-to-use and scalable solution for financial services over the Internet,'' said Jeremy Lehman, chief technologist, financial markets, Microsoft.

``The delivery of open, standards-based technology is essential for the financial services industry where performance, scalability and reliability are critical,'' said Tom Gibbs, director, Intel industry marketing. ``The power of Intel-based systems, the leadership of SunGard solutions, and the Microsoft infrastructure and integration technologies such as .NET are providing the infrastructure required to improving clearing and settlement times from T+5 days to T+1 in the financial services sector.''

Mack Gill, director, global alliances, SunGard said, ``As leaders in delivering Microsoft .NET and 64-bit computing solutions, SunGard remains at the forefront of technology for financial services. By collaborating with Microsoft and Intel, we are well-positioned to deliver next generation of XML Web service solutions.''

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To: JakeStraw who wrote (81)6/21/2001 1:28:37 PM
From: JakeStraw
   of 131
Nordic Funding Agencies Kommuninvest and Kommunalbanken Select SunGard For Straight-Through Processing
Panorama to Provide Integrated Market and Credit Risk Management
NEW YORK, June 21 /PRNewswire/ -- SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Kommuninvest, a credit market company owned by the Swedish local government funding agency Kommuninvest Cooperative Society, and Kommunalbanken, the Oslo-based Norwegian local government funding agency, are installing Panorama for cross-asset trading and straight-through processing combined with integrated market and credit risk management.

Kommuninvest and Kommunalbanken follow a policy of cooperation with each other and other Nordic funding agencies, with the objective of fostering competition for loans to the local government sector in their respective countries by offering the most cost-effective financing possible. Having Panorama installed at both entities will enable them to synchronize much of their business processes in order to achieve that goal.

Kommuninvest and Kommunalbanken have selected Panorama as part of their strict risk management discipline. Panorama will support trading, risk management and straight-through processing for a wide range of assets traded by the two funding agencies, including interest rates, fixed income, forex and money markets and their derivatives, as well as structured products including equity-linked bonds. Deals will automatically feed through Panorama, generating event-driven confirmations and postings to the general ledger, alongside payments and settlements. Panorama will also perform both market and credit risk measurements, and support the setting and monitoring of firmwide credit limits.

Thomas Akelius, chief executive officer of Kommuninvest, said, ``We selected Panorama as the technical platform to support our conservative risk policies because of its ability to provide straight-through processing for a broad range of sophisticated instruments, and because of its integrated market and credit risk functionality. In addition, Panorama offers us a flexible and extensible platform that can grow and expand with our business. We are very pleased with SunGard's professional local support team and with the implementation process thus far.''

Gavin Lavelle, president of SunGard's Panorama operating unit, said, ``Panorama, backed by an expert local support team, has been an unmatched combination for success in the Nordic region. Panorama's flexibility not only enables system customization for local specifications but for the varied needs of institutions of all types and sizes, including government funding agencies, asset management firms, hedge funds and banks.''

About Kommuninvest

Kommuninvest is a credit market company owned by Kommuninvest Cooperative Society. The cooperative society currently has 115 members (112 Swedish municipalities and 3 county councils). Kommuninvest was established to provide the most favorable opportunities possible for raising the finance that is necessary to fund the investment activities of the members of Kommuninvest Cooperative Society and the companies that these members own. In this way the company serves the mutual interest of all Swedish municipalities by contributing to reducing the costs incurred by the public sector when raising the loans it needs. Kommuninvest's total lending is currently in the region of 30 billion Swedish kronor (SEK 30 bn).

About Kommunalbanken

Kommunalbanken is the Norwegian local government funding agency. Its objective is to secure competitive financing for Norwegian local governments. Loans are granted solely to local governments or against a guarantee from a local government. In its 75 years of operation, Kommunalbanken has not experienced any loan losses. Kommunalbanken has been assigned a long term AAA/Aaa credit rating by Standard & Poor's and Moody's Investors Service Ltd. In March 2001, Kommunalbanken was awarded the MTNWeek's Award as Best new Euro-MTN Borrower

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To: OldAIMGuy who wrote (72)8/29/2001 8:38:18 AM
From: JakeStraw
   of 131
SunGard Launches Outsourced Wealth Management Services; New Unit to Provide Single, Integrated Solution for Outsourcing
WICHITA, Kansas, Aug. 28 /PRNewswire/ -- SunGard Asset Management Systems, an operating group of SunGard (NYSE: SDS), today announced the formation of SunGard Wealth Management Services, LLC. The new operating unit will provide turnkey, outsourced wealth management services to banks, registered investment advisors and other financial services organizations.

SunGard Asset Management Systems is a leading provider of software and system solutions to the trust, investment, brokerage, mutual fund, and 401(k) industry. The formation of SunGard Wealth Management Services will enable the company to broaden its role by offering customers a single, integrated solution for outsourcing securities operations, investment accounting, trust operations, employee benefit recordkeeping, investment programs, and financial planning, as well as marketing, training, and risk management programs for wealth management businesses.

SunGard launched the new business in cooperation with INTRUST Bank, Wichita, KS. INTRUST, a longtime customer of SunGard, will become the charter customer of SunGard Wealth Management Services.

``The leverage that INTRUST will gain from this relationship is tremendous,'' said Ron Baldwin, vice chairman, INTRUST Bank. ``The breadth of financial tools now available to us will support not only asset management and administration, but also client service and sales.'' Baldwin added, ``We will benefit from this service with a reduction of costs, increased productivity and improved customer service, providing the conduit for INTRUST to serve, retain, and grow our client relationships, while managing and growing our business.''

Phil Owings, president of the newly-formed SunGard Wealth Management Services, explained, ``The services provided by SunGard Wealth Management Services are a natural extension of the technology solutions SunGard has delivered successfully for years. Financial service organizations are recognizing the importance of offering an integrated, high-quality package of wealth management services, and the challenge it represents. SunGard is the answer to that challenge.'' In addition to Mr. Owings, several other key managers from INTRUST have joined SunGard to lead the new venture.

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To: JakeStraw who wrote (83)9/4/2001 9:15:39 AM
From: JakeStraw
   of 131
SunGard eTX Connects With ICAP's ETC Platform for Trade Execution and Straight-Through Processing
CALABASAS, Calif.--(BUSINESS WIRE)--Sept. 4, 2001--SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS), today announced a partnership with ICAP Electronic Broking, a division of ICAP plc., to utilize the ETC(TM) Trading platform, together with eTreasury eXchange's straight-through processing for trading credit market instruments.

Last year, ICAP launched the Electronic Trading Community platform (ETC(TM)) that allows traders at major banks and investment houses to transact deals via a private extranet or the Internet.

ETC(TM) is a Java(TM) based application that provides real-time electronic access to the same liquidity pools as the voice-brokered market. Combining ETC(TM) with SunGard's eTX will enable SunGard clients to react to real-time trading opportunities.

Steve McDermott, chief executive of electronic trading at Garban-Intercapital, said: ``ETC(TM) was our first phase of a focused e-commerce strategy to produce an interactive network providing fast, cost-effective electronic broking and straight-through processing. By joining with eTX, we can offer a suite of services unique to the industry.''

SunGard eTX provides secure, real-time treasury functionality as a service of the SunGard Transaction Network (STN). It provides seamless integration between SunGard's treasury management applications (Quantum, GTM, ICMS/TS and ResourceIQ) and the financial community for cash management services and execution services (trading, borrowing and investment). SunGard Treasury Systems is a global provider of leading treasury management solutions. The eTreasury eXchange initiative, which was unveiled in November 2000, links SunGard Treasury's extensive international customer base to their financial services providers for cash management and banking services as well as transaction services in a range of financial products.

``Our technology and expertise, combined with Garban-Intercapital's access to liquidity, will add significant value for our treasury system clients,'' said Gary Bishop, president, SunGard Treasury Systems. ``eTX will enable Garban's client banks to increase trading volumes and service opportunities with SunGard Treasury Systems' clients via straight-through processing,'' Bishop said.

About ICAP plc

ICAP provides a specialist intermediary broking service to commercial banks, investment banks and other ``liquidity providers'' in the wholesale financial markets. As an integrated and increasingly technology based business ICAP is the largest operator of ``liquidity pools'' in these markets.

ICAP plc is listed on the London Stock Exchange (LSE:ICA.L) and joined the FTSE 250 Index in March 2001. ICAP plc posted a profit of (pound)75.6 million for the 12 months ended March 31, 2001. You can learn more by visiting

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To: JakeStraw who wrote (84)9/4/2001 12:20:22 PM
From: OldAIMGuy
   of 131
Hi JS, Thanks for the latest news items on SDS. I'm currently in between buy and sell points with the price/share nearer the buy side.

Best regards, Tom

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To: JakeStraw who wrote (84)10/12/2001 1:04:33 PM
From: JakeStraw
   of 131
SunGard to Buy Comdisco Services Unit
ROSEMONT, Ill. (Reuters) - Computer leasing company Comdisco Inc. (NYSE:CDO) said on Friday it would sell its technology services business to SunGard Data Systems Inc. (NYSE:SDS) for $825 million after the financial services software company topped an earlier offer by Hewlett-Packard Co.(NYSE:HWP)

The deal for the services business, which helps companies do back-ups and prepare for potential disasters, came after a court-authorized auction and is subject to approval by U.S. Bankruptcy Court in Illinois on Oct. 23.

Rosemont, Illinois-based Comdisco, whose main business is leasing computers and equipment, said the SunGard bid was fully supported by the official unsecured creditors committee and equity committee.

Comdisco, hit by investment losses and working to manage a mountain of debt, filed for bankruptcy protection in July and said then that it would sell its services business to Hewlett-Packard for $610 million in cash. By the terms of that agreement, Comdisco said on Friday that the Hewlett-Packard offer remains open through Dec. 19.

In August, Wayne, Pennsylvania-based SunGard made a $775 million offer for the Comdisco technology services business, and also filed a legal objection to the bidding procedures proposed by Comdisco and Hewlett-Packard in Comdisco's bankruptcy proceedings.

Both Comdisco and SunGard have been providing disaster recovery services for corporations after the Sept. 11 attacks on New York and Washington.

``The exceptional skills of Comdisco's Availability Solutions staff have been more apparent than ever in the wake of the World Trade Center disaster,'' SunGard Chief Executive Officer James Mann said in a statement. ``The combination of our two businesses will ensure that there will be a strong independent vendor in this important industry.''

The sale to SunGard, which the companies are seeking to close as soon as possible after court approval, includes the purchase of assets of Comdisco's U.S. operations and the stock of its subsidiaries in Britain, France and Canada related to the business, known as Availability Solutions.

The sale excludes the purchase of the stock of subsidiaries in Germany and Spain, as well as other assets such as Network Services and IT CAP Solutions, Comdisco said.

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To: JakeStraw who wrote (86)10/23/2001 8:16:47 AM
From: JakeStraw
   of 131
SunGard Announces Asia-Pacific Expansion
SINGAPORE--(BUSINESS WIRE)--Oct. 22, 2001--SunGard (NYSE:SDS) today announced its plans to expand its presence in Asia-Pacific.

The Company has established SunGard Asia-Pacific, headquartered in Singapore, specifically to distribute SunGard products in the region.

SunGard Asia-Pacific's president, Matt Mandalinci, said, ``SunGard currently serves more than five hundred clients in Asia-Pacific, including many of the region's largest financial institutions. The objective of setting up a distribution and support organization is to provide additional focus for our international expansion. With fourteen operating units already offering specialized products in the region, SunGard Asia-Pacific will bring additional resources and the commitment of a global technology company with local knowledge and expertise.''

SunGard already has offices in Singapore, Sydney, Melbourne, Perth, Christchurch, Wellington, Hong Kong, and Bangkok. The Company has recently opened offices in Beijing and Seoul and plans another in Taipei.

Cris Conde, president of SunGard, said, ``SunGard has a strong and expanding presence in Asia-Pacific. The region represents over half the world's population and both local and global financial institutions are rapidly bringing to market new products and services. Their primary challenge is how to integrate new services with their legacy systems in a cross border environment. With a focus on integration and transaction networks, SunGard is ideally placed to help our clients address this challenge. Integrated Solutions combine selected SunGard best-of-breed applications to provide straight-through processing within an institution. The SunGard Transaction Network connects the different parties in the financial marketplace to achieve straight-through processing between institutions.''

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To: JakeStraw who wrote (87)10/24/2001 8:21:41 AM
From: JakeStraw
   of 131
Bear Stearns Selects SunGard to Power e-Brokerage Business
NEW YORK--(BUSINESS WIRE)--Oct. 23, 2001--SunGard EMS, an operating unit of SunGard (NYSE:SDS), announced today that Bear, Stearns Securities Corp., one of the world's leading securities trading and brokerage firms, has chosen SunGard technology to power the retail e-brokerage operation of its correspondent business.

Built on SunGard's robust, second-generation BrokerWare technology platform, the Bear Stearns' solution will provide unique, flexible online trading sites to more than 200 correspondent firms in the United States. Along with seamless integration to existing back-office and order processing technologies, SunGard EMS will also provide a host of market data and Web-based services, including real-time quotes, alerts, advanced charting, and integration with third-party services. The solution will be hosted at SunGard's new data center in Mt. Laurel, NJ.

``SunGard's robust feature set and efficient architecture will offer Bear Stearns' clients expanded and enhanced functionality, both in terms of content, customization and services offered,'' commented Bennett Egeth, senior managing director in the Global Clearing Services for Bear Stearns Securities Corp. ``We're confident that the SunGard solution will give our correspondents a competitive edge in the rapidly consolidating brokerage market.''

As a custom-built solution, this large-scale project involves a mix of existing XML messaging technology and professional services development. The solution will give Bear Stearns the ability to rapidly create, entitle, and launch individual Web sites, as well as customize the Web interface to provide a uniquely-branded site to each of its correspondent firms.

``The Bear Stearns project represents a breakthrough for SunGard EMS,'' explained Richard Seguin, president, SunGard EMS. ``While we've been servicing US clients for several years now, this latest deal gives us a tremendous boost both in terms of reach and visibility in the US.''

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