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   Technology StocksSungard Data Systems (NYSE:SDS)


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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
biz.yahoo.com
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
biz.yahoo.com
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
biz.yahoo.com
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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To: JakeStraw who wrote (88)11/6/2001 1:09:16 PM
From: JakeStraw
   of 131
 
SunGard's INVEST ONE Expands Business in Canada
TD Bank Financial Group to Utilize SunGard's INVEST ONE Investment Accounting Solution
biz.yahoo.com
CHICAGO, Nov. 6 /PRNewswire/ -- SunGard Investment Management Systems today announced that Canadian-based, TD Bank Financial Group has licensed SunGard's INVEST ONE, investment accounting solution to process their institutional portfolios and mutual funds for both internal and third party funds. INVEST ONE currently processes over US$7 trillion in portfolio assets for clients in 20 countries. With this deal, signed in recent months, TD Bank Financial Group is now the fourth Canadian INVEST ONE client.

Jerry Beniuk, vice president and managing director, Wealth Management, TD Bank Financial Group, comments, ``We are excited that SunGard is providing a proven solution to do both fund and portfolio accounting for our key business lines. INVEST ONE leverages advanced technology with a highly flexible Web- deployed architecture that will allow us to increase operational efficiency, enhance client delivery, and assist in creating a paperless workflow environment for our CDN$80 billion assets processed in these portfolios.''

INVEST ONE processes investment accounting for over 175 mutual fund groups, 11 of the top 50 world banking companies, 16 of the top 20 U.S. banks, and many of the world's largest pension plans and offshore funds. SunGard delivers its solutions either for client installation in-house or through SunGard's ASP environment. Additional information is available at www.sungardinvestment.com .

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To: JakeStraw who wrote (89)11/19/2001 8:38:19 AM
From: JakeStraw
   of 131
 
SunGard Named Technology Company of the Year
biz.yahoo.com
WAYNE, Pa.--(BUSINESS WIRE)--Nov. 19, 2001--Today SunGard (NYSE:SDS) announced that it has been named Technology Company of the Year by the Eastern Technology Council (ETC). The company accepted the award last Thursday night at the council's annual black tie awards ceremony at the Philadelphia Convention Center.

The ETC's criteria for award nominees include corporate growth strategy, market leadership, product line growth, employment growth and attributes and achievements of executive leaders.

``SunGard's success supports recent reports that rank Greater Philadelphia at or near the top of national rankings for the technology industry. No company better exemplifies the durability, tenacity and pragmatism of this region than SunGard,'' said Rob McCord, Eastern Technology Council president and chief executive officer.

Cris Conde, SunGard president and chief operating officer, commented, ``We are very pleased to be recognized with this award. We believe it comes as a result of the hard work and dedication that our employees have shown in support of our mission--which is to provide always on, integrated straight-through processing solutions and high-availability services for business continuity. SunGard's greatest asset is truly its people.''

About Eastern Technology Council (ETC)

Led by executives of America's most innovative technology companies, Eastern Technology Council has nearly 1,200 technology-oriented companies in its membership, including emerging, high growth and established firms. The Council serves leaders of technology-oriented companies by providing valuable contacts, capital, and information with a broad variety of events, publications, and innovative services. Visit Eastern Technology Council at techcouncil.org.

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To: JakeStraw who wrote (90)11/19/2001 11:36:36 AM
From: OldAIMGuy
   of 131
 
Thanks Jake, the stock is performing better as well. Nice to see it nearing $30.

Best regards, Tom

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To: OldAIMGuy who wrote (91)11/20/2001 8:57:24 AM
From: JakeStraw
   of 131
 
SunGard Recognized as Global Leader in SWIFT Certified Solutions for Second Consecutive Year
biz.yahoo.com
WAYNE, Pa.--(BUSINESS WIRE)--Nov. 20, 2001--Today SunGard (NYSE:SDS) announced that its straight-through processing solutions have garnered five SWIFTReady labels, the most for a technology vendor, for the second consecutive year. SunGard's Omni IC and MINT solutions have achieved SWIFTReady Gold status, and intelliMATCH EP has acheived SWIFTReady gold status twice, both for reconciliation and for payments. Global Plus has achieved SWIFTReady Silver status.

SWIFT is an industry-owned cooperative supplying secure messaging services and interface software to over 7,000 financial institutions in 194 countries. SWIFTReady labeling, introduced in 1998, provides a formula for benchmarking third party products that interact with messages that flow over the SWIFT network. SWIFTReady labels identify products that are SWIFT-compliant, integrate efficiently in a SWIFT environment, increase traffic automation and improve straight-through processing (STP). SWIFTReady Gold is the higher of the two awards.

``SunGard is a global leader in providing S.W.I.F.T.-enabled solutions for straight-through processing. S.W.I.F.T. is recognizing- through the several Gold and Silver `SWIFTReady' labels - the value SunGard applications offer our joint customers. SWIFT is looking forward to continuing this cooperation with SunGard to bring a new series of SWIFTNet enabled solutions to the market,'' said Victor Abbeloos, head of partner solutions, SWIFT.

Mack Gill, director of alliances for SunGard, commented, ``SunGard is pleased to once again be recognized by SWIFT as a provider of industry-leading solutions for financial services. Receiving the most SWIFTReady accreditations for the second year in a row demonstrates SunGard's commitment to providing the financial community with integrated, straight-through processing solutions. The value is in the network.''

SunGard's Omni IC, Gold accredited in the securities category, is an on-line, real-time, multi-platform system for domestic, regional or global custody accounting and services that includes multi-lingual, multi-booking and multi-currency processing capabilities. True platform scalability allows Omni IC to serve any size organization from a local emerging market operation to the largest global custodian on an efficient cost basis. This international custody system accomplishes straight-through processing from transaction entry to the delivery of client statements.

SunGard's intelliMATCH EP, garnered two SWIFTReady Gold labels this year, for both Reconciliation for Securities and also for Reconciliation for Payments. IntelliMATCH EP is a robust matching engine that provides a common platform for the reconciliation of multiple instruments including cash accounts, securities positions and movements, and trade confirmations and advices and performs exception processing. It automatically resolves exceptions, rather than just identifying them. intelliMATCH EP allows an institution to track the lifecycle of a transaction intra-day and in real-time, thus enhancing its Cash and Collateral management.

The MINT Knowledge Family, also SWIFTReady Gold accredited, is a comprehensive set of components for complete business integration. It transforms an organization's information assets into centrally managed knowledge, making it visible and available across the extended enterprise. The MINT family leverages emerging technology standards such as Java and XML.

Global Plus, which enjoys SWIFTReady Silver status, is an integrated, real-time, multi- currency, multi-lingual asset management and accounting platform used by global custodians and asset management institutions to profitably manage their high net worth and pension account clients.

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To: JakeStraw who wrote (92)11/26/2001 10:34:11 AM
From: JakeStraw
   of 131
 
SunGard Transaction Network Adds Fixed Income Trading on ValuBond
Users of Largest Dealer Network Now Have Access to Live Bond Trading Platform
biz.yahoo.com
CHICAGO, Nov. 26 /PRNewswire/ -- SunGard Financial Networks, an operating group of SunGard (NYSE: SDS - news), announced today that it will be providing customers of the SunGard Transaction Network (STN) with direct access to fixed income trading on ValuBond.

STN Fixed Income is an integrated transaction network that facilitates straight-through processing between asset managers, brokers, ECN's, exchanges, banks, settlement agents and custodians. The ValuBond trading platform is a distributed, real-time, secure and efficient trading infrastructure that supports the collection, management, display and execution of fixed income securities. This partnership will provide STN customers with complete end-to-end fixed income trading and processing.

Customers will be able to place orders for municipal, corporate, agency, and treasury bonds, which will be executed on the live, anonymous ValuBond fixed income platform. STN users will also have access to ValuBond's original issue market products. Existing STN Equities customers can leverage off of the integration of their current STN connection to access this new SunGard solution.

Lisa Edwards, president of ValuBond, Inc., comments, ``SunGard integrates with a network of users that includes hundreds of top tier financial services firms that look to us for their advanced fixed income trading needs. SunGard is dedicated to bringing cutting-edge execution to the hundreds of firms that rely on STN. When combined with ValuBond's objective of bringing open, anonymous, transparent access and trading to the bond market, it is a very natural fit.''

Paul Schneider, chief executive officer of SunGard Financial Networks, adds, ``With our new fixed income solution, we continue to expand STN to meet our clients' needs and provide straight-through processing for transactions across a variety of products. We are excited about our partnership with ValuBond because it creates an end-to-end solution for fixed income trading, allowing hundreds of banks and investment managers to trade fixed income securities on STN, and it integrates with the same technology platform that our clients already use for processing equity transactions.''

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To: JakeStraw who wrote (93)11/28/2001 8:31:39 AM
From: JakeStraw
   of 131
 
Old Mutual Chooses SunGard Pension Administration System
biz.yahoo.com
MIAMI--(BUSINESS WIRE)--Nov. 27, 2001--SunGard Insurance Systems, an operating group of SunGard (NYSE:SDS), today announced that Old Mutual Employee Benefits (OMEB) has signed a substantial long -term contract for the deployment of COMPASS, SunGard's pension and annuity administration system.

Old Mutual is an international financial services company, with expanding operations in life assurance, asset management, banking and general insurance. OMEB will be using COMPASS to support a new operating environment which will support significant blocks of business including Group Pension, Annuity and Life Assurance.

The COMPASS installation will be supported locally through SunGard Insurance Systems' Johannesburg offices.

Khutso Mampeule, chief executive of Old Mutual Employee Benefits, says, ``The purpose is to build, grow and enhance OMEB. Developing a new operating environment and innovative product range supported by COMPASS is in line with the overall Group strategy to grow profitability across all Old Mutual business units and enable world-class servicing.''

David Merand, vice president of SunGard Insurance Systems' COMPASS unit in South Africa, commented, ``COMPASS streamlines even the most complicated financial processes for straight-through processing. The solution is unique in that it is a single, integrated client/server administration system, that offers benefit, investment and record-keeping support all in one software package.''

According to Mr. Merand, COMPASS operates in a network and/or Internet environment that can run on hardware ranging from inexpensive workstations to substantial UNIX-based systems with processing power that rivals that of a mainframe.

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To: JakeStraw who wrote (94)12/5/2001 3:00:31 PM
From: JakeStraw
   of 131
 
CECA Selects SunGard's Panorama to Support Integrated Market and Credit Risk Management
Panorama to Support 41 Member Savings Banks
biz.yahoo.com
NEW YORK, Dec. 5 /PRNewswire/ -- SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that the Confederacion Espanola de Cajas de Ahorros (CECA), the Spanish association of savings banks, has selected Panorama to provide market and credit risk management to its members.

Panorama will form the cornerstone of Ceca's market and credit risk management function for treasury and investment banking activities as part of its Global Risk Control Sectorial Project. The project will include the full range of risk types and business lines of the Spanish savings banks. The collection of savings banks accounts for more than 42% of total lending by banks in Spain, and 53% of deposits and mortgage lending.

CECA will install and maintain Panorama at its Madrid headquarters, and 36 of its member banks will access Panorama remotely. Five more will install Panorama locally to manage the risks of their higher volume portfolios of complex derivatives. All banks will use Panorama to support a wide range of asset classes, including fixed income and equity derivatives. SunGard will also work with CECA to add support for credit derivatives to Panorama.

Javier de la Cruz, sub-director for risk control and strategy at CECA, said, ``We believe that as our members continue to increase their competitiveness and market share in Spain, risk management is a coherent and harmonious addition to profitability management and optimised solvency management as main concerns for sound management. We selected Panorama to form a fundamental part of this global risk infrastructure because of its robust analytics, proven reliability and the ability of its flexible and extensible architecture to support our planned growth. Additionally, we know from the experience of other Spanish Panorama clients that we can rely on SunGard's local expertise, industry knowledge and high level of service.''

Panorama's data management capability is supported by a robust architecture that enables the distribution of risk services to 41 member savings banks, while allowing for full separation of data between banks. Panorama's comprehensive set of development tools will allow CECA to develop new functionality specific to its market, such as regulatory reports and measures for risk-adjusted returns.

Gavin Lavelle, president of SunGard's Panorama operating unit, said, ``We are delighted and committed to support the growth efforts of Spanish savings banks, as Spain becomes an increasingly significant force in the global financial markets, by providing our robust, integrated trading and risk management solutions and local representation.''

About CECA

In 1928, on an initiative of the Federation of Basque-Navarre Savings Banks, the Spanish Confederation of Savings Banks (CECA) was constituted, with the objective of uniting the forces of its associated members and acting as a representative body in various national and international forums. At present, CECA is made up of 46 Spanish Savings Banks and in addition to being an association is an approved credit institution. CECA supports Savings Banks in a dual role, on the one hand as an association and, on the other, as a supplier of specialized services.

As an association, the CECA:

Represents the Savings Banks with regard to public powers and in the international environment.
Acts as a common Study Centre for all matters affecting the Savings Banks.
Collaborates with the financial authorities.
Acts as an operating Co-ordination Centre for information, advising and communication and marketing.
As a service supplier, the CECA offers the Savings Banks a wide range of associated operating, financial and technological services.

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