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CSC WINS $32 MILLION NATIONAL INSTITUTES OF HEALTH CONTRACT, News Release, October 24, 2002

Ross Systems Reports 1st Quarter Profit - Company reports 17% increase in Software License Growth , Press Release, October 29,

Certegy gets check services contract with Good Guys, Atlanta Journal, November 1, 2002

Lanier Worldwide sells litigation support division, Atlanta Journal, November 1, 2002


CSC WINS $32 MILLION NATIONAL INSTITUTES OF HEALTH CONTRACT, News Release, October 24, 2002

EL SEGUNDO, Calif., Oct. 24 -- Computer Sciences Corporation (NYSE: CSC) has won a contract to support the National Institutes of Health (NIH) in modernizing and expanding its medical information systems. The agreement, which includes one base year and five one-year options, is valued at more than $32 million if all options are exercised.

Under the contract, CSC will assist the NIH in a comprehensive replacement and expansion of systems supporting clinical care and the collection of research data. The company will provide NIH with systems integration, program management and training services, and will apply industry expertise to help improve operations and patient care.

Approximately 36 existing CSC employees will support the contract at the Warren Grant Magnuson Clinical Center in Bethesda, Md. The center is the NIH's on-site hospital conducting clinical research in inpatient and outpatient settings.

"CSC is pleased to support this important facility," said Stephen Kalish, president of CSC's Civil Group. "We look forward to applying our experience and best practices gained in commercial clinical transformation and technology to support this program."
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Ross Systems Reports 1st Quarter Profit - Company reports 17% increase in Software License Growth , Press Release, October 29,

ATLANTA October 29, 2002 – Ross Systems, Inc. (NASDAQ: ROSS), a leading provider of world class enterprise management software and e-business solutions for mid-market process manufacturers, today announced a profit of $0.6 million or $0.20 per diluted share for its first fiscal quarter, which ended September 30, 2002. The results were in line with preliminary estimates and represent a 45% improvement over the prior year’s same quarter.

Revenues for the quarter at $11.4 million increased from $11.3 million in the prior year’s same quarter. The net profit for the quarter of $0.6 million or $0.20 per share, compared to a net profit of $0.4 million or $0.14 per share in the prior year's same quarter. Software license revenue this quarter increased 17% from the previous year's same quarter and 3% from the sequential quarter. Consulting services revenue this quarter declined 9% from the previous year's same quarter and 12% from the sequential quarter. Maintenance revenue this quarter declined 6% from the previous year's same quarter but increased 5% from the sequential quarter. The consulting services decline was primarily due to completion of the Euro conversion efforts and the normal seasonal weakness due to holidays in Europe. Both consulting service and maintenance are expected to improve as software license implementations ramp up in the second quarter. The company continued to control expenses in line with revenue growth to further improve profitability.

Net cash of $4.6 million this quarter increased $1.8 million over the prior year's same quarter and declined $0.9 million from the sequential quarter. The net cash decline was primarily due to a reduction in current debt. During the quarter, the company secured a $5 million asset based line of credit with Silicon Valley Bank that will be used to provide additional working capital to support the company’s growth.

The company has no long-term debt and deferred revenues this quarter declined to $10.6 million from $11.0 million in the prior year. Accounts receivable, at $10.9 million, increased from $10.4 million in the prior year. Account receivable turnover remained the same at 77 days compared to the prior year's same quarter and improved 17 days from the sequential quarter.

“We are pleased with the balance of license software sales to new name accounts and to existing customers and our sales in North America were especially strong during the quarter,” said J. Patrick Tinley, Ross’ Chairman and CEO. “Some of our new customers include Hilmar Cheese, Kaiser Aluminum, Suministros Valls, Miquel Aliment, Aranzadi, and Lab. Perez Jimenez.”

“Contributing to this quarter’s success were sales of our new Supply Chain Management (SCM) and Customer Relationship Management (CRM) products. These products were first introduced this quarter, and we have already made sales in both North America and Europe. We have sold these new products to Litehouse Foods, Sarah Brownridge Whole Country Foods, Vertex and Italceramica. Additionally during the quarter, we strengthened our distribution network worldwide by adding a new distributor in Argentina and Chile that will add to our revenue stream from South America.”

“We recently held our annual Rossworld user conference in New Orleans where we introduced customers to our new products and discussed food and beverage, life sciences, chemicals, metals and natural products industry issues,” said Rick A. Marquardt, Senior Vice President of Ross. “One of the highlights of the event was the recognition of customers that benefited the most from their use of Ross’ iRenaissance Suite of applications. Some of those receiving awards were Berner Foods, Inc., IVACO, Inc., Bongards’ Creameries, and Nellson Neutraceuticals.”

A conference call to discuss the quarter's results is scheduled for Wednesday, October 30, 2002 at 9:00AM ET. The call in number for that conference call is 1-877/546-1571, Passcode: 5722, Call leader: Pat Tinley.

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Certegy gets check services contract with Good Guys, Atlanta Journal, November 1, 2002

Alpharetta-based Certegy Inc. said it has signed an agremeent to provide check warranty services to Good Guys Inc.

Good Guys, wihch sells entertainment electronics, operates 72 stores in California, Nevada, Oregon and Washington. Financial terms of the deal were not disclosed.

Certegy provides check risk management solutions to more than 329,000 retail outlets in North America, Europe and Asia Pacific.

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Lanier Worldwide sells litigation support division, Atlanta Journal, November 1, 2002

Atlanta-based Lanier Worldwide Inc., a provider od document management and copier services, has sold its litigation support division to ReacQuorum LLC. The division is called Quorum Litigation Services. Financial terms were not disclosed.

It was formed in 1966 as the antitrust litigation support team for Control Data Corp. and was renamed Quorum. Lanier purchased Quorum in 1997 to augment Lanier Professional Services, its facilities management group.

Quorum is a provider of advanced information management services for litigators.

Lanier is a wholly owned subsidiary of Ricoh Corp.


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