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deal on software

Kodak, Wang discuss
deal on software

By MIKE DICKINSON
Rochester Business Journal
Eastman Kodak Co. and Wang Laboratories Inc. are investigating a possible purchase of Wang software, an industry analyst says.
Alex Henderson, a Kodak analyst for Prudential Securities, said Kodak is looking at buying Wang’s microfilm and microfiche software.
“The purchase price would be in the $300 (million) to $400 million range,” Henderson said.

Kodak, Wang discuss
deal on software

By MIKE DICKINSON
Rochester Business Journal
Eastman Kodak Co. and Wang Laboratories Inc. are investigating a possible purchase of Wang software, an industry analyst says.
Alex Henderson, a Kodak analyst for Prudential Securities, said Kodak is looking at buying Wang’s microfilm and microfiche software.
“The purchase price would be in the $300 (million) to $400 million range,” Henderson said.
The software generated $50 million in revenue for Wang last year. It is expected to bring in an estimated $75 million this year.
Paul Allen, Kodak spokesman, confirmed today that the two companies are discussing a possible transaction regarding Wang software. He declined to comment on any details of the discussions.
Kodak and Wang’s announcement today follows a report in this morning’s Boston Globe speculating on the proposed sale, Allen said.
Wang and Kodak officials say talks are ongoing. They refused to project any time frame for a decision on the transaction.
Kodak’s relationship with Wang dates to March 1995 when Kodak’s Business Imaging Systems unit entered into a strategic alliance with Wang to jointly develop and market a set of common document imaging architectures. These products form the foundation for Kodak Business Imaging Systems software solutions designed to integrate imaging into existing applications on all common server platforms.
“This tranaction is an outgrowth of that alliance,” Allen said.
Wang is a leader in workflow, integrated image, document management software and network storage management for client/server open systems.
Henderson said Wang ranks in the top five in microfilm and microfiche software development.
In other Kodak news, the company praised today’s U.S. Government request that the World Trade Organization Dispute Settlement Body establish an international panel to consider U.S. complaints filed against the government of Japan. The complaints center on barriers in the Japanese market to foreign consumer photographic products.
The panel can not be established until the next Dispute Settlement Board meeting on Oct. 16.
“This is a logical and timely progression, as the U.S. Government continues to pursue this case vigoroursly,” said Daniel A. Carp, Kodak’s assistant chief operating officer.

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