Category: Computer & Electronics

Airlines Reporting Corporation Serves Nearly 10,000 Travel Agents and Carriers with MicroStrategy Technology

Reduces Costs and Simplifies Access to Information

McLean, Va., (December 09, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Airlines Reporting Corporation (ARC) is helping approximately 10,000 of its customers save money and enhance efficiency and productivity by providing them with quick access to transaction data through its MicroStrategy-based extranet application. As the airline industry’s financial settlement system for the United States and Puerto Rico, Arlington, Va.-based ARC processes approximately 150 million ticket transactions per year for its customers, which include approximately 30,000 travel agents and more than 130 domestic and international carriers.

ARC used the MicroStrategy Business Intelligence Platform(TM) to build the ARC Document Retrieval System, which allows travel agents and carriers to access summaries and details of millions of airline ticket transactions over the Web. Prior to the availability of the ARC Document Retrieval System, agents and carriers had to rely on paper copies of ticket documents, microfiche and back-office systems to research ticket information for all of these transactions.

“The ARC Document Retrieval System is an example of how ARC is providing innovative solutions for our customers — travel agents and carriers — so that they can receive timely access to the information they require,” said John Kyle, General Manager of ARC COMPASS, the analytical services division of ARC. “The MicroStrategy Business Intelligence Platform enables us to support thousands of users over the Web with a clean interface that requires little or no training for end users. Agents and carriers are saving substantial time and money by not having to print and rely on paper.”

“With MicroStrategy we are able to deploy information manageably via a single, easy-to-use Web interface for both agents and carriers. The ARC Document Retrieval System has significantly improved ticket research times and reduced the number of errors that can result from different customers having different views of the data,” added Kyle.

“Fast, cost-effective deployment of business intelligence reports is critical for applications like the ARC Document Retrieval System,” said Sanju K. Bansal, vice chairman and chief operating officer of MicroStrategy Incorporated. “MicroStrategy’s zero-footprint Web client provides robust business intelligence functionality without requiring downloads like ActiveX or Java Applets. This is especially important for extranet applications as it helps organizations meet the most stringent firewall and security requirements and eliminates the need for client-side administration. We are delighted to be able to make deployment via extranets easier and more secure, and help customers create opportunities to enhance efficiency that in turn boost overall business performance.”

For more information on Web-based business intelligence applications, join MicroStrategy for an online seminar: http://www.microstrategy.com/Events/Online_Seminars/index.asp.

About Airlines Reporting Corporation

ARC – the Airlines Reporting Corporation – is an airline-owned company offering travel products and services, ticket distribution and settlement through a variety of channels in the United States, Puerto Rico and the U.S. Virgin Islands. ARC is the trusted cornerstone of the air travel industry, integral to its success and future. ARC offers the best settlement engine, is the recognized industry data store, and is the premier provider of industry knowledge and insight. There are over 30,000 ARC accredited travel agency locations and approximately 134 participating airlines and railroads in ARC’s settlement system. Using increasingly sophisticated electronic means for ticket distribution, reporting, and remittance, these points of sale are responsible for air and rail sales of nearly $70 billion a year. For more information about ARC, please visit www.arccorp.com.

About MicroStrategy Incorporated

Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.

Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.

Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the Company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 7, MicroStrategy 7i are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Meredith Corporation Chooses MicroStrategy for Enterprise-Wide Customer Analysis Applications

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Meredith Corporation has selected the MicroStrategy Business Intelligence Platform� for enterprise-wide enhanced customer analysis.

McLean, Va. (December 08, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Meredith Corporation has selected the MicroStrategy Business Intelligence Platform(TM) for enterprise-wide enhanced customer analysis. Meredith Corporation (NYSE: MDP) is one of the nation’s leading media and marketing companies with businesses centering on magazine and book publishing, television broadcasting, and interactive and integrated marketing. Together, Meredith media properties reach more than 75 million Americans each month.

The MicroStrategy platform will enable Meredith Corporation to perform query and reporting applications through a user-friendly Web interface against a Teradata® data warehouse. Teradata enables Meredith to leverage its large amounts of customer data in order to enhance its customer communications and increase subscriber satisfaction. With the new MicroStrategy-based applications, Meredith Corporation will be able to conduct a wide range of Web-enabled reports and investigative data patterns and a full scope of query and statistical analyses.

“We switched to MicroStrategy because we needed a fully integrated business intelligence platform with a user-friendly Web interface that all of our employees could easily use,” said Karla Jeffries, Vice President of Consumer Marketing, Meredith Corporation. “In addition, we’re able to more efficiently identify new opportunities to increase circulation and implement more strategic merchandising and promotional campaigns.”

“Our relationship with Meredith is validation of our advanced business intelligence technology,” said MicroStrategy’s COO Sanju Bansal. “Fortune 2000 companies are increasingly recognizing that MicroStrategy’s industrial-strength platform provides enterprise-class business-intelligence applications.”

About Meredith Corporation

Meredith Corporation (NYSE: MDP; www.Meredith.com) is one of the nation’s leading media and marketing companies with businesses centering on magazine and book publishing, television broadcasting, and interactive and integrated marketing. Together, Meredith media properties reach more than 75 million Americans each month.

The Meredith Publishing Group, the country’s foremost home and family authority, includes 17 magazine brands, including Better Homes and Gardens and Ladies’ Home Journal, and approximately 170 special interest publications. Meredith owns 12 television stations-including properties in top 25 markets such as Atlanta, Phoenix, and Portland. Meredith has nearly 300 books in print and has established integrated marketing and custom publishing relationships with some of America’s leading companies. Additionally, Meredith has an extensive Internet presence, including 24 web sites, and strategic alliances with leading Internet destinations.

About MicroStrategy Incorporated

Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.

MicroStrategy has over 2,300 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun and Hewlett-Packard. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at www.microstrategy.com.

This press release may include statements that may constitute “forward-looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy Report Services, MicroStrategy 7.1 are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Runs on IBM WebSphere Application Server

Release of Web Universal for Unix Systems a Milestone for MicroStrategy

McLEAN, Va., (December 03, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the MicroStrategy Web Universal product, released in the fourth quarter of 2002, is available on IBM’s WebSphere* Application Server and AIX* operating systems. MicroStrategy Web Universal, a component of the MicroStrategy 7i(TM) business intelligence platform, provides a J2EE(TM) compliant, zero-footprint Web interface that runs on Unix®, Linux® and Windows® platforms.

“We are pleased that MicroStrategy has selected IBM WebSphere as a key application server for its MicroStrategy Web Universal product,” stated Bill Reedy, VP of WebSphere Business Development at IBM. “Enabling MicroStrategy Web Universal for IBM WebSphere will provide businesses with sophisticated business intelligence solutions for managing their customer, partner and employee relationships.”

“MicroStrategy is proud to announce a milestone achievement with the recent release of MicroStrategy Web Universal on Unix systems,” said Sanju K. Bansal, vice chairman and chief operating officer of MicroStrategy Incorporated. “Our joint customers are now able to take advantage of MicroStrategy’s zero-footprint Web client on their current IBM WebSphere infrastructure. This creates new opportunities for enterprises to utilize our industrial-strength MicroStrategy 7i platform.”

For more information on MicroStrategy Web Universal visit MicroStrategy’s Web site:
http://www.microstrategy.com/news/pr_system/press_release.asp?ctry=167&id=922.

About MicroStrategy Incorporated

Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.

Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.

Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the Company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

*Indicates trademark or registered trademark of International Business Machines Corporation.

MicroStrategy, MicroStrategy 7, MicroStrategy 7i are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

AutoTrader.com Selects MicroStrategy Report Services for Enterprise Reporting and Analysis

New Technology to be Deployed to Over 800 Users

McLEAN, Va., (December 01, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that AutoTrader.com has selected MicroStrategy Report Services(TM) for enterprise-wide reporting and analysis. Created in 1997, AutoTrader.com is the Internet’s leading auto classifieds marketplace and consumer information Web site.

“MicroStrategy Report Services provides an easy-to-use, integrated reporting and analytics platform that provides our end-users greater business insight,” said Rebecca Watson, Chief Information Officer, of AutoTrader.com. She added, “We looked at other competing offerings, but preferred MicroStrategy’s end-user experience and integrated architecture. For a new product, we’ve found Report Services to be extraordinarily feature-rich.”

Recently released, MicroStrategy Report Services simplifies the deployment of business intelligence applications throughout a large organization – to all its employees, customers, and suppliers – and delivers the entire range of enterprise report types that companies need. Over 800 AutoTrader.com employees will run reports against a 7-terabyte data warehouse and will use MicroStrategy Report Services for sales analysis and reporting to improve operational efficiencies and competitive insight.

“Fully integrated with the MicroStrategy platform, MicroStrategy Report Services delivers high-quality reporting to the masses, and inherits the platform’s well-known strengths – user scalability, data scalability, industrial-strength reliability – that are required for enterprise reporting,” said MicroStrategy’s COO Sanju Bansal. “We’re proud that AutoTrader.com has selected MicroStrategy to fulfill its enterprise reporting needs.”

About AutoTrader.com

AutoTrader.com, created in 1997 and headquartered in Atlanta, Ga., is the Internet’s leading auto classifieds marketplace and consumer information website. AutoTrader.com aggregates in a single location more than 2.2 million vehicle listings from 40,000 dealers and 250,000 private owners, which provide the largest selection of vehicles attracting more than 7 million unique visitors every month. Through innovative merchandising products such as multiple photos and auction-style listings and comprehensive search functionality, AutoTrader.com unites buyer and seller online – dramatically improving the way people research, locate and advertise vehicles.

AutoTrader.com is a majority-owned subsidiary of Manheim Auctions, Inc., the world’s largest operator of wholesale auto auctions since 1945. Manheim Auctions, a wholly owned subsidiary of media conglomerate Cox Enterprises, Inc., is AutoTrader.com’s principal stockholder and a key investor along with Landmark Communications, ADP, Inc., and the venture capital firm Kleiner Perkins Caufield & Byers. For more information, visit www.autotrader.com or call 1-800-353-9350.

About MicroStrategy Incorporated

Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.

MicroStrategy has over 2,300 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun and Hewlett-Packard. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at www.microstrategy.com.

This press release may include statements that may constitute “forward-looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy Report Services, MicroStrategy 7, MicroStrategy 7i are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy to Team with Oracle to help Organizations Enhance Efficiency

Joint Solution to Deliver Cost-effective Business Intelligence Applications

McLean, Va., (November 13, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software and Certified Partner of the Oracle® PartnerNetwork, today announced that it is teaming with Oracle® Corp. (NASDAQ: ORCL) to provide customers with a powerful, cost-effective platform for building enterprise-wide business intelligence applications. The combined solution of the MicroStrategy Business Intelligence Platform(TM) and Oracle9i Real Application Clusters offers a solid foundation for fast performing, reliable business intelligence applications that can help organizations enhance efficiency, productivity and customer relations.

“We are pleased to work with MicroStrategy and provide our customers with its industry-leading business intelligence capabilities through seamless integration,” said Robert Shimp, vice president, Oracle Database Marketing at Oracle Corp. “MicroStrategy’s proven scalability makes it an ideal business intelligence platform for Oracle9i Real Application Clusters customers.”

“The Oracle9i Real Application Clusters environment mirrors MicroStrategy’s fault-tolerant, high-availability architecture,” said Mark LaRow, vice president of products at MicroStrategy Incorporated. “The combination of Oracle9i Real Application Clusters and the MicroStrategy Business Intelligence Platform eliminates single points of failure and provides our Oracle customers with a reliable platform for complex data analysis.”

About Oracle9i Real Application Clusters

Oracle9i Real Application Clusters is Oracle’s next-generation cluster technology, and is the result of more than ten years of development. Based on Oracle’s CacheFusion architecture, Oracle9i Real Application Clusters delivers near-linear scalability and unbreakable reliability for all applications. It also provides transparent application scalability by quickly and efficiently sharing frequently accessed data across all the computers in the cluster.

About MicroStrategy Incorporated

Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.

Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.

Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

Oracle is a registered trademark of Oracle Corporation and/or its affiliates.

This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy 7, MicroStrategy 7i are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Export-Import Bank of Korea Deploys MicroStrategy Business Intelligence Platform Enterprise-Wide

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the Export-Import Bank of Korea is using the MicroStrategy Business Intelligence Platform� enterprise-wide to support extensive financial analyses.

McLEAN, Va., (November 11, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the Export-Import Bank of Korea is using the MicroStrategy Business Intelligence Platform(TM) enterprise-wide to support extensive financial analyses. Established in 1976, the Export-Import Bank of Korea, with approximately 11.9 trillion won in assets, is a special governmental financial institution with 550 employees and 17 domestic and international branch locations and subsidiaries.

“MicroStrategy is critical to the bank’s IT infrastructure, as the technology enables our end users to search and analyze statistics on Korean firms’ overseas direct investments in order to effectively manage economic risk,” said Mr. Chang-Hwan Jung, senior economic research officer at the Export-Import Bank of Korea. “The MicroStrategy platform offers superior data and end user scalability as well as powerful analytical capabilities. With MicroStrategy software, our end users can create a wide variety of analytical reports that serve as a good reference in the decision-making process. As a result, we will be able to enhance our work efficiency and utilization of the bank’s financial resources.”

End users in all departments across the bank can create sophisticated yet intuitive reports in various formats, and then post them online for its domestic and overseas end user communities. According to Jung, MicroStrategy meets the bank’s business intelligence standards for continuous and sophisticated analyses of extensive financial data by enabling its end users to create, modify and deploy reports with ease via the Web.

About the Export-Import Bank of Korea
Established in 1976, the Export-Import Bank of Korea is a special governmental financial institution with approximately 550 employees, 7 domestic branch locations, 7 overseas branch locations, 3 overseas subsidiaries and approximately 11.9 trillion won in assets. The Export-Import Bank of Korea supports exports principally through extending loans to both suppliers and buyers. Its major services are Export Credit, Overseas Investment Credit, Major Resources Development Credit and Import Credit.

About MicroStrategy Incorporated

Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.

Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.

Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 7, MicroStrategy 7i are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Expands Into Markets in Greater China

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the availability of its software and services in greater China through Lan Feng Technologies Ltd., based in the Southern city of Guangdong.

McLean, Va., (November 05, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the availability of its software and services in greater China through Lan Feng Technologies Ltd., based in the Southern city of Guangdong. The company will add MicroStrategy to its offering to provide Chinese companies with data analysis capabilities that help them optimize their business operations, enhance efficiency and improve customer relations.

“We are delighted to offer MicroStrategy business intelligence software and services to our customers and to our partners in China,” said Tammy Tang, President of Lan Feng. “MicroStrategy’s technology will continue to allow us to provide our customers with the powerful analysis and enterprise-wide reporting capabilities needed to facilitate more effective decision-making. MicroStrategy’s increased commitment to this region will ensure that our customers receive the best possible support and services for their business intelligence applications.”

“As information technology becomes more prevalent in the Chinese economy, we expect that local organizations will increasingly turn to business intelligence software to solve business problems,” said Sanju K. Bansal, vice chairman and chief operating officer of MicroStrategy Incorporated. “With Lan Feng’s expertise and reach, MicroStrategy will be able to more effectively meet the fast-growing need for business intelligence in the Chinese markets.”

Bansal also noted that the business intelligence market in China “while small today, is growing at a significant rate of about 30 percent to 40 percent per year,” as the Chinese government has successfully helped create a high-growth business environment which stimulates the demand for business intelligence solutions.

“MicroStrategy and China have a very special relationship,” said Eduardo Sanchez, vice president of worldwide sales and services at MicroStrategy Incorporated. “Many of our elite programmers, software designers and top managers are graduates of Tsinghua University — they are among MicroStrategy’s top performers and serve as a bridge between our country and China. We look forward to working with Lan Feng to continue this relationship and increase our commitment to China.”

About Lan Feng Technologies

Lan Feng Technologies was founded in early 2002 in Guangdong, China, by Tammy Tang, a “returnee Chinese.” The company provides localized MicroStrategy products and solutions to end users in China through a partner network. Lan Feng’s partners are active in the major Greater China sub-markets of South, East, Capital and West-Central China as well as in the territory of Taiwan and the SAR of Hong Kong. The main industries of focus are Finance, Telecom, Retail and Government. Ms. Tang has several years of experience in consulting, business intelligence implementations, management and training.

About MicroStrategy Incorporated

Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.

Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.

Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; the ability of the Company to enforce its intellectual property rights in China; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy 7, MicroStrategy 7i are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com

July Ma
Lan Feng
marcom@firstbi.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Technology Powers Global Analysis at Consors Discount Broker, Europe’s Leading Online Brokerage

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Consors Discount Broker is using the MicroStrategy Business Intelligence Platform� to anchor its global analysis platform. Consors Discount Broker, with headquarters in

McLean, Va., (October 30, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Consors Discount Broker is using the MicroStrategy Business Intelligence Platform(TM) to anchor its global analysis platform. Consors Discount Broker, with headquarters in Nürnberg, is a subsidiary of BNP Paribas and part of the CortalConsors Group, which is Europe’s leading online brokerage group with more than one million customers.

“Business growth and the high trading volume we support required a powerful and reliable business intelligence foundation,” said Peter Fuchs, Data Warehouse Manager at Consors Discount Broker. “The MicroStrategy platform provides the flexibility and ease of use that our end users require daily to analyze massive amounts of trade and customer interaction information, thereby uncovering insight that drives improvements in our product and service offerings. Furthermore, the platform supports complex data analyses with maximum efficiency and is flexible enough to accommodate future trade volume and business growth.”

Consors Discount Broker uses MicroStrategy to integrate and analyze information – including order, customer data and financial data – from a single, global analysis platform. In the future, the company expects that it will make available to all of the Consors Group’s subsidiaries secure access to key information.

About Consors Discount Broker

Consors pioneered online trading in Germany during the mid-1990s and has become a market leader in the heavy trading segment. Consors offers brokerage services to both professional traders and investment oriented individuals.

Today Consors is one of the leading German online brokerage firms. This position in the market is both their purpose and their commitment. Everyday, new customers join the approximately 500,000 customers Consors presently has in Germany. Consors is among the most advantageous suppliers with the best cost-performance ratio. The market is highly competitive and transparent. As in any online business, competition is just a mouse click away. This is why Consors offers a whole range of innovative products and services in order to continually expand its leadership position.

About MicroStrategy Incorporated.

Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.

Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.

Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, MicroStrategy Web are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Sustains Profitability in Q3 2002

Marks Third Consecutive Quarter of GAAP Profitability; Fourth Consecutive Quarter of Pro Forma Profitability

MCLEAN, Va., (October 24, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced its financial results for the three-month period ended September 30, 2002 (the third quarter of its 2002 fiscal year), reporting both GAAP and pro forma profitability. This marked MicroStrategy’s third consecutive quarter of GAAP profitability and its fourth consecutive quarter of pro forma profitability.

Third quarter 2002 revenues were $33.4 million versus $36.8 million in the second quarter of 2002 and $41.4 million in the third quarter of 2001. Net income attributable to common stockholders for the third quarter of 2002, determined in accordance with Generally Accepted Accounting Principles (GAAP), was $37.4 million, or $0.18 per share on a diluted basis. Pro forma net income for the third quarter of 2002 was $1.0 million, or $0.08 per share on a diluted basis. Pro forma net income excludes restructuring and impairment charges, amortization of goodwill and intangible assets, loss on investments, amortization of the discount on notes payable, gains totaling $40.8 million attributable to the refinancing of MicroStrategy’s series B, C, and D preferred stock and the partial extinguishment of notes payable, and other non-recurring items. A reconciliation of GAAP to pro forma earnings is included in the attached financial exhibits.

“We’re pleased to report that we have once again achieved profitability, particularly during the challenging summer quarter,” said MicroStrategy President and CFO Eric Brown. “We also made significant improvements to our balance sheet through a preferred stock refinancing and maintained positive operating cash flow. We also generated $5.3 million in pro forma EBITDA for the third quarter and $19.0 million for the three quarters completed to date.”

“MicroStrategy has made remarkable progress strengthening itself financially during the last two years,” said MicroStrategy Chairman and CEO Michael J. Saylor. “We’re confident about our future and are expanding our sales force. We’re building on our technological leadership by enhancing our award-winning business intelligence platform with the latest release of MicroStrategy 7i, which has new features for financial reporting. Our impressive roster of customer deals this quarter demonstrates that we continue to win major business with leading companies and organizations worldwide.”

Highlights from Q3 2002

Signed Agreements with 21 Systems Integrators and OEMs (Original Equipment Manufacturers)

New partners include: Angoss Software Corporation, Asquare Global, LLC, AutomationOne, Inc., Born Information Services, Diversified Systems, Inc., e-Bank, LLC, General Technology, Inc., Honovi Solutions Inc., QuantiSense, Inc., Solution Builders, StrategyEdu, LLC and Weingartner Consulting.

Added 110 New Customers

New Customers and New Deals with Existing Customers in Q3 2002 Included: AdvancePCS, AmerisourceBergen, Alticor, Bull Moose Tube Company, Centers for Medicare and Medicaid Services, Cole National Corporation, Deutsche Lufthansa AG, El Corte Inglés, Federal Highway Administration, Garden Ridge, Interacciona, Katz Group, KeyBank, Liz Claiborne, Mixx Ltd., Nationwide Insurance, Pfizer, PPL Corporation, Prescription Solutions, RxWEST, Scottish Widows, Serpro, Siemens Business Services, Solucient, Thomas Cook AG, United States Department of Education, United States Postal Service, Universal Music Group, Verizon, Yamanouchi, Inc. and Zomax Incorporated.

Examples of Noteworthy Customer Deals from Q3 2002:

Liz Claiborne Inc.

Liz Claiborne Inc., a leading marketer and designer of apparel and accessories for women and men, purchased MicroStrategy software and services in the third quarter of 2002 to extend its business intelligence capabilities to over 200 employees within its wholesale division. With MicroStrategy technology, company employees will have the ability to dynamically examine retail sales information pertaining to product and classification performance, SKU level analysis, account/store performance and geographic analysis. This application will allow Liz Claiborne to refine future product lines, product assortments and retail account forecasts, and thereby improve customer intimacy.

AdvancePCS

In the third quarter of 2002, AdvancePCS, the nation’s largest provider of health improvement services, expanded its agreement with MicroStrategy for products and services that will enhance extranet applications for clients. AdvancePCS serves more than 75 million health plan members (approximately 1 in 4 Americans), links to nearly 60,000 pharmacies and manages $28 billion annually in health care expenditures.

Cole National Corporation

Cole National Corporation, a leading retailer of optical services with over 1,700 locations throughout North America and the Caribbean, purchased MicroStrategy software and services in the third quarter of 2002 to extend its business intelligence applications across the corporation. The application will enable the merchandising, finance, and field employees to perform detailed sales analysis over the web.

Solucient

Solucient, a leading provider of data-intensive, Internet-based tools in the health care field, licensed MicroStrategy software in 2002 to update and enhance Solucient’s suite of marketing and planning products. MicroStrategy enabled Solucient to meet both the product’s functional requirements and its very aggressive time-to-market objectives. Moreover, MicroStrategy was able to manage extremely large data sets — terabytes — which are characteristic of Solucient applications. The Company also provided strong analytic capabilities and a sophisticated web development API which allowed it to be integrated with other applications.

Serpro

Serpro, Brazil’s Federal Government IT Agency, renewed its commitment with MicroStrategy by purchasing additional software and services in the third quarter of 2002 in order to better service its customers. With MicroStrategy’s Web-based platform, Serpro’s customers (federal government organizations), with more than 800 end users, are able to access its several data warehouses with ease, and use the MicroStrategy platform to support decision-making at various strategic, tactical and operational levels within the organization. With MicroStrategy technology, Serpro expects to increase productivity, improve customer service and reduce costs.

Verizon

In the third quarter of 2002, Verizon purchased additional licenses from MicroStrategy to expand the reach of its MicroStrategy-based business intelligence application. End users of Verizon’s Network Metrics Portal will use MicroStrategy technology to analyze the information contained in its data warehouse in order to make better business decisions. Verizon Communications is one of the world’s leading providers of communications services.

MicroStrategy Further Expands the Capabilities of its Industrial-Strength Business Intelligence Platform

Earlier this year, MicroStrategy released its new, significantly enhanced version of its business intelligence software platform, MicroStrategy 7i. Winning high praise from customers and leading industry analysts alike, MicroStrategy 7i represents a technological breakthrough for the industry as it is the first truly integrated, 100-percent Web-based platform that puts a wide range of user functionality into a single business intelligence technology.

In the third quarter, MicroStrategy further expanded the capabilities of its business intelligence platform with the latest release of MicroStrategy 7i (7.2.1). Addressing the urgent industry need for transparent financial tracking and reporting, this latest release is designed specifically to meet the demanding new requirements for financial reporting and analysis imposed on business by new government mandates with highly sophisticated, yet easy-to-use features. These new features allow fast deployment of Web-based financial reporting systems — companies can deploy an operational system within 90-120 days rather than the usual 6-12 months. While other accounting systems provide only rudimentary reporting functionality, lack analytic breadth, and cannot provide interactive data analysis to a wide population of users, MicroStrategy 7i can drill down to the full depths of transactional data and perform automated fraud and anomaly detection.

MicroStrategy 7i can report on data contained in SAP, Oracle, J.D. Edwards, PeopleSoft, and Baan financial systems, as well as data in custom-developed financial applications, providing greater transparency without expensive modifications to these installed financial applications.

Finance Commentary

As previously announced, on August 6, 2002, the Company closed a refinancing transaction with all the holders of its Series B, Series C, and Series D preferred stock. This refinancing resulted in the elimination of approximately $13 million in preferred stock dividends that would otherwise have been due over the next 2 years. The refinancing resulted in a $36.1 million GAAP gain in Q3 2002; this gain has been excluded from the Q3 2002 pro forma results. As of October 24, 2002, all $21.0 million stated value of the Series F preferred stock issued in connection with this refinancing transaction has been converted into an aggregate of 1,397,174 shares of common stock.

On July 30, 2002, the Company effected a one-for-ten reverse stock split of its Class A Common Stock and Class B Common Stock. All references to shares and per share amounts are stated on a post-split basis.

Outlook and Financial Guidance Information

The following statements are subject to risks and uncertainties described at the end of this press release. Management guidance for 2002 supersedes any previously announced guidance as to the Company’s expectations for financial results for 2002.

Management offers the following guidance for the consolidated continuing operations of MicroStrategy, for the quarter ending December 31, 2002:

Revenue is expected to be in the range of approximately $35 to $39 million. Pro forma results of operations, excluding special items, are expected to range from breakeven to a profit of $2 million. Pro forma earnings per share, excluding special items and assuming a diluted weighted average share count, is expected to range from approximately breakeven to $0.15 per share. Average share count in the quarter using the diluted weighted average share count method is expected to be 13 to 14 million.

Management offers the following guidance for the full year 2003, which supersedes any previously announced guidance as to the Company’s expectations for financial results for 2003:

Consolidated revenue is expected to be in the range of $150 to $160 million. License revenue for 2003 is expected to increase by approximately 15% versus 2002. Pro forma results of operations, excluding special items, are expected to be a profit in the range of $15 to $20 million. Pro forma earnings per share, excluding special items and assuming a diluted weighted average share count of 14 to 15 million shares, is expected to range from approximately $1.00 to $1.40 per share. The Company expects to be profitable, on a pro forma basis, in each quarter of 2003. The Company also expects to have positive operating cash flow in each quarter of 2003.

To view the Consolidated Statement of Operations, Balance Sheets and other charts please visit: http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=mstr&script=410&layout=-6&item_id=349183.

About MicroStrategy Incorporated

Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.

Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.

Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the Company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

CompAir Deploys MicroStrategy for Strategic Sourcing Analysis

Selects MicroStrategy Over Brio, Business Objects and Cognos

McLEAN, Va., (October 23, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that CompAir, one of the world’s leading manufacturers of compressed air and gas systems, has successfully deployed the MicroStrategy Business Intelligence Platform(TM) in only four weeks. CompAir, with manufacturing facilities in North America, the United Kingdom, Continental Europe and China, selected MicroStrategy over Brio, Business Objects and Cognos in June of 2002 as the easiest business intelligence platform to customize, integrate and deploy for its rigorous strategic sourcing analysis.

Today, the strategic sourcing team at CompAir analyzes real-time, enterprise-wide information contained in an Oracle data warehouse. End users are able to easily run reports online and perform standard and ad hoc analyses aimed at reducing material costs associated with CompAir’s business.

“The single largest cost to our business is supplier expenditures,” said Mark Simmons, vice president of sourcing at CompAir. “With our MicroStrategy application, our strategic sourcing team is able to analyze supplier, commercial and technical information. The analyses drive a wide range of benefits such as supplier and component rationalization, thereby reducing direct material and other indirect costs by 10-15 percent. We’re taking advantage of the platform’s powerful analytics, tremendous reporting capabilities and user-friendly interface to help us to make better cost-cutting decisions.”

The supplier management application will also provide CompAir and third parties with online access to scorecards that post relevant supplier performance and CompAir order information. CompAir is now exploring the expansion of its MicroStrategy platform to other areas of the business, including sales order and operations management.

About CompAir

CompAir is one of the world’s leading manufacturers of compressed air and gas systems. The company has manufacturing facilities in the UK, Continental Europe, North America and China, with sales and service outlets in more than 95 countries worldwide.

CompAir’s compressors, equipment and services are in use across the globe, providing economic, clean, quality and reliable compressed air and gas for virtually every compressed air application from general industry, offshore, oil-free, construction, high pressure marine to gas compression. Its product ranges include rotary screw, oil-free, vane, piston and portable compressors, plus ancillary downstream products and services.

About MicroStrategy Incorporated.

Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.

Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.

Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.

This press release may include statements that may constitute “forward- looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; the Company’s ability to effect the sale of non-core assets on reasonable terms; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy