Category: Computer Software

Boise State University Receives Grant of MicroStrategy Software to Teach Technology Course

Will Teach Best Practices in Business Intelligence Using MicroStrategy Software

McLEAN, Va., (September 24, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Boise State University has received a grant of MicroStrategy product licenses for use in teaching best practices techniques in business intelligence in the classroom. The grant will be used in the University’s School of Applied Technology to teach a course that will examine the fundamental concepts and theories relevant to business and information technology professionals in data warehousing.

“We chose MicroStrategy for its award-winning technology platform and its leadership position in the business intelligence industry,” said Scott Hilpert, Adjunct Faculty member in the Networking, Operations and Information Systems Department at Boise State University. “The complete range of user functionality combined with sophisticated analytical capabilities make the MicroStrategy platform very attractive to students interested in learning all the aspects of designing, implementing and deploying data warehouse methodologies.”

This semester-long course will use MicroStrategy software and review competing data warehousing methodologies, best practice approaches and structures for planning and designing successful data warehouses, as well as project management pitfalls and success factors. The course will also examine data warehouse modeling, implementation and deployment techniques, as well as data quality planning.

“We are delighted to provide a leading educational institution with the tools required to help students learn the fundamentals of business intelligence and data warehousing technologies,” said Sanju K. Bansal, vice chairman and COO at MicroStrategy Incorporated. “As business and technology strategies become more aligned, today’s students and tomorrow’s leaders will need a much more comprehensive understanding of those technologies that are essential to running efficient business operations. Our platform can provide the foundation for excellence in business intelligence and we’re proud of our relationship with Boise State University.”

About Boise State University

Boise State is Idaho’s metropolitan university, located in the state’s population center and capital city, a hub of government, business, the arts, health care, industry and technology.

The university offers a variety of undergraduate, graduate and technical programs to serve the diverse needs of the area.

The university offers courses in eight colleges: Applied Technology, Arts and Sciences, Business and Economics, Education, Engineering, Graduate Studies, Health Sciences, and Social Sciences and Public Affairs.

In addition to its main campus located less than one mile from downtown Boise, the university operates education centers in Canyon County, Mountain Home Air Force Base, Gowen Field and Twin Falls. A new satellite campus — Boise State West in Canyon County — is in the construction stages.

The university delivers classes via the Internet, compressed video, microwave, cable, computer conferencing and radio. The university has an extensive evening program at both the undergraduate and graduate levels, and the summer session is the state’s largest.

Boise State is accredited by the Northwest Association of Schools and Colleges. Several individual programs are accredited by professional accrediting associations. Through all of its programs, Boise State University is fulfilling its commitment to the citizens of Idaho by providing quality teaching, research and public service.

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

Bavarian Universities More Effectively Allocate Resources With MicroStrategy Business Intelligence

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the University of Bamberg, the Technical University of Munich and the Bavarian State Ministry for Education, Research and Art rely on the MicroStrategy Business Intellige

McLean, Va., (September 16, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the University of Bamberg, the Technical University of Munich and the Bavarian State Ministry for Education, Research and Art rely on the MicroStrategy Business Intelligence Platform(TM) to access key information aimed at gaining critical education funding.

Universities across Bavaria compete for funding that is awarded on a performance basis, and these three institutions needed a secure, Web-based platform that could support a wide array of queries across their intranet and extranet environments. Today, they are able to run an unlimited number of queries against their MicroStrategy-based systems with ease. With the MicroStrategy platform, they can allocate resources more selectively, and thus, more efficiently.

End users of the universities’ data warehouse application are able to analyze student administration, human resources and financial assistance data as well as exam information. Deans, professors or committee members, for example, can determine the number of students enrolled in a particular subject, identify the financial resources available to a particular chair, or uncover the number of students that dropped out of a specific course in a given semester.

MicroStrategy technology gives university end users up-to-the-minute information, enabling them to react more quickly to trends and make better financial and planning decisions. In the future, the reach of the data warehouse solution will be extended to support research projects and allow interested citizens to access publicly available academic information. Furthermore, the Bavarian State Ministry for Education, Research and Art plans to extend the project to all nine Bavarian universities.

About the University of Bamberg

The University of Bamberg was founded in 1647. Approximately 7,000 students are currently enrolled in 47 programs across 7 departments. More than 120 professors and approximately 270 teaching and research assistants from more than 700 full-time employees are involved in the academic education. In 2001, a new department for business information systems and applied computer science was opened.

About the Technical University of Munich

The Technical University of Munich was founded in 1823. There are approximately 20,000 students enrolled in 50 programs across 12 departments. About 400 professors and more than 3,700 teaching and research assistants from an overall 9,600 full-time employees are involved in the academic education.

About the Bavarian State Ministry for Education, Research and Art

In Germany, each federal state is responsible for its educational policy. For that reason, the Bavarian State Ministry for Education, Research and Art is responsible for the management of higher education in nine universities, 17 universities of applied sciences, four universities of art and one university of film in Bavaria. Currently, there are approximately 220,000 students enrolled in all Bavarian universities.

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

Italian Department Store Chain La Rinascente Increases Productivity With MicroStrategy Technology

Optimizing Supply Chain Operations and Efficiency

McLEAN, Va., (September 10, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that its customer La Rinascente is using the MicroStrategy Business Intelligence Platform(TM) to perform sales and inventory analyses and optimize supply chain operations to enhance productivity. Milan-based La Rinascente is a leading department store chain with store locations across Italy.

“The MicroStrategy platform meets the needs of our complex retail environment with superior flexibility and ease-of-use,” said Alfredo Barbieri, manager of information systems at La Rinascente. “Our MicroStrategy-based system is truly innovative and has completely changed the way we leverage our data, allowing us to realize improvements in productivity and efficiency.”

With MicroStrategy technology, La Rinascente end users are able to track what has been sold and when to make timely business decisions. Buyers and sales managers, for instance, are able to easily analyze data in an online, secure environment and more effectively manage the shipment and delivery of products between La Rinascente’s suppliers and its store locations. La Rinascente is also distributing critical insight to its suppliers, thereby strengthening business performance and supplier relationships. End users, as a result, are optimizing efficiency by controlling inventory levels and analyzing detailed sales and discount information.

“The feedback from our end users has been very positive,” added Barbieri. Satisfied with the accomplishments of its MicroStrategy applications, La Rinascente plans to extend the reach of its MicroStrategy platform and roll out additional query and reporting capabilities to its end user community.

About La Rinascente

The Rinascente Group is today one of the largest retail trade firms in Italy with 1,358 sales outlets (under direct management, affiliated and associated), and approximately 30,000 employees. Investments totaling EUR 303 million and sales totaling EUR 5,543 million summarize the Group’s activities in the year 2000. The Rinascente Group is listed on the Italian Stock Exchange. Eurofind, a company shared by Ifil Spa and the French Group Auchan, which is one of the most prestigious large-scale retail trade firms in the world, holds the controlling stake in La Rinascente.

The Rinascente Group operates different store brands (including La Rinascente, Upim, SMA, Cityper, Punto Sma, Auchan), and manages 38 commercial malls under the brand name Galleria Auchan. It also has an online selection of fine foods (http://www.ioverrei.it) and an online site for apparel and household products (http://www.rinascente.it). For more information, please visit The Rinanscente Group’s site at http://www.rinascente.it.

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 Announces New Version of its 7i Business Intelligence Platform Tailored to Help Companies Implement Transparent Financial Reporting Systems

Exceptional Capabilities & Speed of Deployment

McLEAN, Va., (September 09, 2002) –

Addressing the urgent new industry need for transparent financial tracking and reporting, MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today unveiled a new version (7.2.1) of its MicroStrategy 7i (TM) platform designed specifically to meet the demanding new requirements for financial reporting and analysis imposed on business by new government mandates. MicroStrategy believes that its product contains the most sophisticated, yet easy-to-use features for this market.

“MicroStrategy’s new financial reporting features are specifically designed to help public companies, who now face new statutory requirements, get better visibility into their financial records and allow their officers to certify their statements with confidence,” said MicroStrategy’s Vice Chairman and COO Sanju Bansal. “Of no less importance, these new features allow very 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.”

Limitations of Existing Financial Reporting Systems

MicroStrategy underscored that some financial systems cannot provide the financial transparency needed to meet the requirements of new SEC rules and the new federal Sarbanes-Oxley statute. The company said that some accounting systems provide only rudimentary reporting functionality, lack analytic breadth, and cannot provide interactive data analysis to a wide population of users. MicroStrategy also noted that existing budgeting and planning applications offered by Hyperion and Cognos are unable to drill down to the full depths of transactional data and cannot perform automated fraud or anomaly detection.

New Financial Reporting Capabilities in MicroStrategy 7i

The latest release of MicroStrategy’s 7i platform includes new financial report presentation and analytical features that support:

* Delivery of GAAP-compliant reports that can replace those typically produced manually by finance or accounting.
* Delivery of additional business reports that allow managers at all levels to focus on the performance of their organization, view trends, and spot financial anomalies.
* Seamless drill down from summary reports to the lowest level of transaction or journal entry.
* Analysis of the accounting treatment of all transactions.
* Production of highly formatted financial reports.
* Access by hundreds or thousands of users with the highest levels of data security.
* Automatic data mining for anomaly detection and proactive alerts to specified individuals whenever an anomaly is detected.

The system can also be easily modified and extended to meet expanding reporting and data requirements. Summary and detailed reports are broken into seven main areas of analysis, specifically:

1) Accounts Receivable

2) Accounts Payable

3) Balance Sheet

4) Profit and Loss Statements

5) Costs/Expenses

6) Revenues & Forecasts

7) Planning & Forecasting

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.

MicroStrategy Partners Praise MicroStrategy 7i’s New Financial Features

“MicroStrategy 7i’s new features provide businesses with tools they need to be vigilant about their financial data,” said Richard Skriletz, National Managing Principal for Business Intelligence and Data Warehousing at RCG Information Technology, Inc (www.rcgit.com). “With the system, companies can consolidate all financial data into a consistent information warehouse; put many more eyes on the data; deliver live reports that allow users to drill to the lowest level of detail at any time; and proactively scour their databases for financial anomalies.”

Doug Slemmer, President of IOLAP, a business intelligence consulting firm (www.iolap.com), pointed to a new survey (by Cap Gemini Ernst & Young and CFO Research Services and reported in Information Week) that found that more than six in 10 CFOs complain that “their budgeting, forecasting and decision-support systems are inadequate or insufficiently integrated.” He added: “With the CEOs and CFOs of all public companies now required to certify their financial reports, the obligation to monitor the accuracy of financial data is more critical than ever.”

For more information, please visit

http://www.microstrategy.com/financial_quicktour.

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.

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

Source: MicroStrategy

Tags: MicroStrategy

Marcus Corporation Enhancing Business Performance with MicroStrategy Software

Strengthening Guest Relationships at Baymont Inns & Suites and Marcus Theaters Across U.S.

McLean, Va., (September 04, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that The Marcus Corporation (NYSE: MCS), a leader in the lodging and entertainment industries, is using MicroStrategy software to anchor several business intelligence applications. Headquartered in Milwaukee, Wis., The Marcus Corporation’s limited service lodging division operates or franchises 186 Baymont Inns & Suites in 31 states and seven Woodfield Suites in Illinois, Wisconsin, Colorado, Ohio and Texas.

“We chose MicroStrategy over Cognos and Business Objects because of the platform’s built-in security, Web-based architecture, and ease-of-use,” said Kim Lueck, Director of Technology at Marcus Corporation. Knox Huff, Director of Revenue Management for Marcus Corporation’s Baymont Inns & Suites Division said, “MicroStrategy lets our managers access their hotel or guest data in minutes. We can make comparisons against data five years back or 90 days forward, and we are receiving excellent customer relations management information.”

“How much value can you place on tracking your frequent stay guests?” added Lueck. “Our MicroStrategy-based system has simplified the process of identifying our corporate accounts, groups, and our business and leisure guests. We are now well-positioned to make decisions that strengthen our guest relationships and our business performance.”

End users of the MicroStrategy-based reporting application are able to view flash reports on critical data – such as occupancies, average rates, revenue per available room and future booking information – on a property basis or by selected groups of properties.

Baymont’s Guest Ovations Program application lets end users know the travel patterns and preferences of their most loyal guests. With this insight, Baymont is able to communicate with them to make attractive offers and to obtain valuable customer feedback on products, amenities and services.

In addition, hotel management can track room sales volume from major accounts with the National Accounts and Corporate Tracking application. The MicroStrategy platform also anchors a business intelligence application that tracks ticket sales by theatre, film or ticket type, for all of Marcus’ theatre properties.

About Marcus Corporation

Headquartered in Milwaukee, Wis., The Marcus Corporation is a leader in the lodging and entertainment industries. The company’s limited service lodging division operates or franchises 186 Baymont Inns & Suites in 31 states and seven Woodfield Suites in Illinois, Wisconsin, Colorado, Ohio and Texas. Marcus Theatres owns or manages 490 screens at 47 locations in Wisconsin, Ohio, Illinois and Minnesota, and one family entertainment center in Wisconsin. Marcus Hotels and Resorts owns or manages 11 hotels and resorts in Wisconsin, California, Minnesota, Missouri and Texas, and one vacation club in Wisconsin. For more information, visit the company’s Web site at http://www.marcuscorp.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

Northeast Companies Selecting MicroStrategy Software

35 Sales in 2002â??s First Half â?? Worth Over $5 Million

McLEAN, Va. (August 28, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTRD), a leading worldwide provider of business intelligence software, today announced that in the first half of 2002 it secured 35 new sales in the Northeast region with companies that will use its MicroStrategy Business Intelligence Platform(TM) to help “drive efficiency, productivity and customer relations.” These sales (in NY, NJ, PA, RI, CT and DE) were to both new and existing customers who collectively licensed and purchased more than $5 million in MicroStrategy software and services. These customers include such diverse companies as Bed, Bath & Beyond Inc., CVS, Esteé Lauder, Foot Locker, Inc., J.P. Morgan Chase, Keyspan Corporation, Liz Claiborne, Metropolitan Life, PPL Corporation, TeleSpectrum Worldwide Inc., The Penn Traffic Company and Waterford Wedgwood.

“With the MicroStrategy platform, KeySpan is able to ensure homeowners and businesses throughout New York have enough energy to heat their homes and offices and run their hot water heaters,” said Joan Hughes, section manager, IT sales, marketing and corporate data warehouse at KeySpan. “MicroStrategy provides the analytical capabilities and world-class system availability we need for our mission-critical business intelligence applications.” KeySpan Corporation (NYSE: KSE) is the largest distributor of natural gas in the Northeast, with 2.5 million gas customers and more than 12,000 employees. KeySpan is also the largest investor-owned electric generator in New York State and operates Long Island’s electric system serving 1.1 million customers.

“Our success in generating new business in the Northeast demonstrates the wide utility and broad capabilities of MicroStrategy’s business intelligence software,” said Sanju Bansal, MicroStrategy’s Vice Chairman and COO. “Our enterprise-class software offers companies the capability to make fuller use of their data, to gain vital new intelligence from it, and to make proactive decisions that can drive efficiency, productivity and customer relations.”

MicroStrategy’s Success with Top Companies Worldwide

According to the 2002 Fortune 500® listing of top domestic companies, MicroStrategy customers include four of the top five diversified financial companies, four of the top five commercial banks, and seven of the top ten pharmaceutical companies. In the Fortune 2002 Global 500 list, MicroStrategy boasts as customers eight of the top ten telecommunications companies and six of the top ten automotive companies. Additionally, in a report on the “Top 200 Global Retailers” by Deloitte Touche Tohmatsu and STORES Magazine, six of the top ten retail organizations listed are MicroStrategy customers.

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, Compaq, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTRD. 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.

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

Source: MicroStrategy

Tags: MicroStrategy

California Companies Choosing MicroStrategy Software

California Sales in First Half of 2002 Up More than 60% From 2001’s Second Half

McLEAN, Va., (August 23, 2002) –

MicroStrategy® Incorporated (Nasdaq: MSTRD), a leading worldwide provider of business intelligence software, today announced that in the first half of 2002 it secured 40 new deals in California with companies that will use its MicroStrategy Business Intelligence Platform(TM) to help “drive efficiency, productivity and customer relations.” These deals were both to new and existing customers who collectively purchased more than $3 million in MicroStrategy software and services in the first six months of 2002, up from $1.8 million in the second half of 2001. Customers include such diverse companies as 21st Century Insurance, ePredix, First Franklin Financial Corp., Harmonic Communications, ProcessClaims and Yahoo! Inc.

“We selected MicroStrategy for its leadership in the business intelligence marketplace, as well as the intuitive reporting, analysis and information delivery capabilities of its platform offering,” said Harmonic Communications’ CTO Adam Block. “Harmonic’s core analytic capabilities rely on being able to extract insight from large amounts of disparate data in the underlying data warehouse, and to create both standard and custom reports quickly according to client needs.” Harmonic Communications is a global provider of marketing and media optimization software and services.

“Our growing success in generating new business in California demonstrates the wide utility and broad capabilities of MicroStrategy’s business intelligence software,” said Sanju Bansal, MicroStrategy’s Vice Chairman and COO. “Our enterprise-class software offers companies the capabilities to make much fuller use of their data, to gain vital new intelligence from it, and to make proactive decisions that can drive efficiency, productivity and customer relations.”

MicroStrategy’s Success with Top Companies Worldwide

According to the 2002 Fortune® listing of top domestic companies, MicroStrategy customers include four of the top five diversified financial companies, four of the top five commercial banks, and seven of the top ten pharmaceutical companies. In the Fortune 2002 Global 500 list, MicroStrategy boasts as customers eight of the top ten telecommunications companies and six of the top ten automotive companies. Additionally, in a report on the “Top 200 Global Retailers” by Deloitte Touche Tohmatsu and STORES Magazine, six of the top ten retail organizations listed are MicroStrategy customers.

About MicroStrategy

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, Compaq, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTRD. 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.

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

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Announces Intention to Extend Platform to Run on Sun Solaris(TM) 9 Operating System

MicroStrategy® Incorporated (NASDAQ: MSTRD), a leading worldwide provider of business intelligence software, today announced its intended support for the Solarisâ?¢ 9 Operating Environment, Sun Microsystemsâ?? (Nasdaq: SUNW) latest update to its UNIX® operating system

McLEAN, Va., (August 19, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTRD), a leading worldwide provider of business intelligence software, today announced its intended support for the Solaris(TM) 9 Operating Environment, Sun Microsystems’ (Nasdaq: SUNW) latest update to its UNIX® operating system. MicroStrategy expects to make its MicroStrategy 7i(TM) business intelligence platform available on Solaris 9 platform, enabling organizations using this operating system to gain vital insight from their data — helping them proactively enhance cost-efficiencies, productivity and customer relations and optimizing their revenue-generating strategies.

“We’re excited about MicroStrategy’s move to make MicroStrategy 7i available on Solaris 9,” said Andy Ingram, vice president, Solaris marketing for Sun Microsystems. “Solaris 9 is receiving broad support from our partners and customers as the platform continues to deliver the security, manageability and performance that enterprises require to increase IT service levels. With the availability of MicroStrategy 7i on Solaris 9, customers will be able to take immediate advantage of business intelligence functionality on the leading operating environment.”

“This will be a very significant technological milestone for MicroStrategy,” said Sanju K. Bansal, vice chairman and chief operating officer of MicroStrategy Incorporated. “The new release is expected to help further boost our already impressive customer base.”

The first phase of this effort was completed in the fourth quarter of 2000 with the release of the Java(TM)-based version of the MicroStrategy Software Development Kit (MicroStrategy SDK(TM)), which is certified to run with the Sun ONE Web Server.

MicroStrategy expects to deliver its award-winning Web-based functionality directly on the Solaris platform later this year. The thousands of organizations that rely on Sun’s leading UNIX platform will then be able to leverage their existing infrastructures to provide business intelligence applications with improved flexibility and performance.

To complete this effort, MicroStrategy intends to release a Solaris OE version of its MicroStrategy Intelligence Server(TM) early in 2003. Sun has greatly assisted MicroStrategy by providing co-engineering, and technical consulting services for the on-going project.

About MicroStrategy

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, Compaq, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTRD. 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.

Sun, the Sun logo, Sun Microsystems, Solaris and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. UNIX is a registered trademark in the United States and other countries, exclusively licensed through X/Open Company, Ltd.

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 solve the inherent technical issues involved in modifying its MicroStrategy 7i software on a timely basis so that it will compatible with the Sun Solaris 9 operating system in the periods indicated; 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 SDK, 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

Roche Italy Selects MicroStrategy Business Intelligence Platform

Leading Global Pharmaceutical Company Uses MicroStrategy to Analyze and Distribute Information to its Divisions Throughout Italy

McLean, Va., (August 08, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTRD), a leading worldwide provider of business intelligence software, today announced that Roche Italy, a subsidiary of the Roche Group, selected the MicroStrategy Business Intelligence Platform(TM) to analyze and distribute data throughout Italy. The Roche Group, one of the world’s leading research-based healthcare companies active in more than 150 countries, provides products and services that address the prevention, diagnosis and treatment of disease.

Of strategic importance to Roche Group was MicroStrategy’s ability to provide analytical customer relationship management (CRM) capabilities to all user levels throughout the organization via a single, integrated platform.

“We are pleased to be working with a pharmaceutical industry leader like Roche,” said Andrea Delvò, managing director of MicroStrategy Italy. “The MicroStrategy platform provides Roche Italy with immediate access to accurate marketing and customer information, resulting in more effective decisions that drive efficiency and profitability.”

Roche Spain recently selected MicroStrategy to analyze and distribute mission-critical sales and profit information to its employees.

About Roche

Headquartered in Basel, Switzerland, Roche is one of the world’s leading research-oriented healthcare groups in the fields of pharmaceuticals, diagnostics and vitamins. Roche’s products and services address prevention, diagnosis and treatment of diseases, thus enhancing well-being and quality of life.

About MicroStrategy

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, Compaq, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTRD. 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.

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 Closes Previously Announced Preferred Stock Restructuring

MicroStrategy® Incorporated (NASDAQ: MSTRD), a leading worldwide provider of business intelligence software, today announced that it has closed its previously announced preferred stock restructuring.

MCLEAN, Va., (August 07, 2002) –

MicroStrategy® Incorporated (NASDAQ: MSTRD), a leading worldwide provider of business intelligence software, today announced that it has closed its previously announced preferred stock restructuring.

“By closing this transaction, we complete an important balance sheet restructuring that we believe is beneficial to holders of our common stock. Our capital structure is now simplified and easier for investors to understand and we have removed a significant source of uncertainty relating to potential future dilution,” said MicroStrategy’s President and Chief Financial Officer, Eric Brown.

On July 30, 2002, MicroStrategy entered into agreements with all of the holders of its Series B preferred stock, Series C preferred stock and Series D preferred stock, pursuant to which MicroStrategy agreed to redeem or exchange all of its outstanding Series B, Series C and Series D preferred stock totaling $75.5 million in stated value. The agreements provided that if the holders converted any shares of preferred stock prior to closing, the number of shares of common stock to be issued at closing would be reduced by the number of shares issued in the conversion. Holders of the preferred stock converted $32.825 million stated value of Series B preferred stock, $24.145 million stated value of Series C preferred stock and all $14.511 million stated value of Series D preferred stock into an aggregate of 695,318 shares of MicroStrategy’s Class A common stock.

As a result of these conversions, MicroStrategy issued the following consideration in redemption and exchange of the remaining outstanding shares of Series B and Series C preferred stock:

* $10 million in cash;
* $5 million in promissory notes which bear interest at a rate of 7.5% per annum, payable semi-annually;
* 697,728 shares of Class A common stock; and
* $20.96 million stated value of Series F preferred stock.

As a result of closing this restructuring, there is no longer any outstanding Series B, Series C, or Series D preferred stock. The $20.96 million stated value of newly issued Series F preferred stock is convertible into Class A common stock at a fixed conversion price of $15.00 per share, resulting in a total of 1,397,174 shares of common stock issuable upon the conversion of the Series F preferred stock. The conversion price is not subject to any resets or other adjustments (other than with respect to stock splits and similar transactions). The Series F preferred stock has a two-year maturity and will not pay dividends. At maturity, the Series F preferred stock mandatorily converts into common stock at the fixed conversion price of $15.00 per share. As part of the transactions, the preferred holders have agreed to certain trading limitations on the common stock issued in the exchange until the first anniversary of the closing or the occurrence of certain specified events.

About MicroStrategy

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, Compaq, and JD Edwards.

MicroStrategy is listed on Nasdaq under the symbol MSTRD. 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 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