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Microsoft .NET Is Named Best Program Development Platform in Financial Industry By Waters Magazine

Posted on: Tuesday, 7 December 2004, 09:00 CST

REDMOND, Wash., Dec. 7 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced that Microsoft(R) .NET has been named the best program development platform in the financial industry, by the editors of Waters magazine. Waters magazine provides in-depth coverage of financial market data and technology. In recognizing Microsoft, Waters noted that Microsoft .NET balances the competing issues of openness, time to market, security and long-term support. This is the second consecutive year that Microsoft .NET has been recognized by Waters magazine.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )

"This year, the editors of Waters chose Microsoft .NET as the best program development platform in the financial industry. Microsoft's improved infrastructure provides support, manages patches and upgrades, and addresses security issues promptly," said Phil Albinus, editor of Waters magazine. "By adopting .NET, organizations can leverage their previous investment in technology and move forward with the latest technology."

"This award is yet another example of how Microsoft is committed to the securities and capital markets industry," said Kenny McBride, Global Industry Manager for Securities and Capital Markets at Microsoft. "Our partners and customers realize that .NET is the technology that can move the industry forward while enabling them to leverage existing investments."

"Microsoft is deserving of this recognition by Waters," said Don Wood, chief operating officer for SunGard Trading and Risk Systems Inc. "Some of our leading solutions are based on Microsoft .NET because .NET provides faster time to market, which enables us to deliver business solutions to our customers more rapidly than other platforms."

"It does not come as a surprise to NASDAQ that Microsoft has won this award for the second year," said J. Fred Maples, director of software engineering for NASDAQ.com. "For NASDAQ, security and reliability are a constant concern. Microsoft's solutions helped NASDAQ.com meet our goals to increase dependability, strengthen security, reduce costs and improve service to users."

About Microsoft in Financial Services

Microsoft is a leading provider of software products and technology to the financial services industry. Its customers operate in every area of retail banking, insurance and pensions, and the financial markets. Microsoft focuses on providing the security technologies, scalability and reliability that the financial enterprise requires. Through Microsoft .NET, the Extensible Markup Language (XML) Web services platform, Microsoft helps customers act on information anytime, anyplace and from any smart device.

Working with leading software vendors and systems integrators in the banking and insurance industries, Microsoft supports financial institutions in re-engineering core business operations, achieving straight-through processing (STP), better managing all aspects of risk and capital adequacy, increasing efficiency in branch banking operations, and establishing a new generation of telephone- and Internet-based financial services channels.

About Microsoft

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

NOTE: Microsoft is a registered trademark of Microsoft Corp. in the United States and/or other countries.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com

Microsoft Corp.

CONTACT: press only, Angela Clegg of SS+K, +1-425-201-2050, oraclegg@ssk.com, for Microsoft

Web site: http://www.microsoft.com/

Source: PRNewswire-FirstCall

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