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Sapura

The Star 21/3/00 - Sapura Group, through its subsidiary, Sapura Systems Malaysia Sdn Bhd, has signed a partnership agreement with California-based Network Appliance Inc to increase its range of solutions in network storage and Internet infrastructure. Network Appliance has been a provider of data-aceess solutions since 1992, and among its largest customers are Texas Instruments, Motorola and Ericsson. Under the deal, Sapura will distribute network-attached data- access and Internet-caching solutions from Network Appliance for various industries. The company hopes to earn a revenue of about RM10mil this year from selling Network Applliance solutions and services, said Shukor Karim, executive vice-president of Sapura Group's IT Business Unit. So far, five customers have been signed up, he said, but did not provide the names of the local companies.

The Star 15/3/00 - Sapura Telecommunications Bhd is positioning itself to be a one-stop centre for the provision of network infrastructure to companies wishing to venture into Internet and e-commerce business (possible local rival Renong). The company has teamed up with many large foreign partners over the years to provide the network infrastructure and solutions for building portals, e-commerce and anything to do with the Internet. Sapura group (IT business unit) executive vice-president Shukor Karim said the government had given Sapura a good headstart to act as an enabler for IT companies and this would only be justified if Sapura exported its expertise to earn revenue from abroad. Sapura provides solutions to many hotels from Korea to Guam and on to Dubai, besides other solutions that it provides to many countries such as Pakistan, Sri Lanka, Hong Kong, Indonesia and China. Sapura yesterday signed another partnership agreement with Nasdaq-listed Network Appliance Inc of the United States to distribute data access and Internet caching solutions. Sapura already provides cutting edge high-performance networkded storage and Internet infrastructure products and services to its Internet service providers (ISPs) and enterprises across all major industries. "With a current portfolio of storage management and network switching solutions, the tie-up with Network Appliance creates an edge for Sapura to be positioned as a total provider in this solution segment", Shukor said. The deal with Network Appliance would generate sales of RM10mil this year. Network Appliance, a veteran in network file serving and caching, has been providing data access solutions since 1992 and is a member of both S&P 500 and Nasdaq 100. It is also listed on the Fortune E-50 list. Major corporations and ISPs including Lycos, Yahoo, Citicorp Securities, Siemens, Lockheed, Cisco, Motorola and Texas Instruments have used NetApp solutions.

For the financial year ended January 31, 2000, Sapura's IT unit recorded sales of about RM300mil. This figure is expected to grow now that Sapura is poised to take advantage of the Internet which offers abundant opportunities. On the e-government (generic office environment or GOE) flagship project which Sapura is working on, Shukor said this would be completed by May this year.

Sapura Telecommunications is 38% owned by Uniphone Bhd and 11% by Sapura Holdings.

The Time Engineering Bhd group owes Sapura some monies and after the Time dotCom restructuring, Sapura will end up with a 2.5% stake in that company.

Sin Chew 14/3/00 - Daiichi announced its contract with Malaysia Government to set up government-to-consumer portals facilitating various payments from consumers to government departments; (stage one) electricity bill (TNB), telephone bill (Telekom), payment for driving licence renewals, (stage two) payments to Immigration Department, water bill, and etc. Firm set up to implement this portal is myEGdot.com Sdn Bhd in which Daiichi has 30% stake, Sapura 15%, Technochanne 35% and Asia Online 20%. The combine stake of Daiichi and Asia Online is 50% and Asia Online owns 50.04% of Daiichi. Back in 1997 there had been Letter of Intent for the plan of setting up this portal. Contract period 20 years, renewal to additional 5 years.

The Star 1/3/00 - It clarified that the disposal of 2.725 million shares by Sapura was made to employees following swap agreements with certain employees upon achieving certain profitability targets.