Date Posted: 1/13/2002
SunGard Antitrust Case Appeal Dismissed
SOURCE: SunGard
WAYNE, Pa.--(BUSINESS WIRE)--Dec. 12, 2001--SunGard (NYSE:SDS - news), a global leader in integrated IT solutions and eProcessing for financial services and in availability services, announced today that the U.S. Department of Justice has dropped its appeal of the antitrust case won by SunGard last month.
On November 14, 2001, the U.S. District Court for the District of Columbia ruled in SunGard's favor in the antitrust suit brought by the Department of Justice seeking to block SunGard's purchase of the Availability Solutions business of Comdisco, Inc. On November 15, 2001, the transaction closed, following denial by the U.S. Circuit Court of Appeals for the District of Columbia of the Justice Department's request to delay closing pending appeal. Today, the Department of Justice has moved to dismiss its appeal, formally ending the case.
About SunGard
SunGard (NYSE:SDS - news) is a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at www.sungard.com.
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Contact:
SunGard
Media: Brian Robins, 650/377-3897
or
Investors: Madeline Hopkins, 610/341-4357
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