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Ei Dynamics Sky



Date Posted: 4/16/2003

SunGard Announces Departure of Robert Greifeld to Become NASDAQ CEO

 
 
News) announced today that Robert Greifeld, executive vice president of the Company, will leave SunGard to take the post of chief executive officer of NASDAQ (OTCBB:NDAQ - News), effective May 12, 2003.

Cristobal Conde, president and chief executive officer, stated, "NASDAQ chose the very best candidate when they chose Bob Greifeld. On behalf of the board, management team, and employees, I want to thank Bob for his many contributions to SunGard, and wish him the best of luck in his new position."

"SunGard's long-standing focus on execution and management precision has resulted in a strong management team with great bench strength. Our history of growth and profitability has been a product of sound management throughout the organization," Mr. Conde added.

About SunGard

SunGard is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. SunGard is a member of the S&P 500 and has annual revenues of more than $2 billion.

Visit SunGard at www.sungard.com.

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995

Statements about SunGard's outlook and all other statements in this release other than historical facts are forward-looking statements. These statements are subject to risks and uncertainties that may change at any time, and, therefore, actual results may differ materially from expected results.

Forward-looking statements include information about possible or assumed future financial results of the company and usually contain words such as "believes," "intends," "expects," "anticipates," or similar expressions. The company derives most of its forward-looking statements from its operating budgets and forecasts, which are based upon many detailed assumptions.

While the company believes that its assumptions are reasonable, it cautions that there are inherent difficulties in predicting certain important factors, such as: the effect of general economic conditions on information technology spending levels, trading volumes and services revenues; the overall condition of the financial services industry and the effect of further consolidation among financial services firms; the effect of war, terrorism or catastrophic events; the timing and magnitude of software sales; the timing and scope of technological advances, including those resulting in more alternatives for dedicated availability services; the integration and performance of acquired businesses, including the availability services business of Guardian iT plc, acquired on July 1, 2002; the satisfaction of conditions to closing of pending acquisitions; the prospects for future acquisitions; the ability to retain and attract customers and key personnel; and the ability to obtain patent protection and avoid patent-related liabilities in the context of a rapidly developing legal framework for software and business-method patents.

The factors described in this paragraph and other factors that may affect SunGard, its business or future financial results, as and when applicable, are discussed in the Company's filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2002, a copy of which may be obtained from SunGard without charge.

The company assumes no obligation to update this document as a result of new information or future events.



--------------------------------------------------------------------------------
Contact:
SunGard
Investors:
Madeline Hopkins, 610/341-4357
or
Media:
Brian Robins, 650/377-3897
Internet: www.sungard.com



--------------------------------------------------------------------------------
Source: SunGard
 
 


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