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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: January 19, 1999
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PLATINUM technology International, inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-19058 36-3509662
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1815 South Meyers Road, Oakbrook, Illinois 60181
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (630) 620-5000
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Item 5. Other Events.
On January 8, 1999, the Registrant issued the press release attached as Exhibit
99.1 to announce its name change and certain internal corporate structural
changes. The information contained in the press release is incorporated herein
by reference.
Item 7. Financial Statements, Pro Forma
Financial Information and Exhibits.
(c) Exhibits
99.1 Press Release dated January 8, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PLATINUM technology International, inc.
Dated: January 19, 1999 By: /s/ Larry S. Freedman
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Larry S. Freedman
Senior Vice President and General Counsel
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EXHIBIT INDEX
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Exhibit No. Exhibit
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99.1 Press Release dated January 8, 1999
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EXHIBIT 99.1
PLATINUM technology Changes Name to
PLATINUM technology International, inc.
OAKBROOK TERRACE, Ill--Jan. 8, 1999--PLATINUM technology, inc. (NASDAQ:PLAT)
today announced that it has changed its name to PLATINUM technology
International, inc. The name change is part of certain internal corporate
structural changes at the company. As a result of these changes, PLATINUM will
own all of its assets and conduct all of its business through wholly owned
direct and indirect subsidiaries. The corporate structural changes have been
made to reflect the company's global focus and to provide greater operational
flexibility, as well as allow for more efficient tax planning in the future.
Neither the company's capitalization nor its daily business operations will be
affected.
Domestic operations will be conducted through a subsidiary retaining the name
"PLATINUM technology, inc." PLATINUM's common stock will continue to trade on
the Nasdaq National Market under the symbol "PLAT".
PLATINUM's stockholders are not required to take any action in connection with
the reorganization or name change.
About PLATINUM technology International, inc.
PLATINUM technology International, inc., headquartered in Oakbrook Terrace,
Illinois, had 1997 revenues of $739 million. PLATINUM provides software and
services that help IT organizations manage and improve the IT infrastructure.
Solutions include database and systems management, data warehousing and decision
support, application lifecycle, Internet commerce, and year 2000 reengineering.
Safe Harbor Provision:
This press release contains "forward-looking statements" regarding the expected
benefits of the reorganization. These statements reflect PLATINUM's current
beliefs and are based on information currently available to PLATINUM.
Accordingly, these statements are subject to known and unknown risks,
uncertainties and other factors that could cause the actual benefits to PLATINUM
of the reorganization, and PLATINUM's results and performance, to differ from
those expressed in, or implied by, these statements. These risks, uncertainties
and other factors, include the possibility of changes in state tax laws, rules
and regulations and interpretations thereof; PLATINUM's ability to develop and
market existing and acquired products for the IT infrastructure market;
PLATINUM's ability to successfully integrate its acquired products, services and
businesses and continue its acquisition strategy; risks related to Year 2000
challenge; PLATINUM's ability to adjust to changes in technology, customer
preferences, enhanced competition and new competitors in the IT infrastructure
and professional services markets; currency exchange rate fluctuations,
collection of receivables, compliance with foreign laws and other risks inherent
in conducting international business; risks associated with conducting a
consulting services business; the risk of product bugs; general economic and
business conditions, which may reduce or delay customers' purchases of
PLATINUM's products and services; charges and costs related to acquisitions; and
PLATINUM's ability to protect its proprietary software rights from infringement
or misappropriation, to maintain or enhance its relationships with relational
database vendors, and to attract and retain key employees. PLATINUM is not
obligated to update or revise these forward-looking statements to reflect new
events or circumstances or otherwise.
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Contact:
For Press Inquiries:
PLATINUM technology, inc.
Rebecca Nahas, 630/691-0466
[email protected]
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or
For Investor Inquiries:
PLATINUM technology, inc.
Maria McAuslan, 630/691-0771
[email protected]
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