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EXHIBIT 99.1
FOR MORE INFORMATION:
INVESTORS: MEDIA:
Ken Saunders Melinda Bateman
Chief Financial Officer PR Manager
HNC Software Inc. HNC Software Inc.
(858) 799-8260 858.799.3880
HNC ANNOUNCES ADJUSTED CONVERSION PRICE OF $9.98
FOR ITS CONVERTIBLE NOTES
SAN DIEGO, SEPTEMBER 26, 2000 -- HNC Software Inc. (Nasdaq: HNCS) today
announced that the conversion price of its outstanding $16,452,000 4.75%
Convertible Notes (the "NOTES") has been adjusted to $9.98 as a result of HNC's
dividend of its shares of Retek Inc. common stock scheduled to be paid on
September 29, 2000. This adjustment was effected automatically under the terms
of the indenture governing the Notes. As a result of this adjustment, the Notes
are now convertible into an aggregate of 1,648,497 shares of HNC common stock.
The original conversion price was $44.85. Please see the press release dated
August 7, 2000 for more details on the Retek Dividend.
ABOUT HNC SOFTWARE INC.
Headquartered in San Diego, California, HNC Software Inc. is a leading
provider of predictive software solutions for service industries, including
financial, insurance, telecommunications, and e-commerce. HNC's suite of
predictive software solutions can provide real-time insight into customer
relationships based on transaction-level data, helping companies manage their
relationships with individual customers. By accurately predicting customer
behaviors, these companies can create initiatives to mitigate risk and
attrition; improve customer service; develop marketing programs to enhance
profitability; and detect fraudulent customer transactions. For more
information, visit HNC's Web site at www.hnc.com or contact Melinda Bateman, HNC
Software Inc., 5935 Cornerstone Court West, San Diego, CA 92121, (858) 799-3880.
