Dow Jones & Company Chooses Datastream 7i for Improved Asset Performance in Multiple Production Facilities.Business Editors/High-Tech Writers GREENVILLE, S.C.--(BUSINESS WIRE)--May 13, 2003 Worldwide Publisher of Business News and Information Including The Wall Street Journal Deploys Datastream 7i across 18 Locations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Datastream Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DSTM DSTM Dual Stack Transition Mechanism DSTM Differential Space-Time Modulation DSTM Don't Shoot the Messenger, Inc (Milton, Ontario, Canada) DSTM Directorate of Science, Technology and Medicine DSTM Department Store Type Merchandise ) today announced that Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ) is in the process of configuring and installing the Datastream 7i Web-architected enterprise asset management (EAM (1) (Enterprise Asset Management) The management and control of the information technology assets within the enterprise. The asset management repository includes a description of the asset as well as contract information pertaining to its acquisition. ) solution. Dow Jones is using Datastream 7i(TM) to standardize maintenance and optimize the performance of capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) across multiple production facilities located in the United States. Dow Jones publishes the world's most vital business, financial and economic news, including The Wall Street Journal with paid circulation of more than 1.8 million, and Barron's, the premier financial weekly in the United States. The company is deploying Datastream 7i to help reduce plant downtime and increase operational efficiency. "We will use Datastream 7i for a variety of reasons, first and foremost to improve and standardize the maintenance activities in our production sites," said Michael F. Sheehan, vice-president of production for The Wall Street Journal. Dow Jones selected Datastream 7i for its ability to meet business requirements, history of deployment success and Web architecture. Its multi-site capabilities will facilitate the transfer of asset and maintenance information across the Dow Jones facilities, because all maintenance employees will be working from the same central database. Datastream 7i allows for the use of key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. (KPIs), presented as simple HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. graphics via Web services technology, providing executives with at-a-glance information on operational performance. Datastream 7i's multi-site deployment capability also enables cross-facility inventory optimization. For example, if one site is short on parts, user's can check to see if the part is available from another location before submitting a rush order with a vendor. "Publishers such as Dow Jones & Company have some of the most demanding uptime requirements of any industry; there is absolutely no room for delay when producing time-sensitive publications such as The Wall Street Journal," said Larry Blackwell, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Datastream. "With Datastream 7i, companies can standardize their processes across the enterprise, improve asset performance and minimize the expense of downtime." About Datastream Systems, Inc. Datastream Systems, Inc. (NASDAQ: DSTM) provides Asset Performance Management software and services to enterprises worldwide, including more than 60 percent of the Fortune 500. Datastream's solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance. By using Datastream's solutions, customers can maintain and manage capital assets - such as manufacturing equipment, vehicle fleets and buildings - and create analyses and forecasts so they can take action to improve future performance. Datastream's flagship product, Datastream 7i, delivers a complete Asset Performance Management infrastructure by combining an Internet architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability. Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit www.datastream.net. About Dow Jones & Company In addition to publishing The Wall Street Journal and its international and online editions and Barron's, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes Far Eastern Economic Review, Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. Datastream and Datastream 7i are marks of Datastream Systems, Inc. or its subsidiaries. All other products or Company names mentioned are used for identification purposes only and may be trademarks of their respective owners. This press release contains forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to: increasing competition in the markets in which the Company competes; the stability of certain of the Company's strategic relationships, including those with suppliers of maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble parts; the ability of the Company to: sell larger and more complex software solutions, successfully transition to the development of further Internet-based products, successfully implement an application service provider business model, enhance its current products and develop new products that address technological and market developments; and other risk factors listed from time to time in the Company's SEC reports, including, but not limited to the "Risk Factors" contained in the Company's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2002. The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based. |
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