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Friday 15 June 2001


Smart News from Reuters

On Monday 18th June, Reuters, the information, news and technology group, will be opening a new venue in Fleet Street, London which will not only offer internet access, text and video news and photographs on a 1/2 meter long screen but freshly squeezed orange juice and snacks.

Reuters customers can also use Smart Cards, which they can purchase from Reuters, to access the latest real time financial information from Reuters 3000 Xtra service. Compaq have provided the terminals and servers for the information laboratory.

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Hypercom's epic ICE Card Payment Terminals

Hypercom Corporation has reported large scale deployment of its high-performance, Smart Card enabled touch screen ICE(TM) card payment terminals throughout Asia. More than 20 leading financial institutions, including the largest banks in China, the Philippines, Malaysia and Indonesia, have selected and deployed the browser-based terminals. ICE terminals now account for nearly 50% of all Hypercom's shipments in Asia versus 3% less than a one year ago, indicating the broad acceptance of the value represented by the terminal's value-added functionality and ability to combat credit card "skimming."

The leading financial institutions now using Hypercom's ICE terminals include: The Industrial and Commercial Bank of China (China's largest bank), The Agricultural Bank of China, Equitable Bank (the Philippines' largest bank), Maybank (Malaysia's largest bank), Bank Central Asia (Indonesia's largest bank), Citibank Hong Kong; Standard Chartered Bank (The Philippines); Bangkok Bank, Thai Farmers Bank, Thai Military Bank, American Express Thailand, Bank International Indonesia.

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SchlumbergerSema Progress Report

SchlumbergerSema has announced that due to the global slowdown in the telecommunications industry and a further weakening of the European currency against the US dollar, revenue for the businesses acquired with Sema plc is lower than previously estimated. Pretax operating income is expected to be breakeven for the first six months following the acquisition. Schlumberger's share price dropped 5.5 percent by the close in New York yesterday.

SchlumbergerSema is focusing on six global market segments: telecommunications, utility, finance, transport, oil and gas and the public sector. The new SchlumbergerSema management structure is in place and will be presented at an analyst meeting to be held in Paris on June 27 along with an update on the business strategy.

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Smart Card Loyalty Scheme to Boost Puerto Rico Supermarket Sales

Pueblo Xtra International Inc., the parent corporation of Pueblo International, Inc. and the largest supermarket and video rental operator in Puerto Rico and the U.S. Virgin Islands, has seen a decline of 10.6% in total sales for the first quarter of 2001 (ended May 19) due to increased competition.

The company is hoping that innovative new technologies such as Smart Cards will help increase customer loyalty and boost sales.

William T. Keon III, President and CEO of Pueblo Xtra said, "While increased competition from both locally based and multinational food retailers is the primary reason for the decline in sales, the economy in Puerto Rico also appears to have declined during the last twelve to eighteen months, which exacerbates the situation. Pueblo's marketing efforts continue to remain focused on being innovative in bringing greater value to the consumer. On March 27, 2001, we introduced the Pueblo Card, which provides special discounts to card holders. The card is a "Smart Card" that leverages the Company's check out systems technology to identify the customer at the check out as a card holder and provide special discounts. Currently Pueblo is the only "Smart Card" supermarket retailer in Puerto Rico and the U.S. Virgin Islands."

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STMicroelectronics Reviews Second Quarter Revenues

STMicroelectronics, the world's third largest independent semiconductor company, has reviewed its second quarter revenues due to weaknesses in several markets that it serves. ST is now expecting revenues for the quarter ending June 30 2001 to be in the region of US$1.55 billion to US$1.60 billion as opposed to the previously estimated US$1.65 billion to US$1.8 billion. This fall in expected revenue is due to a decline in telecom and computer peripheral applications. Revenues for Smart Card devices is also estimated to decline both year over year and sequentially.

The Company has stated that while it is disappointed by recent order postponements, it continues to maintain relatively strong financial performance and to increase market share in its targeted applications.

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Payment Technologies Appoints New Directors to Board

Scott Loftesness and John Elliott have been appointed to the Board of Directors of Payment Technologies, Inc.,(PTI), a provider of advanced payment-related software and services.

Elliott has served as a member of the Board of Directors of several major corporations and the Electronic Funds Transfer Association, and was founding member of the International Council of Smart Card Applications and Technologies (SCAT).

Loftesness has over 25 years of experience in the information processing and technology industries including serving as Group Director, First Data Merchant Services and Group Executive Vice President, Visa International.


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