Live Nation Entertainment and Erin Valenti Tinker Ventures Web Development Firm

Live Nation Entertainment 

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Live Nation Entertainment is an American global entertainment company, founded in 2010, following the merger of Live Nation and Ticketmaster. The company promotes, operates, and manages ticket sales for live entertainment in the United States and internationally. It also owns and operates entertainment venues, and manages the careers of music artists.

Contents

• 1History
  • 1.1Investments and growth
• 2Operating divisions
• 3International
• 4References
• 5External links

History[edit]

In 2009, Live Nation and Ticketmaster, a concert promotion firm and ticketing company, reached an agreement to merge. The new company received regulatory approval and was named Live Nation Entertainment.^[3][4] Michael Rapino, then-CEO of Live Nation, became the new company’s CEO, while Ticketmaster CEO Irving Azoff was named executive chairman.^[5]

The merger was approved first in Norway and Turkey in 2009.^[6] The United Kingdom's Competition Commission provisionally ruled against the merger, ^[7] but reversed its decision on December 22, 2009.^[6]

The merger was opposed in the U.S. by some regulators, artists, fans, and competing firms, who argued it would reduce competition in the industry and increase ticket costs.^[8][9] Artist Bruce Springsteen was one vocal opponent of the merger at the time.^[10]

On January 25, 2010, the United States Justice Department approved the merger pending certain conditions.^[11] Ticketmaster had to sell ownership of its self-ticketing company, Paciolan,^[11] and license its software to Anschutz Entertainment Group (AEG), which would allow it to compete "head-to-head" with Ticketmaster for business.^[12][13] AEG was given the option after five years to buy the software, replace it with something else, or partner with another ticketing company.^[12] Additionally, Live Nation Entertainment was placed under a 10-year court order prohibiting it from retaliating against venues that choose to accept competing ticket contracts.^[13]

Investments and growth[edit]

In 2013, the company acquired Voodoo Music & Arts Experience and announced a joint venture with Insomniac Events, a promoter focused on electronic dance music.^[14][15][16] The company later acquired C3 Presents (2014),^[17] Bonnaroo Music and Arts Festival (2015),^[18] and Founders Entertainment (2016), the parent company of Governors Ball Music Festival.^[19] In October 2016, Live Nation Entertainment bought AC Entertainment, a Knoxville Tennessee music company, ^[20] as well as several international companies.^[21] The company continued to invest in music festivals and promoters in 2017, purchasing a controlling interest in BottleRock Napa Valley Music Festival,^[22] Salt Lake City-based concert promoter United Concerts, ^[23] and CT Touring.^[24] In 2017, Live Nation Entertainment reported revenue of $10.3 billion. ^[25][26] In 2018, the company expanded its concert promotion segment by acquiring a majority stake in a number of companies including Frank Productions,^[27] Emporium Presents,^[28] and Red Mountain Entertainment.^[29]

Also in 2018, the United States Department of Justice launched an investigation following complaints by AEG that Live Nation pressured them into using Ticketmaster and intentionally avoided booking acts for AEG venues.^[30] Live Nation stated that decisions in selecting venues were not punitive, and were instead based on size and management.^[30]

Operating divisions[edit]

Live Nation Entertainment’s business segments are concerts, ticketing, and sponsorship and advertising. ^[25] The company promotes and operates live music events and manages artists under its concerts division Live Nation Concerts.^[25] Live Nation Entertainment’s artist management arm, called Artist Nation, is included within its concerts division ^[31][25] and also includes Front Line Management and Roc Nation.^[32] Live Nation Entertainment owns and operates venues, including the House of Blues.^[33] The company sells tickets to live events through Ticketmaster.^[25]

International[edit]

In 2012, the company announced a partnership with Creativeman Productions, based in Tokyo, Japan.^[34]

In June 2013, Live Nation was among those charged with violating Ontario health and safety laws following a stage collapse at a Radiohead concert that killed one crew member.^[35][36] A 2019 inquest returned a verdict of accidental death.^[37]

In August 2015, Live Nation announced it would form Live Nation Germany, to be created in partnership with German promoter Marek Lieberberg. Live Nation Germany would also have oversight over Live Nation events in Austria and Switzerland.^[38]

In March 2016, Live Nation acquired Big Concerts International, South Africa's leading concert promoter.^[39] The following year, the company acquired majority interests in Israeli promoter Blue Stone Entertainment and the UK’s Cuffe & Taylor.^[21]

In May 2018, Live Nation Entertainment acquired a majority stake in Brazil's Rock in Rio festival (including from previous stakeholder SFX Entertainment), with its founder Roberto Medina continuing to manage the festival's operations, and providing consulting to Live Nation.^[40][40][41]

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SEC Charges Cognizant and Two Former Executives With FCPA Violations

Pete Bennett former activist on jobs and Outsourcing I seen his friend Slaughter enduring it countless beatings Walnut Creek Oroville Danville San francisco-oakland and watched his friends get picked off one by one.

When Pete Bennett approach the H-1B visa and managed to convince members of Congress to lower the cat he stepped on the toes of trillions of dollars in income of a people involved at in processing other companies.

By the way these are the same people Lobby Congress for energy the wife of Dan turton former liaison to the house for President Obama perish by fire on the day she was supposed to be part of the Duke Energy merger the car burst into a ball of fire like mine in 2004.

SEC Charges Cognizant and Two Former Executives With FCPA Violations

FOR IMMEDIATE RELEASE
2019-12

Washington D.C., Feb. 15, 2019 —

Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), and two of the company’s former executives were charged for their roles in facilitating the payment of millions of dollars in a bribe to an Indian government official. 

The Securities and Exchange Commission’s complaint alleges that in 2014, a senior government official of the Indian state of Tamil Nadu demanded a $2 million bribe from the construction firm responsible for building Cognizant’s 2.7 million square foot campus in Chennai, India.  As alleged in the complaint, Cognizant’s President Gordon Coburn and Chief Legal Officer Steven E. Schwartz authorized the contractor to pay the bribe, and directed their subordinates to conceal the bribe by doctoring the contractor’s change orders.  The SEC also alleges that Cognizant authorized the construction firm to make two additional bribes totaling more than $1.6 million.  Cognizant allegedly used sham change order requests to conceal the payments it made to reimburse the firm.

“Bribery to further corporate goals is an illusory path to long-term success.  While always the wrong choice, it is particularly egregious when senior executives chart that course for those they lead, as our complaint alleges here.  We are committed to holding them accountable for their actions,” said Charles E. Cain, Chief of the SEC Enforcement Division’s FCPA Unit.

The SEC charged Coburn and Schwartz with violating anti-bribery, books and records, and internal accounting controls provisions of the federal securities laws.  The SEC is seeking permanent injunctions, monetary penalties, and officer-and-director bars against Coburn and Schwartz.

The SEC’s order as to Cognizant found that the company violated Sections 30A, 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934, which are anti-bribery, books and records, and internal accounting controls provisions of the federal securities laws.  Without admitting or denying the allegations, the company agreed to pay disgorgement and prejudgment interest of approximately $19 million and a penalty of $6 million.

The Department of Justice and the U.S. Attorney’s Office for the District of New Jersey today announced the indictment of Coburn and Schwartz on criminal charges of violating and conspiring to violate the FCPA’s anti-bribery and accounting provisions.

The SEC’s investigation was conducted by Michael K. Catoe, Paul W. Sharratt, and M. Shahriar Masud of the FCPA Unit under the supervision of Robert I. Dodge.  The litigation will be led by John Bowers.  The SEC appreciates the assistance of the Justice Department’s Fraud Section, the U.S. Attorney’s Office for the District of New Jersey, and the Federal Bureau of Investigation.

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White House American Workforce Policy Advisory Board

White House American Workforce Policy Advisory Board 

The Dubious Phone Call and Time Wasting Project

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Siemens makes workforce development pledge to expand U.S. education and training opportunities at first White House American Workforce Policy Advisory Board meeting
Wednesday, March 6, 2019 11:52 am EST
Dateline:
WASHINGTON

Siemens USA CEO Barbara Humpton participates in the first meeting of the American Workforce Policy Advisory Board today at the White House and pledges to expand the company’s U.S. education and training opportunities, reaching more than 75,000 workers and students over the next five years.

Her statement and the full pledge is below.

Statement from Siemens USA CEO Barbara Humpton:

“As one of the world’s top ten software companies and leading technology manufacturers, Siemens pledges to expand its U.S. education and training opportunities reaching more than 75,000 workers and students over the next five years.

Siemens currently invests more than $50 million annually in the continuing education of its U.S. workforce while also contributing millions more to educate, train and re-skill students, teachers, U.S. military veterans, Siemens employees and its customers. 

Hundreds of thousands of people across all 50 states benefit from Siemens’ continued investment in its U.S. operations and its commitment to training, retraining and upskilling workers across the country. Having invested more than $40 billion in the U.S. in just the last 15 years, Siemens is committed to strengthening its American operations, home to 50,000 employees and more than 60 manufacturing, digital and R&D sites.”

The company’s investment in workforce development includes several key programs:

Building the Workforce of Today & Tomorrow: In order to attract, hire and retain employees, Siemens leverages several programs to fuel its talent pipeline.

Siemens has expanded its U.S. apprenticeship program originally established in 2011 in Charlotte, NC, to nine states across 10 programs. The advanced manufacturing training program provides three times more on-the-job training and more than 10 times more college hours than is typically required by programs registered through the U.S. Department of Labor. Apprentices have tuition costs covered for technical education at a community college, are paid while they learn on the job, and graduate from the program with a degree, international certification and a guaranteed job with Siemens.
Siemens hires and trains U.S. military veterans to join the 2,500 veterans already part of Team Siemens.  In fact, the company committed to hire an additional 300 veterans annually over the next several years. Siemens also offers a job training initiative focused on digital skills for U.S. military veterans with an engineering and manufacturing background as part of a nationwide effort to assist veterans transitioning to the civilian workforce. To date, approximately 500 veterans have elected to use this resource since 2013.
Across the country, Siemens is actively working to fill more than 1,500 open positions including software developments and data architects, and most of the positions require software or a STEM-related education. This includes industrial positions such as welders, electrical engineers and machinists that now require more digital training. 
Making Software and Hardware Available to Our Schools: Siemens provides STEM curriculum and training for thousands of U.S. students by deploying its technology, software, hardware and expertise in classrooms across the country.

Siemens has invested billions of dollars’ worth of industrial software and hardware to support more than one million students at more than 3,000 educational institutions worldwide, providing students in technical and vocations schools, community colleges and universities access to the same Siemens industrial software used by more than 140,000 companies globally.
Siemens Cooperates with Education program annually provides 15,000 students in over 500 schools with access to its industrial technologies including equipment, software and instructor training.  The program continues to grow and is slated to add 25 more schools per year over the upcoming years, growing the base of students who will have access to this critical software.
More than 60 academic institutions in nearly 30 states have access to Siemens’ Solid Edge software and currently 7,000 licenses are bringing these hands-on engineering tools to the classroom. 
Training Industry Stakeholders: Siemens is supporting industries from manufacturing to energy to infrastructure to help close the skills gap to ensure that the current and future U.S. workforce is successful in the digital age. 

The Siemens Foundation has invested more than $115 million in the United States to advance workforce development and education initiatives in science, technology, engineering and math. Together with partners the Siemens Foundation is identifying and scaling training approaches that work to prepare students for careers in Science, Technology, Engineering and Math.
For example, the Siemens Foundation is launching a new workforce training program to fill skilled positions in the intelligent buildings industry in collaboration with the Association of Controls Professionals (ACP). The organizations will create community college training programs and develop career pathways into local K-12 systems, both aligned to new, non-proprietary industry certifications under development by ACP.
SiSchool provides students with hands-on training in low voltage electrical engineering.  It has already reached 1,000 students across a consortium of 20 high schools, community colleges, vocational schools and chapters of the Independent Electrical Contractors. Siemens provides residential electrical equipment that allows students to practice advanced wiring skills and become familiar with the technologies used in today’s electrical engineering field.
The Siemens Mechatronics Systems Certification Program (SMSCP) is a comprehensive industry skills certification offered together with partner schools worldwide in the field of advanced manufacturing. In the U.S., Siemens has certified more than 400 teachers from 50 high schools, community colleges and universities in the SMSCP program, along with 2,000 students from across the country.  The program will continue to expand in the U.S. with roughly a dozen new schools per year as well as additional mechatronics coursework related to digitalization.
About Siemens USA

Siemens Corporation is a U.S. subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 372,000 employees in 190 countries, Siemens reported worldwide revenue of $92.0 billion in fiscal 2017. Siemens in the USA reported revenue of $23.3 billion, including $5.0 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico.

About the Siemens Foundation

Since its inception, the Siemens Foundation’s mission has been to ignite and sustain today’s STEM workforce and tomorrow’s scientists and engineers. The Foundation has invested more than $115 million in the United States to advance workforce development and education initiatives in science, technology, engineering, and math. Its mission is inspired by the culture of innovation, research and continuous learning that is the hallmark of Siemens’ companies. Together, the programs at the Siemens Foundation are narrowing the opportunity gap for young people in the United States in STEM careers.

Siemens Media Contact:

Brie Sachse

Brie.sachse@siemens.com

(202) 412-9598

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CBS5 KPIX 6/26/07 Double H-1b to 150,000

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The Beltway Sniper

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OBIT: The Man Who Helped Expose One Of The Biggest Controversies In Silicon Valley Was Shot Dead In December

y Google Steve Jobs 

The Man Who Helped Expose One Of The Biggest Controversies In Silicon Valley Was Shot Dead In December

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Twitter/Santa Clara County SheriffPolice yellow tape cordons off the scene of the shooting at Roku.

The world's biggest tech companies are currently dealing with a class-action lawsuit thataccuses them of colluding to keep employees' wages down. 

The companies — Apple, Google, Adobe, etc. — were accused of having no-poaching agreements so they wouldn't hire each others' employees. The case could be settled for anywhere between $3 billion and $9 billion this week.

When the case is finalized, employees of companies could be rewarded with thousands of dollars in compensation.

However, one person is going to miss out on his chance to collect the money. Brandon Marshall, "who helped set in motion a class-action lawsuit against the companies," according to The New York Times, died last December when he was shot by a sheriff's deputy. 

In all of the stories about the alleged collusion case, the story of Marshall has barely gotten any mention in the press.

Marshall worked at Adobe for six months, which is how he was attached to the lawsuit. He is one of the five plaintiffs mentioned in the case.

He had been working for TV streaming company Roku at their offices in Saratoga before he died. Dell employee Kent Squarcia, who was in a meeting with Marshall and another Roku employee, witnessed the shooting, according to The San Jose Mercury News. 

During the meeting, Marshall had called his father to come pick him up because he said he was having a problem. Then, Marshall had opened a bottle of what appeared to be prescription medicine and consumed five or six pills. 

"He chewed them like they were Pez," Squarcia told The San Jose Mercury News.

Marshall then went to the lobby, laid on the floor and began to consume more pills. Someone in the office called 911 since it seemed like Marshall was attempting to overdose. Squacira, however, didn't get that impression.

"I didn't get the feeling he was trying to kill himself," he said to the San Jose-based publication. "I felt like something in his mind was broken and he was trying to fix it. I'll stick by that until the day I die."

Squarcia also said that he didn't feel like Marshall was a threat to anyone in the office, but just said that he seemed disoriented because of his medicine.

Marshall ran to the parking lot where paramedics soon arrived, Squarcia said to The San Jose Mercury News. Deputies told the publication that Marshall "suddenly became agitated" and had taken out a five-and-a-half inch metal spike and attacked one of the deputies. The deputy feared for his life and fired his gun, hitting Marshall in the chest. Marshall continued to fight with the officers as they restrained him. He was eventually taken to a nearby hospital where he died.

It's unclear exactly what triggered Marshall's behavior that day, but another key plaintiff suggested that the case may have been a burden. Michael Devine, another class representative who had previously worked at Adobe, said that Marshall had been affected by social media reactions to the case.

"You know how nasty and abusive folks get in online comments," Devine said to The New York Times. "It apparently really hurt him." 

Read more: http://www.businessinsider.com/brandon-marshall-tech-companies-case-2014-4#ixzz3M1dCXTXf

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Pete Bennett speaks on PBS

PBS NEWS HOUR

The Battle for Jobs, Data, Information and Jobs

Pete Bennett with Oracle Spokesman Robert Hoffman

Pete Bennett

Pete Bennett - software engineer was sued by an outsourcing firm in 2000 over via a dispute with an outsourcing firm that provided a Russian/Ukrainian H-1b Programmer.  

Things worked out fine as Bennett lost after offices of counsel burned to the ground.  Included were documents needed to litigate SBCGlobal, Albert D. Seeno. 

PBS

June 2007
Evicted 2007

• Mysterious Loss of Contracts
• Mysterious Medical
• Infections
• Beatings
• Attempts on his life

The Mormon Connection

When friends of God came knocking at my door it didn't take long for my truck to explode.

Seeking Constituent Services for over 10 years

John

 

Quick Facts

June 2007

Evicted 2007

• Mysterious Loss of Contracts
• Mysterious Medical
• Infections
• Beatings
• Attempts on his life

They make money from outsourcing - She eats ice cream from a 30,000 Sub Zero 

The Kings and Queens

Outsourcing advocates  

Homeless dying down the street 

The LesterGarnier.com murder of a San Francisco Police Officer 

Beatings
Attempts on his life

 

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• Technology
• State Finder 
• 
  

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OBIT: Patricia Noel - Resident of Alamo - Suicide

Patricia Noel Resident of Alamo

Related

Work: Real Estate/ House Wife

Facts: Just like others

Connection: How I know her

Suicide

Pat Noel Alamo - Patricia A. Noel, 58, died Friday. Mrs. Noel was born May 20, 1945, in Albuquerque, NM, daughter of Allen H. Parkinson and Verttie Taylor Parkinson. She was married to James W. Noel on February 14, 1973 in Salt Lake City, Utah. She is survived by her husband, James W. Noel of Alamo, CA; one daughter, Emily N. Hamilton of Santa Monica, CA, and two sons, Nicholas J. Noel of Santa Barbara, CA and Daniel J. Noel of Alamo, CA; one grandchild, Justin P. Hamilton. Mrs. Noel graduated from San Mateo JC then studied at the University of San Francisco finishing her degree in Psychology at BYU in Provo, Utah. She was a gifted artist, art collector, member of the Wasatch Mountain club (where she enjoyed hiking), a naturalist who enjoyed Emily Dickinson poems and wine tasting with her husband. She not only gave life to her 3 children but when their health was threatened worked tirelessly to raise, educate, and love each one of them forgoing her career. She was also President of Noel Properties, LLC a commercial property investment in Rocklin, CA. Funeral services will be held at Oak Park Hills Chapel, Walnut Creek, CA. Visiting time: 12:30-1:30 with service 1:30 - 2:15. Burial to follow at 2:30PM in the Oakmont Cemetery in Lafayette, CA.

Published in East Bay Times on Mar. 17, 2004 

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OBIT: Kevin Flanagan, The First Dead Banker - Well Almost

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OBIT: Bishop Matthew Michael Lyon Dead at 42

Bishop Matthew Michael Lyon

Quick Facts

• Date: September 9th 2010
• Residence: Walnut Creek
• Employer: Accenture.com
• Domestic Terrorism, Serial Arson, Murder, International Terrorists

Mormon Bishop 

Connectors: Dax Craven Alamo 1st / Walnut Creek 1st 

James Greenan ~ Alamo 1st 

Christensen Clan - Contra Costa County  

Obituary

• Matthew Michael Lyon
• Resident of Walnut Creek, CA
• April 16, 1970 – July 27, 2012 

Matthew Michael Lyon died unexpectedly Friday evening, July 27, 2012 while on his way to meet Boy Scouts from Troop 820 as they completed a 30-mile backpacking trip on the Pacific Crest Trail.
Matt was born in Salt Lake City on April 16, 1970. He was raised in Pleasanton, California and graduated from Amador Valley High School. He served a two year mission in Guatemala for The Church of Jesus Christ of Latter-day Saints. Following his mission he attended UC Davis where he earned degrees in Economics and International Relations. He married Eleanor L. Valencia on September 15, 1995 in the Oakland LDS Temple. He worked for Accenture for 16 years.

He is survived by his wife Eleanor, children Connor (12), Jordan (9), Maxwell (7), and Sierra (4); parents Michael and Susan Lyon of Pleasanton, brothers Nicholas (Chelsea), Daniel (Holly), and Christian of San Francisco, niece Madison and many loving
aunts, uncles, and cousins.

Matt lived a life of selfless service to others and filled many church roles, including his most recent as the Bishop of the Walnut Creek II Ward. Matt enjoyed exploring the California coast, backpacking, gardening, home improvement projects, and spending
time with his family and friends.  He found beauty in nature, art, music, good literature, and always looked for the good in others.  He touched many lives with his witty humor and easy-going nature. He loved his family above
all and will be missed by all who knew him.
Funeral services will be held Saturday, August 4, 11am with visitation at 10am at The Church of Jesus Christ of Latter-day Saints, 2369 Overlook Drive in Walnut Creek. A shuttle will be available for overflow offsite parking.

Two accounts for the benefit of Eleanor and her children have been established at Bank of America – the Lyon Family Memorial Fund and the Lyon Children Education Fund.
p
Please visit the local branch or send checks made payable to Eleanor V. Lyon to the
Lyon Family Memorial Fund c/o Bank of America 1330 North Main St. Walnut Creek, CA 94596
Please note the account number on the check: 1641-0255-4031 and reference Lyon Family Memorial Fund in the Memo Line. For those that wish to donate for the benefit of the children's college needs, please follow the same instructions as above but reference
Lyon Family Education Fund in the Memo Line. 

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PIMCO Signs Up as First Client of Accenture's WEBeSTP Solutio

PIMCO IN THE NEWS  

Quick Facts

A PIMCO Project

PIMCO Signs Up as First Client of Accenture's WEBeSTP Solution

 Related Assets

October 24, 2000

Leading Fixed-Income Manager Will Also Invest In Straight-Through Processing Solution
NEW YORK, October 24, 2000 – Accenture today announced that Pacific Investment Management Company ("PIMCO"), one of the world's leading fixed income asset managers, has signed a letter of intent to become the first client of WEBeSTP, the straight-through processing (STP) solution that Accenture is developing with industry participants and select service providers for the global investment / asset management community.
WEBeSTP is an Internet portal that will provide financial industry participants with a single automated point of entry for pre-trade, trade and post-trade activities. It will also link customer relationship management and enterprise resource management with real- time portfolio management capabilities. Its primary purpose is to help asset managers and other financial markets players reduce the costs and risks currently associated with the end-to-end process of securities trading.
Working closely with PIMCO, Accenture has defined the asset managers' requirements for a customer relationship management and market-data integration solution. Bloomberg, which announced its participation in WEBeSTP back in June, is working to develop the fixed income portfolio management and order management capabilities.
The securities industry today is being stretched to the limit by record trading volumes, extended trading hours, intense competition, changing customer expectations and the move to T+1 in the United States. A solution to this challenge is STP, an integrated approach to achieving automated, end-to-end trade processing through the trade's entire lifecycle, beginning and ending with the investor.
"From an asset manager's perspective, there are three primary drivers for implementing WEBeSTP – cost reduction, cost avoidance and risk reduction. According to the recently completed SIA T+1 business case, asset managers have the weakest return on investment economics. WEBeSTP is targeted to solve that problem," said Jim Honohan, partner, Accenture. "By leveraging the experience and knowledge of PIMCO and Accenture, we are able to focus specifically on what the asset managers' needs are in implementing an integrated STP solution."
"With increased pressure and competition, as well as heightened customer expectations, we have to focus now more than ever on strengthening our customer relationships and managing their portfolios. We were searching for a solution that would reduce risk and cost while allowing us to enhance our customer service, and WEBeSTP was the most comprehensive solution in the market," said Robert Ettl, Chief Information Officer of PIMCO.
"Finding a cost-effective STP solution is one of the greatest problems confronting asset managers. Our involvement with the Accenture WEBeSTP solution would be consistent with Bloomberg's commitment to provide STP solutions within a value proposition that enhances returns and will enable asset managers to focus on their core competencies of investment management and customer relationship management," said Lou Eccleston, director of global transaction and data services at Bloomberg.
Straight-Through Processing (STP)
STP solutions are needed to help financial markets firms meet the U.S. Securities and Exchange Commission's expected call for one-day trade settlement (T+1), as well as to meet the global demand that has resulted from the explosive growth of online trading. Presently, the entire trade lifecycle, from initiation to settlement, is a complex labyrinth of manual processes, taking several days. STP enables the entire trade process to be conducted electronically without the need for re- keying or manual intervention. When fully realized, STP will provide broker/dealers, asset managers, custodians and other financial services players with tremendous benefits, including greatly shortened processing cycles, reduced risk and lower operating costs.
WEBeSTP
The Accenture WEBeSTP solution was conceived and is being developed at the Accenture STP Center of Excellence, located in New York City. Accenture is in discussions with other select service providers and industry participants regarding their potential involvement in WEBeSTP.
About PIMCO 
PIMCO, with more than $200 billion under management, is based in Newport Beach, California. It is a subsidiary of the Munich-based Allianz Group, which is a leading global insurance company that is represented in 70 countries around the globe.
About Bloomberg
Bloomberg L.P. is a global, multi-media based distributor of information services, combining news, data and analysis for financial markets and businesses. Bloomberg provides real-time pricing, historical pricing, data, analytics and electronic communications 24 hours a day through 150,000 BLOOMBERG PROFESSIONALSM terminals used by over 400,000 financial professionals in 100 countries worldwide. Bloomberg's electronic trading products include: BLOOMBERG TRADEBOOK™, BLOOMBERG POWERMATCH™ and the BLOOMBERG™ Electronic Trading System. Bloomberg News, with 850 reporters in 78 bureaus, is live 24 hours a day over the BLOOMBERG PROFESSIONALSM service and is carried in over 850 newspapers worldwide. Bloomberg also produces a number of related print and electronic media products for distribution worldwide. These include BLOOMBERG TELEVISION® and BLOOMBERG RADIO programming, Bloomberg, Bloomberg Personal Finance and Bloomberg Wealth Manager magazines, The BLOOMBERG® Web Site (http://www.bloomberg.com) and the BLOOMBERG PRESS® line of investment books.
Accenture is the world's leading provider of management and technology consulting services and solutions, with more than 75,000 people in 46 countries delivering a wide range of specialized capabilities and solutions to clients across all industries. Accenture operates globally with one common brand and business model designed to enable the company to serve its clients on a consistent basis around the world. Under its strategy, Accenture is building a network of businesses to meet the full range of any organization's needs — consulting, technology, outsourcing, alliances and venture capital. The company generated revenues of $9.75 billion for the fiscal year ended August 31, 2000 and $5.71 billion for the six months ended February 28, 2001. Its home page is http://www.accenture.com.
A registration statement relating to the offering has been filed with the Securities and Exchange Commission but has not yet become effective. The shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This announcement appears as a matter of record only and should not be taken as an inducement or solicitation to subscribe for shares in any subsequent initial public offering.

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