Wang Global bets on e-commerce

Wang Global expects revenues of between $US3.4 billion and $US3.5 billion in 1999.

The services specialist's 1999 target exceeds expected 1998 revenues by roughly $0.5 billion.

Speaking in Sydney yesterday, Joseph Tucci, chairman and chief executive officer of Wang, named e-commerce as Wang's fastest growing business unit.

Describing e-commerce as "the best disaggregator of middlemen that has ever come down the pipe" Tucci said that Wang would be focusing on services around supply chain management applications and datawarehousing technology.

Tucci is widely credited with guiding Wang's reinvention as a networked technology services company following the company's brush with Chapter 11 protection in the early 1990s when its hardware business ran into trouble.

Since then the company has made 11 acquisitions in the services space including Olsy, the solutions and services division of Italian IT and telecoms group Olivetti, which it bought in early 1998.

The company's precise 1998 revenues will be announced next week.

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