Sybase Announces Subsequent Offering Period in Neon Exchange Offer

E-Business Leader Now Holds Majority Of NEON Stock



SYNOPSIS:

-- Sybase now holds the majority of NEON stock with 75.39 percent

ownership

-- Sybase will provide a subsequent offer period of ten business days in

its NEON exchange offer

-- Offer continues at 0.3878 of a share of Sybase common stock for each

share of NEON common stock

-- The combination of NEON, a leading application integration company,

with Sybase, a leading innovator of e-Business solutions, fuels

Sybase's e-Business infrastructure strategy



Apr 12, 2001, 01:00 ET from Sybase, Inc.

    EMERYVILLE, Calif., April 12 /PRNewswire/ -- Sybase, Inc., (Nasdaq: SYBS)
 today announced that it, through a subsidiary, will provide a subsequent
 offering period of ten business days in its exchange offer of 0.3878 of a
 share of Sybase common stock for each outstanding share of
 New Era of Networks, Inc. (Nasdaq: NEON), the same consideration as in the
 initial offering period.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20001013/SYBSLOGO )
     The subsequent offering period begins Thursday, April 12, 2001 at
 9:00 a.m. New York City time and expires at 12:00 midnight New York City time
 on Thursday, April 26, 2001.  The subsequent offering period is intended to
 allow NEON stockholders additional time to tender their shares and to allow
 Sybase to complete its acquisition of at least 90 percent of the outstanding
 shares of NEON common stock.  The offer initially expired at 12:00 midnight
 New York City time, on April 11, 2001.
     To date, 24,666,134 shares of NEON common stock have been tendered,
 representing approximately 66.84 percent of the outstanding shares of NEON
 common stock, giving Sybase majority stock ownership.  Notices of Guaranteed
 Delivery have been submitted for another 3,158,486 shares, which if delivered,
 would account for a total of approximately 8.56 percent of the outstanding
 shares of NEON common stock.
     Following successful completion of the exchange offer, Sybase intends for
 NEON to become a wholly-owned subsidiary.
     The acquisition is intended to significantly advance Sybase's strategy to
 provide the most advanced, complete, integrated e-Business solutions for doing
 business on the Web.  The acquisition of NEON is also expected to build on
 Sybase's strength as a global supplier of software solutions for all
 enterprises.
 
     About Sybase, Inc.
     Sybase provides enterprise-class software solutions that fuel e-business
 and enable access to information anytime, anyplace.  With its industry-leading
 Enterprise Portal, mobile and wireless and vertical market solutions, Sybase
 is one of the largest global independent software companies in the world.  For
 more information, visit the Sybase web site: www.sybase.com.
 
     About New Era of Networks, Inc.
     NEON enables e-Business with a suite of products designed to overcome the
 inherent "language barriers" of a company's various applications, systems,
 platforms, and protocols.  By allowing these disparate operations to share
 information and "talk" with one another -- as well as the Internet-businesses
 can automate end-to-end processes seamlessly, profiting from Internet speed
 and increased volume.  For more information, visit the NEON web site:
 www.neonsoft.com.
 
     Forward Looking Statement:  The above news release contains
 forward-looking statements regarding the combination of Sybase and NEON,
 Sybase's strategy regarding the acquisition of NEON and the completion of the
 exchange offer.  These statements involve risks and uncertainties.  Actual
 results may not be realized, or may vary materially from results that may be
 discussed in these forward-looking statements.  Factors that may affect actual
 results include the risks inherent in completing the acquisition of NEON on a
 timely basis, if at all, the successful integration of NEON into Sybase's
 business, the, timely development and market acceptance of the products and
 services of the combined companies, Sybase's ability to remain competitive in
 a highly competitive and rapidly changing marketplace, and the other risks
 detailed from time to time in each company's periodic reports filed with the
 Securities and Exchange Commission, including, but not limited to, Sybase's
 report on Form 10-K for the fiscal year ended December 31, 2000.
 
     Additional Information:  We urge investors and security holders to read
 the following documents, including any amendments that may be made to them,
 because they will contain important information about Sybase, NEON, the
 proposed acquisition and related matters:
 
     -- Sybase's preliminary prospectus, prospectus supplements, final
        prospectus, and tender offer materials.
     -- Sybase's Registration Statement on Form S-4 and Schedule TO containing
        or incorporating by reference such documents and other information.
     -- NEON's Solicitation/Recommendation Statement on Schedule 14D-9.
 
     These documents and amendments to these documents have or will be filed
 with the U.S. Securities and Exchange Commission.  In addition to these
 documents, Sybase and NEON file annual, quarterly and special reports, proxy
 statements and other information with the SEC.  You may read and copy any
 reports, statements and other information filed by Sybase and NEON at the SEC
 public reference rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at
 the SEC's other public reference rooms in New York, New York and Chicago,
 Illinois.  Please call the SEC at 800-SEC-0330 for further information on
 public reference rooms.  Sybase's and NEON's filings with the SEC are also
 available to the public from commercial document-retrieval services and the
 Web site maintained by the SEC at http://www.sec.gov. You may also obtain for
 free each of these documents (when available) from Sybase's information agent,
 Corporate Investor Communications, Inc., 111 Commerce Road, Carlstadt,
 New Jersey 07072, toll-free at 866-241-2788.
 
 

SOURCE Sybase, Inc.
    EMERYVILLE, Calif., April 12 /PRNewswire/ -- Sybase, Inc., (Nasdaq: SYBS)
 today announced that it, through a subsidiary, will provide a subsequent
 offering period of ten business days in its exchange offer of 0.3878 of a
 share of Sybase common stock for each outstanding share of
 New Era of Networks, Inc. (Nasdaq: NEON), the same consideration as in the
 initial offering period.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20001013/SYBSLOGO )
     The subsequent offering period begins Thursday, April 12, 2001 at
 9:00 a.m. New York City time and expires at 12:00 midnight New York City time
 on Thursday, April 26, 2001.  The subsequent offering period is intended to
 allow NEON stockholders additional time to tender their shares and to allow
 Sybase to complete its acquisition of at least 90 percent of the outstanding
 shares of NEON common stock.  The offer initially expired at 12:00 midnight
 New York City time, on April 11, 2001.
     To date, 24,666,134 shares of NEON common stock have been tendered,
 representing approximately 66.84 percent of the outstanding shares of NEON
 common stock, giving Sybase majority stock ownership.  Notices of Guaranteed
 Delivery have been submitted for another 3,158,486 shares, which if delivered,
 would account for a total of approximately 8.56 percent of the outstanding
 shares of NEON common stock.
     Following successful completion of the exchange offer, Sybase intends for
 NEON to become a wholly-owned subsidiary.
     The acquisition is intended to significantly advance Sybase's strategy to
 provide the most advanced, complete, integrated e-Business solutions for doing
 business on the Web.  The acquisition of NEON is also expected to build on
 Sybase's strength as a global supplier of software solutions for all
 enterprises.
 
     About Sybase, Inc.
     Sybase provides enterprise-class software solutions that fuel e-business
 and enable access to information anytime, anyplace.  With its industry-leading
 Enterprise Portal, mobile and wireless and vertical market solutions, Sybase
 is one of the largest global independent software companies in the world.  For
 more information, visit the Sybase web site: www.sybase.com.
 
     About New Era of Networks, Inc.
     NEON enables e-Business with a suite of products designed to overcome the
 inherent "language barriers" of a company's various applications, systems,
 platforms, and protocols.  By allowing these disparate operations to share
 information and "talk" with one another -- as well as the Internet-businesses
 can automate end-to-end processes seamlessly, profiting from Internet speed
 and increased volume.  For more information, visit the NEON web site:
 www.neonsoft.com.
 
     Forward Looking Statement:  The above news release contains
 forward-looking statements regarding the combination of Sybase and NEON,
 Sybase's strategy regarding the acquisition of NEON and the completion of the
 exchange offer.  These statements involve risks and uncertainties.  Actual
 results may not be realized, or may vary materially from results that may be
 discussed in these forward-looking statements.  Factors that may affect actual
 results include the risks inherent in completing the acquisition of NEON on a
 timely basis, if at all, the successful integration of NEON into Sybase's
 business, the, timely development and market acceptance of the products and
 services of the combined companies, Sybase's ability to remain competitive in
 a highly competitive and rapidly changing marketplace, and the other risks
 detailed from time to time in each company's periodic reports filed with the
 Securities and Exchange Commission, including, but not limited to, Sybase's
 report on Form 10-K for the fiscal year ended December 31, 2000.
 
     Additional Information:  We urge investors and security holders to read
 the following documents, including any amendments that may be made to them,
 because they will contain important information about Sybase, NEON, the
 proposed acquisition and related matters:
 
     -- Sybase's preliminary prospectus, prospectus supplements, final
        prospectus, and tender offer materials.
     -- Sybase's Registration Statement on Form S-4 and Schedule TO containing
        or incorporating by reference such documents and other information.
     -- NEON's Solicitation/Recommendation Statement on Schedule 14D-9.
 
     These documents and amendments to these documents have or will be filed
 with the U.S. Securities and Exchange Commission.  In addition to these
 documents, Sybase and NEON file annual, quarterly and special reports, proxy
 statements and other information with the SEC.  You may read and copy any
 reports, statements and other information filed by Sybase and NEON at the SEC
 public reference rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at
 the SEC's other public reference rooms in New York, New York and Chicago,
 Illinois.  Please call the SEC at 800-SEC-0330 for further information on
 public reference rooms.  Sybase's and NEON's filings with the SEC are also
 available to the public from commercial document-retrieval services and the
 Web site maintained by the SEC at http://www.sec.gov. You may also obtain for
 free each of these documents (when available) from Sybase's information agent,
 Corporate Investor Communications, Inc., 111 Commerce Road, Carlstadt,
 New Jersey 07072, toll-free at 866-241-2788.
 
 SOURCE  Sybase, Inc.

RELATED LINKS

http://www.sybase.com