In Brief: PeopleSoft; Energomontaż Północ

PeopleSoft wants to launch a Polish version of their system for businesses, PeopleSoft EnterpriseOne, as a product for medium and large companies, which would compete with similar SAP and Oracle systems. The Polish version is to be ready by the third quarter. The company also wants to launch an Advanced Application Center in Warsaw, which would serve foreign clients. (Puls Biznesu, p. 8) ... The Energomontaż-Północ power plant construction group which had sales of zł.84 million sales last year and a profit of around zł.2.2 million, has lost the ownership over Energomontaż-Północ Bełchatów, an engineering firm that accounted for about a third of the parent company's revenue. Publicly traded Energomontaż said employees from Energomontaż-Północ Bełchatów bought the new stock issue of their company, reducing its own stake from 98% to 32% because the parent company has no spare cash. (Parkiet, p. 6) J.J/D.W.