Excepts from 7/22/98 Stratus earnings report
[H-P/SS7 relationship and Massachusetts location are interesting]
Stratus Reports Second Quarter Results
PR Newswire - July 22, 1998 17:33
"We remain confident, nonetheless," said Sachs, "that our core value of continuous availability
remains essential to the rapidly growing market for mission-critical telecommunications and financial
services applications, and we will continue to invest in these areas. During the second quarter, for
example, we extended our Intelligent Network (IN) portfolio of computer-based, continuously
available applications with solutions for Virtual Private Network, Calling Name Delivery, Enhanced
800/Freephone, Premium Rate, Televoting, Number Portability and CDMA Over-the-Air service
activation. At the same time, we continued to build our Internet IN solutions architecture and are
actively participating in standards groups headed by Bellcore, IN Forum, and Level 3
Communications. We also introduced the Continuum(R) 400- CO, the industry's new
price/performance leader for continuously available, central-office compliant systems running the
HP-UX(TM) operating system," said Sachs.
During the second quarter, Stratus was awarded high-profile contracts from companies based in
Latin America, China, and Canada. These include the following:
-- Huawei Technologies deployment of a Stratus-based Intelligent Network solution in Tianjin,
China, offering multiple enhanced services.
-- Lockheed Martin IMS' implementation of Canada's number portability administration database,
along with strategic partner Evolving Systems, Inc.;
-- In Latin America, a consortium of three of Mexico's largest banks has selected Stratus to
implement a new interbank ATM infrastructure; and
-- In Brazil, VISA Net selected the Stratus(R) platform for its smart-card processing and ATM
applications.
In addition, Stratus achieved customer wins resulting from its reseller alliance with Hewlett-Packard
Company, which included installations in Alcatel, Paris Bourse, and Belgacom.
"Stratus is well positioned for the long term in our strategic markets. We are confident of our ability
to get the company back on track and to become a more efficient and profitable organization,"
concluded Sachs.
About Stratus
Based in Marlboro, Massachusetts, Stratus Computer, Inc. (NYSE: SRA) is the premier supplier of
computer systems and services where continuous availability is a critical need. Stratus and its
subsidiaries offer a broad range of continuously available computer platforms, applications software,
middleware, and professional services. The company markets its systems and solutions to a range of
industries in more than 60 countries. For more information, see Stratus on the Internet at
stratus.com.
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