SUNW making excellent inroads w/ their Solaris 7 OS....
(Note: Sunw receives annual contract service revenues for maintaining the overall enterprise systems.)
"... Recognizing the need for systems availability, the Philadelphia Stock Exchange has purchased an enterprise services and support agreement with Sun..."
Philadelphia Stock Exchange Relies On Solaris 7 for Competitive Advantage
Business Editors/High Tech Writers
LAS VEGAS--(BUSINESS WIRE)--Dec. 2, 1998--
Values Sun Systems and Enterprise Services for Reliability,
Scalability and Superior Application Development Environment
Demonstrating leadership in providing reliable, scalable systems
to the financial industry, Sun Microsystems, Inc. today announced that
the Philadelphia Stock Exchange (PHLX) plans to complete their
deployment of the newly released Solaris(tm) 7 Operating Environment
-- running on Sun's powerful, low cost Ultra(tm) 5 workstations and
highly scalable Sun Enterprise(tm) 3000 and 4500 servers -- by the
second quarter of 1999. Relying on Sun systems since 1989, the
Philadelphia Stock Exchange has experienced year-to-date growth of 40
percent in equity option trading with an all-time record of more than
28 million contracts.
"Given the volatility of today's markets, companies like the
Philadelphia Stock Exchange, with complex networking needs, require
their servers to be highly scalable and continuously available to run
mission critical applications without compromise," said Brian Croll,
director of marketing for Solaris Software, Sun Microsystems, Inc.
"The exponential growth of the Philadelphia Stock Exchange showcases
the ability of Solaris to meet and exceed those needs."
Today the Philadelphia Stock Exchange -- consisting of the Equity
and Index Options Floor, Currency Options Floor, and Equity Floor --
relies on the Solaris Operating Environment to support hundreds of
Sun(tm) workstations and X terminals through 25 Sun servers.
Recognizing the need for systems availability, the Philadelphia Stock
Exchange has purchased an enterprise services and support agreement
with Sun. Additionally, the Philadelphia Stock Exchange uses Sun's
industry leading tools to develop proprietary applications for their
complex equity, options and currency exchange systems.
"Leveraging technology is one of the ways we stay ahead of the
competition," said Harry Dewedoff, senior systems administration
manager, Philadelphia Stock Exchange. "Solaris has been key to our
success -- we depend on its reliability and scalability to meet our
growth demands, and its development environment makes it easy for us
to develop new applications".
Solaris 7 Software Environment
For SPARC(tm) and Intel computers, the new Solaris 7 product line
provides full binary compatibility with previous releases of Solaris
software, enhanced Windows NT interoperability, ease-of-administration
and mainframe-class capabilities. It gives customers a new opportunity
to deploy a single operating environment, where in the past they
typically had to use MVS at the high-end, UNIX(R) in the mid-range and
Microsoft Windows systems at the low-end. For more information on the
Solaris 7 product line visit sun.com.
About Philadelphia Stock Exchange
Philadelphia Stock Exchange is the first securities exchange in
the United States and is a market leader in the trading of over 2,600
stocks, 830 equity options, 14 sectors index options and 100 currency
pairs. Founded in 1790, Philadelphia Stock Exchange is the world's
largest exchange-traded marketplace for the trading of currency
options.
About Sun Microsystems
Since its inception in 1982, a singular vision, "The Network Is
The Computer(tm)," has propelled Sun Microsystems, Inc. (NASDAQ:SUNW),
to its position as a leading provider of high quality hardware,
software and services for establishing enterprise-wide Intranets and
expanding the power of the Internet. With more than $10 billion in
annual revenues, Sun can be found in more than 150 countries and on
the World Wide Web at sun.com.
Sun, the Sun logo, Sun Microsystems, Sun Enterprise, Ultra,
Solaris, and The Network Is The Computer are trademarks or registered
trademarks of Sun Microsystems, Inc. in the United States and other
countries. All SPARC trademarks are used under license and are
trademarks. UNIX is a registered trademark in the United States and
other countries exclusively licensed through X/Open Company, Ltd.
--30--cs/sf*
CONTACT: Sun Microsystems, Inc.
Nam LaMore, 650/786-4737
solaris.pr@sun.com
or
GCI Group for Sun Microsystems, Inc.
Jason Flower, 512/477-8305
or
Philadelphia Stock Exchange
Kelli Crudo, 215/496-6483
KEYWORD: CALIFORNIA PENNSYLVANIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
KEY: SUNFXB
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