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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: Douglas Nordgren who wrote (1186)4/27/1999 2:31:00 PM
From: w2j2  Read Replies (1) of 4808
 
Looks like a FC SAN from EMC:

HOPKINTON, Mass.--(BUSINESS WIRE)--April 27, 1999--

Cutting-Edge EMC Software Enhances Availability,
Streamlines Management of Core Business Applications

EMC Corporation, the world's leading provider of enterprise
storage systems, software and services, today announced that Morgan
Stanley Dean Witter, a leading global financial services firm, is
implementing an information infrastructure around EMC Enterprise
Storage systems and software to accelerate the roll out of new
Web-based financial services.
"There are huge revenue-generating opportunities for companies
that can successfully blend financial services with the rapid-fire
information delivery nature of the Web," explained Gary Hegedus,
Morgan Stanley Dean Witter's Senior Vice President and Chief
Information Officer. "The extremely reliable and flexible Internet
infrastructure we have built around EMC Enterprise Storage enables us
to respond more quickly to these opportunities, serve our customers
better, and avoid the multi-million dollar revenue losses that can
occur when Web sites are down."
Morgan Stanley Dean Witter is implementing EMC Enterprise Storage
to provide 7.5 million customers with Web access to portfolio
performance statements 24 hours a day, seven days a week.
"Our new Web portfolio performance application consumes mammoth
amounts of storage across both our mainframe and Windows NT
environments," noted Hegedus. "Consolidating it all onto EMC allows us
to more flexibly and cost-efficiently manage our storage requirements
and bring this new service to market more quickly. EMC's exceptional
reliability also assures us that we can satisfy our customers' growing
demand for around-the-clock access to financial data and other
services that we offer."
Based in New York, Morgan Stanley Dean Witter also relies on EMC
Enterprise Storage for all of its computing applications, including
workflow management, information delivery, mutual funds, trust
services and Year 2000 testing. To ensure even greater data
availability and protection, Morgan Stanley Dean Witter uses EMC Data
Manager (EDM) backup and restore solution and EMC TimeFinder software
to back up and protect its core applications.
"Our applications have grown to be so huge that there are simply
not enough hours in the day to conduct backups on an individual server
basis," explained Hegedus. "Centralizing our backups with EDM has
dramatically decreased our business risk by making our data more
secure. With TimeFinder, we have reduced the time it takes to back up
major databases from almost 12 hours to nearly zero. We now back up
our systems more frequently and cost-effectively and with less
disruption to our online operations."
EDM with the Symmetrix Path option provides a direct connection
between the EMC Symmetrix storage systems and Morgan Stanley Dean
Witter's secondary storage systems to back up IBM Netfinity servers
running Windows NT in a Microsoft Cluster environment. This approach
completely offloads data from the network, thereby enhancing the speed
of backing up applications. EMC TimeFinder is integrated with EDM to
produce point-in-time backup copies of Morgan Stanley Dean Witter's
mission-critical databases while they are in production, further
enhancing data availability.
Morgan Stanley Dean Witter also ensures high information
availability through EMC's Symmetrix Remote Data Recovery (SRDF)
software, which mirrors data between its primary and backup data
centers located 20 miles apart. According to Hegedus, SRDF has reduced
the amount of time to recover full operations at its disaster recovery
site from 12 hours to 30 minutes.

"Morgan Stanley Dean Witter's decision to utilize our technology
is further evidence that EMC Enterprise Storage has become the premier
information infrastructure for storing, managing, and protecting the
torrent of information streaming onto the Internet," said Bob
Dutkowsky, EMC's Executive Vice President of Markets and Channels.
"The superior reliability, flexibility, and performance of EMC
Enterprise Storage gives Morgan Stanley and other leading companies
the ability to more quickly and cost-efficiently manage change, pursue
growth opportunities, and discover new ways to enhance customer
service."
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