To: almaxel who wrote (32941 ) 6/21/2000 1:52:00 PM From: almaxel Read Replies (1) | Respond to of 64865
MS NT is out the door at A.B. Watley Group,guess whom they picked?: Brokerage Firm Replaces NT; Company Switches to Sun - Cites Cost Savings, Reliability, and Scalability- NEW YORK -June 20, 2000- Sun Microsystems, Inc. announced today at the Securities Industry Association's (SIA) annual Technology Management Conference that A.B. Watley Group Inc. (NASDAQ: ABWG) plans to move its online system completely to the Sun(TM) platform, underscoring Sun's position as a preferred platform for mission-critical applications in the trading environment. A leading direct access and institutional brokerage firm, A.B. Watley selected Sun to enable the highest levels of service for its growing number of Internet-based customers. To meet its business-critical need for a scalable system, A.B. Watley chose Sun's Enterprise[tm] 4500 servers running the Solaris[tm] Operating Environment. Previously, the firm's Internet trading services ran on an NT platform. The Sun environment will provide A.B. Watley with the scalability and reliability necessary to support a multitude of new customers and applications. "When we considered how we could improve our product offerings and serve our customers more efficiently, the hardware platform choice was critical," said Leon Ferguson, CIO at A.B. Watley Group Inc. "The reliability, scalability and system manageability of Sun's technology allows us to meet our goal of providing the highest quality trading technology and service in the industry at a low cost." The Sun system migration will consolidate over 200 NT servers to fewer than 20 Sun servers, with a significant increase in overall system reliability and substantial available capacity for future growth. "A.B. Watley's decision to choose Sun reinforces Sun's position as the provider of choice for organizations that require a robust enterprise network computing platform for online trading systems," said Steve Katzman, global industry manager of Securities and Capital Markets for Sun Microsystems. "The migration to a total Sun environment will enable A.B. Watley to handle its rapidly growing volume of daily transactions and support industry advances such as decimalization and straight-through processing." To see how the system behaved under heavy user loads, A.B. Watley ran multiple tests, including a simulation of how the different servers interacted. By early July, A.B. Watley expects to have converted the majority of its users to the new system, with the remaining users currently scheduled for early September. Ralf