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Technology Stocks : Sequent -- Ignore unavailable to you. Want to Upgrade?


To: Gordon Quickstad who wrote (652)11/7/1997 1:55:00 PM
From: John W. Eldridge  Read Replies (4) | Respond to of 1229
 
Sequent won a multi-million-dollar contract with Oxford Health Plans in the third quarter and shipped the first systems in September. They are not installed yet.

If Oxford had problems with computer systems, they are existing computer systems from another vendor.

As Oxford management indicated in Sequent's September 15 press release on on the contract (www.sequent.com/news/releases/1997/nr-1216.html), the Sequent partnership represents a long-planned hardware upgrade for Oxford. According to CEO William Sullivan, quoted in the release, Oxford "spent a lot of time looking for the right partner. Sequent has both the horsepower to hand our long-term requirements and the expertise with large data center systems we needed."

John Eldridge
Director, Investor Relations
Sequent Computer Systems