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

To: Dorine Essey who wrote (33167)	9/21/1998 10:07:00 AM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

China to Develop One of the Most Powerful OS in the World China to Develop Computer Operating System BEIJING (Sept. 21) XINHUA - China's largest computer software company will join hands with Compaq Computer of the United States to develop one of the most powerful computer operating systems in the world. China Computer Software and Technology Service Company will use Compaq's Digital UNIX technology to develop a Chinese-based 64-digit operating system known as "COSIX." The two companies announced last week they have reached initial agreement on cooperative development of the new system. General manager of the Chinese software company, Wang Zhigang, said cooperation will bring to the Chinese market a technologically advanced, safe, 64-digit Chinese UNIX operating system. This powerful system is believed to be a match for Microsoft's latest product. The new operating system will be put under Chinese trademark, which means that China will own the software copyright. China Computer Software and Technology Service Company, a subsidiary of the Ministry of Information Technology (MII), is a national base of software development and production in north China. The COSA V1.1 system platform developed by the company has won recommendations from the China Computer Software Association as one of the ten best software products of 1997. The new operating system will be a supplementary software for the system platform, which is run entirely in Chinese instead of English. The development of the new software system is a national research and development project which will enable China to maintain copyright ranging from core systems to surface software. Compaq has been merged with Digital Equipment, a major U.S. computer company, and Compaq's UNIX system has been a major rival to Microsoft's Windows system in the global market. "We are glad that China Computer Software and Technology Service Company picked us as a cooperative partner. We believe this is a very effective alliance for both parties," a senior Compaq official said. The newly founded MII has announced that promoting the development of national software industry is one of the ministry's major tasks. Annual output of China's software industry has now exceeded one billion U.S. dollars, with more than 30 million U.S. dollars worth of the products exported per year. Enditem