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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Ted The Technician who wrote (3074)	9/22/1998 10:47:00 AM
From: SDR-SI	Respond to of 17183

To All: Announcement of some new players follows: > > >EMC Names Cosmo Santullo Senior Vice President, Global Marketing; Industry Veteran Joins EMC to Lead Global Marketing Effort BusinessWire, Tuesday, September 22, 1998 at 09:21 HOPKINTON, Mass.--(BUSINESS WIRE)--Sept. 22, 1998--EMC Corporation, the world's leading provider of enterprise storage systems and software, today announced the appointment of Cosmo Santullo to the position of Senior Vice President, Global Marketing. Santullo will be responsible for EMC's worldwide marketing efforts, including the extension of "The EMC Effect" campaign to further broaden awareness of the benefits of EMC Enterprise Storage for organizations around the globe. Santullo will report to Robert Dutkowsky, Executive Vice President, Markets and Channels, and will oversee EMC's global marketing, communications, sales training and professional services programs. Michael C. Ruettgers, EMC President and CEO, said, "As EMC continues to build its technology leadership, market share and global presence, it is imperative that our global marketing strategy support and ultimately drive that growth. We are confident Cos will provide the EMC marketing team with the kind of leadership and ideas that will enable EMC to deliver strong, consistent messages and develop programs that increase the worldwide recognition of EMC as one of the world's most important and successful technology companies." Santullo, 42, joins EMC from IBM Corp., where he spent the past 20 years in a number of sales and marketing management positions. He most recently served as General Manager of Sales and Services for IBM's North American PC division. Prior to that he spent two years in Japan as General Manager of IBM's Process Industries business in the Asia-Pacific region. Santullo graduated from Princeton University with a degree in Industrial Engineering and joined IBM as a sales representative, rising to hold aL variety of sales and services executive positions, including Marketing and Merchandising Director for IBM's Services business. Robert Dutkowsky, EMC's Executive Vice President, Markets and Channels, said, "With a strong sales and marketing background and a history of developing winning programs, Cos will provide EMC with the direction and insight that a market leader needs to shorten sales cycles and continue our rapid growth." EMC Corporation, a Fortune 500 company based in Hopkinton, Massachusetts, is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including UNIX, Windows NT and mainframe platforms. The company has offices worldwide, trades on the New York Stock Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate Web site can be accessed at emc.com. CONTACT: EMC Corporation Mark Fredrickson, 508/435-1000 ext. 77137 fredrickson_mark@emc.com < < < Steve

To: Ted The Technician who wrote (3074)	9/22/1998 10:49:00 AM
From: VFD	Respond to of 17183

Testing Y2K on mirror site saves for exchange COMPUTERWORLD September 21, 1998 Most organizations that have already started testing their computer systems for year 2000 readiness have either set up a test environment with duplicate equipment or have partitioned off part of their mainframes for testing. Those approaches were designed to keep businesses from shutting down production systems for testing. But buying or leasing duplicate equipment can cost millions of dollars, and no matter how much money a company spends, test environments can never duplicate all the quirks of the production system. Information technology professionals at the Philadelphia Stock Exchange think they have found an answer somewhere in the middle. For the past six months, the exchange has been testing production data that's mirrored in real time to a remote Sungard Data Systems, Inc. disaster recovery facility. The EMC Corp. Symmetrix Remote Data Facility the stock exchange has been using since September 1996 makes it possible to test the systems for procedures such as executions of stock trades as they are being processed. That means the exchange does not have to simulate such tests at night or on weekends. And because the exchange already owns the duplicate IBM OS/390 environment housed at Sungard, it is "saving millions of dollars" because it does not need to buy duplicate test equipment, said Frank Reidy, a first vice president at the stock exchange, which is being acquired by the National Association of Securities Dealers in Washington. Part of the exchange's cost savings stems from the fact that it does not have to pay year 2000 team members to work nights or weekends, said Reidy, who would not say how much the mirroring service costs. And the stock exchange does not pay extra for the test time because testing uses systems time that is already paid for, said a spokesman for Wayne, Pa.-based Sungard. The exchange is the only Sungard client using the system in this way. Still, Reidy acknowledged that the use of the Sungard/EMC mirrored environment for year 2000 purposes "was a nonplanned type of thing." The exchange became a beta-test site for the Sungard/EMC service in 1996. Stephanie Moore, a year 2000 analyst at Giga Information Group in Westport, Conn., said she has clients who are renting space for Sungard and Rosemont, Ill.-based Comdisco, Inc. to run millenium tests. "But I haven't come across anyone" who is testing applications against mirrored, real-time production data in those environments, she added. With more weekday hours to test remediated code, the exchange has been able to 60% of its mission-critical systems and put them back into production, said Bruce Smith, chairman of the exchange's year 2000 task force. That puts the exchange on schedule to get the rest of its systems fixed and re-entered by year's end so that it can devote all of next year to industrywide testing among brokers, clearinghouses, and other stock exchanges, Smith added.