Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DRRISK who wrote (61765)	5/20/1999 11:58:00 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Compaq Selected To Power Electronic Securities Trading System $27 Million Compaq Enterprise Solution Includes NonStop Himalaya, AlphaServer And ProLiant Systems HOUSTON--(BUSINESS WIRE)--May 20, 1999-- Compaq Computer Corporation (NYSE:CPQ - news), today announced that it was selected by OptiMark Technologies Inc. to provide an enterprise IT solution to power the first worldwide electronic securities trading system. The OptiMark(TM) Trading System increases the efficiency and reduces the cost of securities trading by providing a confidential environment in which buyers and sellers can bring liquidity to the market without the risk of market impact. The sale is valued at $27 million and provides OptiMark with a reliable, high performance system essential to running its business effectively. ''We came to Compaq because of their proven track record as an IT technology partner with the majority of the world's securities exchanges,'' said William F. Adiletta, OptiMark's Chief Technology Officer. ''With trading volume reaching a current high of three million shares in a day, the OptiMark System had all the power and functionality it needed to handle, match and process the requests -- from approximately 40 broker dealers and 100 securities institutions. Compaq's cross-platform solution met all our requirements, including the need to handle the complex calculations of matching buys and sell within three seconds.'' ''Compaq is the premier global technology supplier to the Capital Markets industry with over 105 exchanges and growing,'' said Jerry Peterson, Vice President, Financial Service and Electronic Commerce, Compaq Computer Corporation. ''Because of our expertise, we were able to quickly understand and meet OptiMark's requirements for a mission-critical solution. By partnering with OptiMark in the creation of this unique trading system, we are helping to advance the electronic exchange of information and pave the way for tomorrow's virtual trading floor.'' The OptiMark Trading System The OptiMark Trading System is currently available for trading listed equities as a facility of the Pacific Exchange. A version of the System for trading Nasdaq is under development and is expected to be available as a facility of the Nasdaq Stock Market in the third quarter. The OptiMark solution showcases Compaq's breadth of enterprise offerings with NonStop Himalaya server's continuous and reliable processing power, Alpha Server's intensive computing capabilities, and the ProLiant systems outstanding price performance. Company Backgrounds OptiMark Technologies Inc. is a privately-held transaction services company headquartered in Jersey City, N.J., and with offices in strategic financial centers throughout the U.S., Canada and Japan, including New York City, Boston, Chicago, Los Angeles, San Francisco, Toronto and Tokyo. Additional information on the company is available on the World Wide Web at optimark.com. Compaq Computer Corporation, a Fortune Global 100 company, is the second largest computer company in the world and the largest global supplier of computer systems. Compaq develops and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, enterprise and network storage solutions, commercial desktop and portable products and consumer PCs. The company is an industry leader in environmentally friendly programs and business practices. Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products are available at compaq.com. Compaq, Registered U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. Contact: Compaq Computer Corporation SoHanna Park, 408/285-9228 sohanna.park@compaq.com or Shandwick Interna