Tandem announces its largest sale ever in Asia-Pacific region.CUPERTINO, Calif.--(BUSINESS WIRE)--Jan. 24, 1995--Tandem Computers Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. ) announced that the Korea Securities Computerization com·put·er·ize tr.v. com·put·er·ized, com·put·er·iz·ing, com·put·er·iz·es 1. To furnish with a computer or computer system. 2. To enter, process, or store (information) in a computer or system of computers. Corp. (KOSCOM) has purchased 36 NonStop Himalaya massively parallel See MPP. RISC RISC in full Reduced Instruction Set Computing Computer architecture that uses a limited number of instructions. RISC became popular in microprocessors in the 1980s. servers as the primary vehicles to move billions of customer transactions between the Korea Stock Exchange Korea Stock Exchange The major securities market of Korea. and brokerage houses and branch offices throughout South Korea. Installation and implementation, the end result of a highly comprehensive and competitive benchmark process, is scheduled for completion by October. This is the largest sale to an Asia-based enterprise -- excluding Japan -- in Tandem's 20-year history. After an exhaustive two-year request-for-proposal process that narrowed a field of 18 manufacturers down to Tandem, Unisys and Hewlett-Packard, KOSCOM selected the continuously available Tandem platform for its New Stock Order Turnaround (NSOT NSOT Navy Standard Obligations Table NSOT No Salt On Tray (medical food service) ) system, which functions as the database clearing-house for all transactions with the trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. on the floor of Korea Stock Exchange. Twenty-six Tandem NonStop Himalaya K10000 servers, featuring a total storage capacity of 400 GB, will make up the NSOT environment -- linking to 32 major brokerage houses, 900 branch offices, and 7,000 workstations throughout the country. Another 10 K1000 servers are being used for KOSCOM's education, development and internal processing activities. All of KOSCOM's 36 Himalaya servers were purchased from Tandem's local distributor, Korea Computers Inc. "Because we conduct transactions with hundreds of securities brokerages and offices in all corners of South Korea, it's imperative that we have 24 x 7 x 365 access to trouble-free mission-critical services," said Yoon Jac Shin, president of KOSCOM. "Based on the results of the intensive benchmark study, we discovered that the Tandem platform offers an array of benefits that are crucial to both our computing environment and the stock exchange -- iron-clad system reliability, breakthrough application performance, virtually unlimited expandability, security, and openness. "By further solidifying our always-growing information infrastructure with a new vendor-of-choice, we are ideally positioned to create new solutions, opportunities and revenue today and into the 21st Century." Seoul-based KOSCOM has provided 15 years of paperless securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the in order entry, order execution, delivery and notification of trade results, and investment information services See Information Systems. to the Korea Stock Exchange and its customers through innovative computerization. To open the information communications culture to the next century, the company has fully modernized its highly integrated system network and has also begun construction and implementation of its System 2000 -- a future-oriented, fault-free computer environment to enhance operation efficiency and reduce costs. "Over the last two decades, the attention of the business world has been riveted on the Asia-Pacific region because of its astounding a·stound tr.v. a·stound·ed, a·stound·ing, a·stounds To astonish and bewilder. See Synonyms at surprise. [From Middle English astoned, past participle of astonen, economic growth," said Jerry Peterson, Tandem's senior vice president of Sales and Support. "From Taipei to Hong Kong to Kuala Lumpur to Wellington -- and now to Seoul -- the region's busiest stock exchanges are relying on Tandem's open and cost-effective breakthrough applications to provide instantaneous access to trading information and around-the-clock systems availability. This is a very strategic win for Tandem because it expands our presence in a region that is vital to our growth." Tandem Computers Inc. is the leader in continuously available, open, parallel processing, reliable client/server solutions, and enterprise networks. The company manufactures, markets and provides services and systems ranging from the desktop to the data center, as well as software to deliver complete customer solutions. Tandem, founded in 1974 and headquartered in Cupertino, is a Fortune 500 company with offices worldwide. -0- Note to Editors: Tandem, NonStop, Himalaya, and the Tandem logo are trademarks of Tandem Computers Inc. CONTACT: Tandem Computers Inc. Bob Major, 408/285-6176 |
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