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EDS TO MANAGE NATIONAL TELECOMMUNICATIONS NETWORK FOR REPUBLIC NATIONAL BANK OF NEW YORK

 DALLAS, May 11 /PRNewswire/ -- EDS today announced that it has entered a major new relationship with Republic National Bank of New York. Under a long-term contract with a service affiliate of the institution, EDS will provide the $17 billion-deposit bank with national telecommunications and network management services.
 Through its global communications network and monitoring capabilities, EDS will manage Republic's data communications network, which links the bank's data centers in the United States and provides telecommunications support for its branches. In addition, EDS will direct related telecommunications functions for the bank, including equipment procurement, installation and coordination of multi-vendor relationships.
 According to John M. Scopaz, President of Republic Information and Communications Services, Inc., the relationship with EDS is part of a strategy to consolidate various networking, voice and data communications departments at the money center bank into a single area. This area will be broken down into a number of functional management segments, including cable, switch, network, trading floor technology and hardware repair.
 "As part of this reorganization," Scopaz said. "We have outsourced portions of the network management function to EDS. EDS has worked with us extensively in designing and implementing our current communications network linking our New York headquarters with our new data center in New Jersey.
 "In the course of that project, we were very impressed with the professionalism and comprehensiveness of EDS' services. As communications become more and more critical to our organization, it makes more sense to use an experienced, knowledgeable outside vendor with global capabilities to provide 24-hour uninterrupted coverage," he said.
 EDS owns and operates one of the world's largest private digital communications networks, which is monitored through a worldwide telecommunications and information management complex located in Plano, Texas.
 Republic National Bank of New York is the 14th-largest bank in the United States and one of the best capitalized. The principal banking subsidiary of Republic New York Corporation (NYSE: RNB) has branches, affiliates and subsidiaries in North and South America, the United Kingdom, Europe and the Far East.
 EDS has operations in 30 countries, employs more than 70,000 people and is the leader in applying information technology to meet the needs of businesses and governments around the globe. Stock reflecting EDS performance is traded on the New York Stock Exchange under the symbol GME.
 EDS reported revenues of $8.2 billion in 1992.
 -0- 5/11/93
 /CONTACT: Roger Still of EDS, 214-604-4160/
 (GME RNB)


CO: Electronic Data Systems Corporation;
 Republic National Bank of New York ST: Texas, New York IN: CPR SU: CON


ML -- DE005 -- 2628 05/11/93 09:36 EDT
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Publication:PR Newswire
Date:May 11, 1993
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