Wall Street Bullish on
JavaTM Technology

Bridge, Lehman, Tibco, Daiwa Lead Java
Technology Rally At Sun's S.I.A. Booth

NEW YORK - June 23, 1998 - Wall Street is bullish on JavaTM
technology from Sun Microsystems, Inc., as some of the biggest
names in the financial world converge at the Securities Industry
Association (S.I.A.) show in New York to unveil products and
strategies based on Sun's Java platform. Market data providers,
investment firms, banks and even financial broadcasters are among
the more than fifty companies on hand to demonstrate innovative
new products that leverage the Java programming environment's
unique ability to bridge disparate information systems, enable
platform-independent, "network age" applications and speed time to
market for new applications and services.

Long recognized as an early adopter and driver of technological
innovation for competitive advantage, the securities industry is
rapidly adopting Java technology from the back office to the trading
floor and into cyberspace. According to a 1997 Wall Street &
Technology/Meridien Research survey, 80 percent of securities
firms are building applications written in the Java language for
web-based deployment. The S.I.A. show features scores of projects
based on Sun's Java technology, many of which are on display at
the Sun Microsystems booth, #3100.

Sun also announced two more Authorized JavaSM CenterSM service
location -- T.I.S. and Technology House -- that will deliver Java
technology-based solutions to the financial services industry.
Authorized Java Center service locations are run by third party
business allies, are authorized by Sun, and offer expertise in
developing applications that will meet Sun's 100% Pure JavaTM
certification standard. T.I.S., based in New York and Technology
House, headquartered in New Jersey, both specialize in distributed
object and Java technologies (see separate Sun announcement).
T.I.S. and Technology House along with other select Authorized
Java Center program members will be showing live customer
demos in the Penthouse Suite on the 44th Floor.

"The real news at S.I.A. isn't simply that Java technology is being
used in production by the securities industry, but how diverse those
applications are and how quickly they're being developed and
deployed," said Rob Hall, vice president, worldwide financial
services, Sun Microsystems, Inc.

Java Technology: From The Trading Floor To The Middle
Office

Sun's S.I.A. exhibit showcases how Java technology is making a
difference at every level of the securities enterprise. A few of the
applications include: BRIDGE -- a financial information systems
leader whose clients include institutional investors, brokers/dealers,
exchanges, corporations and governments -- is demonstrating
BridgeChannel, its 100% Pure Java-certified application that
delivers BRIDGE market data over the Internet to any network
device equipped with a standard browser. BridgeChannel illustrates
Bridge's commitment to providing market data anytime, anywhere,
extending the trading floor to a world of network-enabled devices.

"Platform-independent, web-enabled services are absolutely core to
our philosophy moving forward," said Tom Wendel, President,
Chairman and C.E.O., BRIDGE. "With Java's faster development
cycles, we have the tools we need to innovate, manage and update
these applications quickly and easily over the BRIDGE network."
BridgeChannel is running on a Sun JavaStationTM network
computer at the Sun booth.

Also being unveiled today is a suite of MarketSheet objects, based
on Sun's Java technology, from TIBCO Finance Technology Inc.
(TIBCO), a global leader in financial software solutions and
enterprise application integration. This application delivers real-time
market data from a wide range of sources to TIBCO users
anywhere, on any device. MarketSheet is currently being deployed
at Nicholas-Applegate Capital Management (See separate TIBCO
announcement).

Because MarketSheet is built using Sun's JavaBeansTM component
architecture, NACM will be able to "mix-and-match" MarketSheet
functionality according to the needs of its various users --
delivering, for example, one set of functions and features to traders
and another to portfolio managers.

Sybase, Inc. revealed today that it will support Sun's Enterprise
JavaBeansTM in its newly announced Financial Server, the world's
first application server specifically designed for financial services.
The financial server is a database-independent, transaction
processing product that utilizes Java technology to provide native
support for industry standard protocols, such as Financial
Information Exchange (FIX), Open Financial Exchange (OFX) and
JLife.

"Financial institutions have been adopting Java technology at a rapid
rate because it is a channel and platform-independent object
language that can bring applications to a heterogeneous
environment," said Michon Schenck, vice president and general
manager of Worldwide Financial Services at Sybase. "Java
technology's flexibility and robustness in a networked environment
are key reasons why we are including support for the Enterprise
JavaBeans architecture in the first release of the Financial Server."

Standard & Poor's ComStock introduced Expresso, a dynamically
updated financial information system designed with Java
technology. Expresso offers the entire breadth of Standard & Poor's
ComStock market information -- real-time quotes, news and
up-to-the-minute Time & Sales, and NASDAQ Level II data --
while using Java technology to let customers access and customize
that data from virtually any network device with an Internet
browser. (See separate Standard & Poor announcement.)

Lehman U.K. has tapped the Java platform to deliver a
comprehensive suite of analytics tools to its institutional clients.
Using Java technology and CORBA, Lehman is currently building
an architecture that will access information in its disparate legacy
systems for new, network applications that are delivered via the
Internet to clients worldwide.

Daiwa Securities is using Java technology to build a middle office
that facilitates straight through processing. A set of specialized Java
"agents" -- for example, a trade validator or a credit checker -- grabs
data from a variety of sources. The format, hardware platform and
operating system for the original data are rendered irrelevant by the
Java agents, which extract the data, perform operations on it, and
send it on to other systems for reconciliation, settlement and
reporting.

"The key here is flexibility," according to Jeffry Borror, director,
information technology, Daiwa Securities America. "Instead of
scrapping old technologies for new ones every few years, with Java
technology we can build a flexible middle-office architecture that
can survive and be upgraded."

CNNfn.com is showing its Investment Tracker, which employs Java
technology and empowers Internet users by providing
up-to-the-minute information on their personal investment
portfolios. It allows users to select a portfolio of stocks and market
indices and new financial information is downloaded invisibly to the
user while on the Internet. The Investment Tracker then tracks that
information without requiring the user to visit a server or navigate
the web. (See separate CNN release).

About Sun Microsystems, Inc.

Since its inception in 1982, a singular vision, "The Network Is The
ComputerTM," has propelled Sun Microsystems, Inc. (NASDAQ:
SUNW), to its position as a leading provider of high quality
hardware, software and services for establishing enterprise-wide
intranets and expanding the power of the Internet. With more than
$9 billion in annual revenues, Sun can be found in more than 150
countries and on the World Wide Web at http://www.sun.com.
@Macarlo, Inc.
@Macarlo's Shareware & Web
OS/2
Java Lobby Member
Java Site Accredited

[TOP] [HOME] [INDEX]