11/3/2003 - Sun Microsystems, Inc. (Nasdaq: SUNW) recognizes Lehman Brothers, the global investment bank, for excellence in UNIX(R) systems engineering and IT innovation. Lehman Brothers has created the framework and implemented the technology to enable Sun's Solaris[tm] Live Upgrade software functionality to work more easily and seamlessly with third-party volume management software. In recognition of this innovation and to foster further cooperation between the two companies, Sun has awarded Lehman Brothers an undisclosed grant of products. Sun has also offered Lehman Brothers a seat at the prestigious Solaris Technical Advisory Board.
"When we first learned about Lehman Brothers' framework during regular discussions with their IT engineering team, we were impressed by their depth of understanding and superlative technical skills," said John Loiacono, vice president, operating platforms group, Sun Microsystems. "Lehman Brothers has always been an innovator in global finance and they have been able to quickly solve this industry-wide issue. We'd like to formally acknowledge Lehman Brother's innovative spirit, and look forward to working with them in the future."
"Uptime is crucial for financial services. The challenge is that system upgrades are often critical to stability, but often require extended maintenance windows and are risky to implement," said Bridget O'Connor, managing director and chief technology officer at Lehman Brothers. "The technology developed by Lehman Brothers enables such critical upgrades to be performed safely with minimal interruption to services, especially when paired with Solaris."
The custom functionality, which was designed in-house by Lehman Brothers' IT staff, extends the Solaris Live Upgrade software feature to utilize alternative third-party storage volume management software, which can allow the company to make on-the-fly upgrades of third-party volume management software while the entire system is still in full production. Sun plans to have this feature available to the general public within the year.
About Solaris[tm] Live Upgrade Software
Solaris Live Upgrade software can significantly reduce the downtime associated with an operating system upgrade or maintenance by enabling the operating environment to continue to run while an administrator upgrades alternative boot environment to the latest release of the OS, applies patches or does routine maintenance. The administrator can then reboot to the new boot environment and Live Upgrade helps to fall back to the previous environment if the new upgraded system is not satisfactory. Volume management software is a technology that enables customers to utilize today's complex storage hardware component.
About Lehman Brothers
Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private equity, and private client services. The Firm is headquartered in New York, London, and Tokyo and operates in a network of offices around the world. For further information about Lehman Brothers' services, products, and recruitment opportunities, visit our Web site at www.lehman.com.
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The Computer" -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 100 countries and on the World Wide Web at http://sun.com
Sun, Sun Microsystems, the Sun logo, Solaris, Java and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. UNIX is a registered trademark in the United States and other countries, exclusively licensed through X/Open Company, Ltd.
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