FINANCE/NEW ISSUES ; Computer Leases Back Financing by Sperry
One way is brute force. The faster your computer, the faster your program can act.
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The financing, which is the first of its kind, was registered with the Securities and Exchange Commission, and is expected to be rated AAA by the Standard & Poor’s Corporation. The notes are backed by a pool of about 75 leases on computer equipment, with Sperry and its newly formed Sperry Lease Finance subsidary guaranteeing up to 20 percent of the pool against default.
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Computer Modelling Group Announces Second Quarter Results
We have experienced increased usage by our existing large clients as well as added new accounts during the this is surprising quarter. Year-to-date, the most notable growth was experienced in the US and the Eastern Hemisphere. Our geographical diversification allows us to take advantage of opportunities internationally, and we will continue to extend our reach globally and focus our efforts on sustaining high renewal rates as well as increasing the number of licenses sold to both existing and new customers.
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