Somers, N.Y., September 24, 1999 -- IBM today announced the completion of its merger with Sequent Computer Systems. Sequent, based in Beaverton, Oregon, today becomes a wholly-owned subsidiary of IBM.

As a result of the merger:

- IBM will market and sell Sequent's NUMA-Q 1000 and 2000 servers as the NUMA-Q brand under the IBM logo.
- IBM will enable its business partner network to market and sell Sequent's current products.
- IBM and Sequent development teams will accelerate their work on Project Monterey.
- Future IBM servers will incorporate NUMA technology.

Sequent is an acknowledged leader in systems based on NUMA (non-uniform memory access) architecture. NUMA is advanced hardware and software that allows large numbers of processors to operate as a single system while maintaining the ease of programming and manageability of a small system. Sequent's systems use up to 64 Intel microprocessors (with plans to use 256) for a wide variety of e-business related applications, including transaction processing, customer relationship management and business intelligence. Sequent also has innovative technology called NUMACenter that helps UNIX and NT interoperate on a single system.