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Show Small G1 itifi Lan llccimif a Hi" The Salt Lake Tribune, I)iater Sunday, January Fl 19, Firms Turn to Backup Systems to Keep Business Up When Computers Go Down By Peter Coy Associated Press Business Writer A hundred feet beNEW YORK neath the streets of Manhattans fie nancial district, a chamber dug from bedrock is being turned into a modern treasure vault. e cavern at the roots The of the World Trade Center, part of an old railroad, has a guard station with machine-gun-proo- f glass, Halon gas for extinguishing fires and 14 closed-circui- t TV cameras for surveillance. DataPort would be a safe place for diamonds, rubies or gold bullion. Instead it will contain nothing but thousands of reels of magnetic tape in effect, duplicates of the memories of modern corporations. DataPort and other storehouses across the country cater to their clients growing nervousness about their dependence on computers that are vulnerable to fire, flood, sabotage, theft or simple human error. Experts say a total computer wipeout with no backup plan in place an unlikely event might permanently cripple a business like a bank or brokerage firm. "A computer failure is probably the single most tragic business event that could happen to a company. You cant move product, you cant collect money, you cant ship, you cant collect premiums. You just cant function, said John Ratliff, vice presifor Sungard dent of marketing Services Co. of Wayne, Pa. In spite of the danger, no more than 1,000 of the roughly 14,000 data centers in the United States and Canada that use IBM mainframes of the 4300 series or bigger have disaster plans e that include backup computers, estimates Ray Hipp, president of Comdisco Data Recovery Services Inc. of Rosemont, 111. Executives are reluctant to divert large sums of money away from pressing needs to guard against a disaster that may never happen, say Comdisco and Sungard, which are No. 1 and No. 2, respectively, in the business of supplying backup computers. But auditors are stepping up the security trend by demanding that before they give a dean bill of financial health to companies, the businesses have workable disaster plans, tested regularly and discussed at least once a year by the boari of directors. The Internal Revenue Service has furthered the trend, imposing several rules governing secure storage of long-terrecords. Stomachs chumei in November when a software problem briefly prevented the Bank of Nw York, the nations 18th largest bink, from processing purchases and sales of government securities Trouble piled up so fast that the bank had to borrow an mprecedented $24 billion from the Feieral Reserve Bank overnight to balaice its books, pledging all its assets as collateral. The glitch, though repaired by the next day, distorted statistics on the entire nations money supply that week and prompted a congressional investigation. You used to be able to pull out the green eyeshades and yellow pads and pencils and somehow get bjck to the way you were. Those days are gone, said Comdiscos Hipp. Companies like New Yorks DataPort store backup copies of a companys computer records. The client company can retrieve the magnetic tapes on short notice and load them into its computers to replace ones that have been damaged. Unfortunately, a disaster that destroys data often destroys machines as well. Comdisco, Sungard and other companies charge clients a big fee for the right to use spare computers that they keep ready and waiting at hot sites. For those who cannot afford a hot site there is the cold site, a room equipped with chilled water, electric- - - 2ii-acr- man-mad- - - off-sit- Group Says Raises Will Not Be High - 601 companies showed managers and executives this year will see average increases of 6.3 down from the 6.8 percent percent that the same respondents reported for 1985. Planned increases for technical and professional employees will drop to 6 percent from 1985s 6.4 percent. Salaried employees generally in clerical and adminiswill average 5.8 tration positions 6.1 percent rethe lower than percent ported for 1985. However, the group said recent lackluster performance may prompt chief executive officers to rein in salary increases even tighter. Average increases may barely exceed the 4.5 percent to 5.5 percent range, it said. But salaries are not the only area of cost control. The group said some 24 percent of the organizations polled had used layoffs in the past year to keep their human resources down. Pro Tel Huhuipmh Telephone SynteniH 485-U0- 7 could fail in a way that would bring trading to a halt, said Don Dueweke, Computer makers like International Business Machines Corp. and Digital Equipment Corp also offer rescue services, such as rush shipment of replacement computers and consulting disaster experts. by their The New York Stock Exchange relies on 13 computers to support floor trading. Three Our operation is so automation-dependen- t it becomes to some degree scary, and we're not different from a lot of other corporations," he said. Sometimes Highest Money Market Yields Vemon S&L 8bC TX Vernon 8 57 Guaranty Federal Svgs San Anionio TX CO Annualized Yield (Nat'l Avg. 7.63) Annuaied yields are lor 2 months and are based upon rate m effect at time account .s opened 9 28 Mainland Savings Houston TX 9 20 Sun Stale Savings Phoenix AZ 914 Crescent Federal S&l New Orleans LA 911 New Orleans Federal S&L New Orleans LA Savings Annual Effective Yield (Nat'l Avg. Fust Savings of Easl Texas Houston. TX Western Savings Houston. TX Vernon S&L Vernon 9 07 TX Dallas Northpark 7.90) 9 69 9 55 9 55 TX 942 Crescent Federal S&L New Orleans LA 9 42 Enterprise Federal S&L Marrero LA Average Annual Yields beiow show the average yield per year over the life ol the CD The total mterest earned on the account is divided by the number ol years ot Ihe CD and the result is the average annual yield m percent age terms Avg. Annual Yield (Nat'l Avg. 8.99) Average annual interest earned over entire life of account 10 89 Gill Savings San Antonio TX 10 77 United Bank San Francisco CA TX S&L 10 74 Copperas Cove Keystone 10 72 Chesapeake Federal S&L Baltimore MD 10 72 Crescent Federal S&L New Orleans. LA Avg. Annual Yield (Natl Avg. 10.88) Average annual interest earned over entire life ol account 13 20 Gill Savings San Antonio TX MD 1304 Bradford Federal S&L. Baltimore LA S&L 1298 Kenner Delta MD 1298 Ba'limore Rosedale Federal 12 96 Palm Beach Federa' F aim Bch Gardens Fl $100,000 CDs Yield 1 month 9 00 Alamo Savings of Texas. San Antonio TX 8 75 Stockton Savings Ft Slockion TX Lamar Savings Dallas 8 75 TX Alamo Savings of Texas San Antonio Stockton Savings St Stockton TX First month Savings ot Texas San Antonio Stockton Savings Fl Slockion Tx Crescent Federal S&l New Orleans 6 YIELDS Highest yields tepoMed Dy federally insured Dan sand thrifts as oUan 15 based on staled rates and method of compounding for lowest minimum deposit available Fig ures in parentheses are average annual effective yields ottered by 50 large banks and thrifts in the top live mar ke's individual yields for 2 5 year and 5 year CDs are a.eraye annual interest earned over entire i.fe of account which would only show inter not annual effective yield esf earned the first year MMDA Annual Effective Yield (Natl Avg. 6.72) 8 84 Sun Belt Federal Baton Rouge LA btiO KS S&L Franklin Ottawa b 6C Bankers Dust Kenner LA Savings of Easl Texas Houston. TX 9 25 TX 913 913 950 938 938 Tx Alamo LA MONEY FUNDS YIELDS 10 Jan Da, Compound Yields tor Period Ended 7 Highest 1986 14 Government-Onl1 Command Gov 2 Lehman Gov Fidelity t Securities US Go 5 Manner 6.81) me Fund Go 3 Cardinal 4 t Money Funds (Average Fund Reserves t 7 79 7 67 7 63 7 bl 7 61 Government Fund 7 60 PinnaCe Government Fund 7 58 Cash Equivalent 7 50 7 44 7 43 6 Renaissance Asseis 7 8 rustGov T Go t Only Fund Federal 9 UVB Money Market Reserve Fund, Gov Port General Purpose Money Funds (Average Newion Money Fund k 10 2 Flex Fund M M F 7,09) 8 30 8 06 k 7 94 k 7 90 5 Tnmty Liquid Assets Trust Cash Management Trust Transamerica Cash Reserve 7 89 6 7 87 7 86 Strong Money Market Fund k 9 Fust American Money Fund 7 85 7 84 7 83 7 20 3 Kemper Money Market 4 Counsellors Cash Reserve 7 8 10 Capital Cash Mgl Trust Money Funds (Average Setigman Ca T E M M 5.72) Set 2 USAA Tax 680 3 6 55 4 Exempt M M F Account k Equitable Tax Free Cash Res Gen Shares Tax 5 Financial Free Money Fund 6 Benham Nal T 7 Fidelity Mass I FM 8 General Tax Exempt F M F M 6 54 6 49 k 6 44 k P 6 38 k 6 38 M M F 9 The Tax Free Money Fund 6 38 Ire 6 36 M F 10 StemRoe Yield column represents compounded effective rate of return to shareholders for past seven days Past returns are not necessarily indicative ol future yields Investment quality and maturily may vary among funds k managef absorbing a portion ol fund expenses Source 100 HIGHEST YIELDS N Palm Beach Fla 33408 800 327 7717 Holliston. Source DONOGHUE S MONEYLETTER 800 343 5413 Mass 01746 (c) CONSUMER FINANCIAL NEWS SERVICE rcxMrs computers BUSINESS Postal Service headquarters in Washington (fire resulting in water damage) The first data storage centers, built m the 1950s and '60s out of fear of a Soviet nuclear attack, tended to be in mountain strongholds far from cities. Records were rotated at the a leisurely pace of once a month. The newer centers, like DataPor' tend to be more convenient to citiei Records are shipped in and out as ol ten as several times a day, ensurin that a disaster would not punch a hoi in a company's data records of mor than a few hours. U S the exchange's senior vice president of market operations small failure serves to remind companies of how serious a big failure would be. At the New York Stock Exchange, for example, a snafu occasionally will cause trading to halt for 15 minutes or half an hour, All the exchanges computers now-arin one secure section of a building just off Wall Street, but Dueweke said it plans to split the machines between two sites to reduce the chance of an SPACE SHUTTLE insurance by Corroon incapacitating disaster. Like other big New York computer users, the stock exchange pays a fee to a center in New Jersey that maintains backup computers it can use on a moment's notice, and it stores backup records in a commercial storehouse in upstate New York. "We know we can do more and were definitely planning on taking that extra step forward, Dueweke said. An intruder with a screwdriver, possibly a disgruntled former employee, dismantled a data storage unit at Paychex Inc.s office in N.J., on New Years weekend in 1983, destroying payroll and tax records that had to be by hand. A laboriously spokesman at company headquarters in Rochester, N.Y., while downplaying the sabotage, said Paychex might have lost some payroll customers as a result. In recent years, good backup arrangements have prevented accidents from turning into computer disasters at Mazda Motors Corp. of America (roof collapse in Compton, 6? Black call us about yours 521-456- 7 Corroon 414 ATTENTION your please we have an ANNOUNCEMENT m & Black 500 SOUTH Our business is designed to help you find the type of map youre looking for. Services include: TACK BOARD MOUNTING FRAMING LAMINATION MYLAR OVERLAYS MAP CABINETS A DISPLAY CENTER located at 6526 So. State ALSO Murray, Utah is NOW the only Map Store in Utah. Vagabonds in Trolley Square has closed its doors and would like you to know where to go for all your mapping needs. A Large Selection of Globes MAP WORLD & DISPLAY CENTER 6526 So. State 262-181- 4 Sat. Now Open Weekdays that damaged data center), and the i EAST MAP WORLD Calif.), Del Monte Corp. (transformer fire at San Francisco headquarters that released PCBs), Northwestern National Bank of Minneapolis (fire 12-- vm INC ? CENTER BIG SAVINGS ON the IBM XT WITH 20Mb HARD DISK Save $1 030 Thats all it costs to lease our AT&T PC6300. Save $846 System includes 256K memory, two 360K disk drives and monitor. And ask about our unique Lease y Before You Leap trial option. But hurry! Sale ends in two weeks. $4130 NOW Check out other Red Tag values throughout the store. 60-da- $3100 20Mb Drive ? I I IBM MKMwSSSttttfSki Seagate Hard 3HOK IBM Monochrome Display IBM MonoITR Adapter DOS Disk Drive . IBM 256K Memory L lease. excluded Subject to credit approval Based on Local sales lax Uinla Business Systems... for all your business equipment and automation needs. Your complete IBM sales and service center. Prices good to Jan. 31 and limited to stock on hand. COMPUSHDP A UINTA BUSINESS SYSTEMS Salt Lake 376 Lawndale Drive (2500 So.) Salt Lake City, UT 2 CM L A TODAYS COMPUTERS BUSINESS u ZS f ER Bell AtlanticXompany City, H ighland Dr. in Creekside Plaza across from Cottonwood Mall , 6 Foothills Village Shopping Strip, Training Available . ; Cloaad Suaday. Monday-FridaSaturday, 272-52- 8 1 582-055- 10-6- 10-5- Leasing Available. CompuShop Revolving Charge, American Express, Diners Club, VISA or MasterCard. TIME DEPOSITS a Insured To $100,000 IRAS Retirement Accounts) 9.00 AMERICAN INVESTMENT BANK, N.A. Crossroads Tower 50 South Main, Suite 460 Salt Lake City, Utah 84144 of Leucadla. Inc., with assets of over $750,000,000.00. Listed NYSE. Established 854. AI8 it a direct subsidiary I 7 offer good thru 13186 This powerful IBM Business Computer includes: 1 Printers - Savings of up to 43 Software - Save $50 to $1,000 Diskettes - Save $5 to $30 Buy for only $1,999 IBM XT SYSTEM REGULARLY: 487-607- NEW YORK (UPI) Low inflation combined with a less than robust economy will keep average salary increases low in 1986, predicts The Hay Group, a human resources consulting organization. The group's recent survey of com-- , pensation and human resources pro- fessionals from ity and phone lines that is ready to have a computer installed in it in an emergency. Money is definitely an object in deciding the level of service required. Comdisco charges i's biggest clients up to $20,000 a month tor access to a big IBM mainframe and a variety of peripheral equipment, Hipp said. Penalty for early withdrawal. n" hTS.l .yn7ov .1 Accounts: SlOOO And Up Money Market YIELD RATE a32 aOO No penalty for withdrawal Compounded Weekly 4 |
