Merrill Takes Steps Toward Shifting Data From Land To Satellite
BROKER WATCH
Merrill Lynch & Co. late last month signed a multimillion dollar deal with Hughes Aircraft Co.'s Hughes Network Systems (HNS) subsidiary, as part of an effort by the firm to shift data traffic from landlines to less expensive satellite networks. If Hughes' technology passes the exhaustive testing Merrill plans, the firm hopes to use the network to broadcast customer account data to servers in its retail branches for local processing.
At least initially, Merrill's terrestrial Mernet network, with
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