News briefs

05.12.2005

Stratus, NEC sign development pact

Stratus Technologies Inc. and NEC Corp. have signed a 10-year joint development and technology cross-licensing deal. The companies plan to jointly build high-availability servers. The first server is expected to be completed late next year. NEC also said it will increase its stake in Stratus to 5.4 percent with a US$9 million investment.