IBM Brings Wall Street to Saint Joseph's University

Erivan K. Haub School of Business Selects IBM For Its Trading Room

Select a topic or year

PHILADEPHIA - 18 Feb 2004: IBM announced today that Saint Joseph's University will be requiring IBM ThinkPad notebooks for all first-year students of the Erivan K. Haub School of Business and has selected ThinkPad, IBM ThinkCentre desktops and ThinkVision flat-screen monitors to equip its new Wall Street Trading Room, designed to model a real-world trading environment.

The state-of-the-art Trading Room, one of only a handful in the world, provides access to financial data and software designed to give students a competitive advantage in an increasingly challenging market. The Trading Room consists of a real-time Ticker Board, Picture Wall and Data Wall, and 36 IBM ThinkCentre desktop computers with IBM 17-inch flat-screen monitors.

"The technology used to power the room is second to none," said Dr. Ahmet Tezel, associate professor of finance and director of the Trading Room. "It is what one would see on the floor of any major stock exchange, and includes capabilities to display real-time price data on many financial instruments."

The Trading Room is one room among many in Mandeville Hall equipped with technical capabilities. In addition, Wolfington Teletorium and the Moot Boardrooms, offer instructors' or podium computers, software, projectors, cameras and ports allowing users to plug notebook computers into the campus-computing network.

"Saint Joseph's recognized the enormous potential in the Trading Room, and we chose to invest in it to, in turn, invest in our students," said Joseph DiAngelo, Dean of the Erivan K. Haub School of Business. "By combining the traditional methods of teaching with the latest technology, we can give our students a full learning experience and assist in simulating real-work environments for teaching principles of business."

Saint Joseph's is at the forefront of utilizing innovative technologies, such as IBM's patented ThinkVantage Technologies, which can drastically lower lifecycle costs by diminishing downtime and maintenance in PC networks. These technologies include ImageUltra, a custom image creation technology designed to help lower IT costs; System Migration Assistant, which quickly migrates user-specific data and settings; and RapidRestore Ultra, a managed data-recovery solution that restores the software image, applications, and user data files after a software failure.

A 2003 Campus Computing Survey reveals the average ratio of help desk personnel to enrolled students for private four-year colleges is one Information Technology (IT) support person for every 227 students. In contrast, many observers of technology intensive organizations, such as colleges and universities, recommend one IT support person for every 50-75 users. Solutions such as IBM ThinkVantage Technologies ease this IT burden for schools, enabling students to handle common support inquiries without the need for help from IT staff. This means the IT department can focus on creative educational solutions rather than daily maintenance.

One of the largest programs in the Philadelphia area, Saint Joseph's MBA program provides a practical, real-world-based curriculum centered around four core themes - ethics, technology, global framework and customer focus. Most recently, the Haub School was ranked 20th in the nation and first in Philadelphia for its part-time MBA program by U.S. News & World Report's "America's Best Graduate Schools for 2004."