2008 Headlines
Grant from Intel Gives Johnson School's Parker Center for Investment Research More Computing Power
Expands number of computers and monitors, facilitating greater usage of the Parker Center
December 8, 2008 | Ithaca, NY | The Johnson School at Cornell University is pleased to announce that Intel Corporation has provided a grant that has been used to upgrade and expand the computers and monitors for the Parker Center for Investment Research. The grant has effectively doubled the number of student workstations from 16 to 32, and will allow the Parker Center to more easily accommodate the student fund managers of the Cayuga MBA Fund and those enrolled in other MBA courses that are conducted in the Center.
The Parker Center for Investment Research is dedicated to the creation and dissemination of leading-edge financial research. At the heart of this enterprise is an analytic research laboratory with the capability to integrate real-time data feeds and perform fundamental financial analysis on large samples of firms and listed securities. Using proprietary software developed by the Center and other tools provided by the Center's vendor-partners, the lab has the capability to test investment ideas produced by recent research in finance and accounting.
Intel Corporation partnered with the Johnson School in 1998 as a founding sponsor of the Parker Center and provided the capability for high performance systems to support computationally intensive data analysis tasks. Live data feeds, software analytical tools, and data on listed securities have enabled the Parker Center to become a leader in investment research education. The Center currently has software from FactSet, Thomson Financial, Capital IQ, Interactive Data Corporation, Bloomberg and others which give Johnson School students hands-on experience with some of the best tools available to the investment community.
Lakshmi Bhojraj ('95, MBA '01), director of the Parker Center for Investment Research, comments, "the Parker Center is an important resource to train MBA students for careers in equity analysis and portfolio management. It is one of the reasons that students pursuing this track choose the Johnson School over other business schools, and this grant will help us maintain the quality and accessibility of the Parker Center for our students."
Cornell alumni working at Intel were active in helping secure this funding including Anand Chandrasekher (BS Eng '86, MEng '87, MBA '88), senior vice president, and Justin R. Rattner (BS Eng '70, MEng '71), Intel senior fellow, vice president and Intel Chief Technology Officer.
