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Some points from the web cast: <div>&nbsp;</div> IT budgets are not growing at the rate of pace consistent with the rate of growth of number of users and growth of data; what should we do to bring greater efficiency and better optimization to the physical infrastructure. What do software developers need to do in support of that. <div>&nbsp;</div> Applications are causing the big headaches for executive. At the top of the list is: updating and moderninzing key legacy applications. <div>&nbsp;</div> How can you utilize system z to reduce cost, boost productivity and performance? How can compiler technology and application development tool can be successful tools to reduce cost, boost productivity and performance? <div>&nbsp;</div> Our latest compilers and middleware take advantage of the latest micro-processor instructions. This boosts performance of the application running on the latest hardware, e.g. z10 or z196. <div>&nbsp;</div> We offer an integrated set of tools for analysis, test, release management and planning that leverages system z modernization to deliver productivity. <div>&nbsp;</div> There are four types of modernizations: skills, teams, application, and infrastructure. The compilers come into play in the infrastructure modernization. <div>&nbsp;</div> The IT industry is moving quickly. When our assets have such lasting values it is easy for them to loose touch with advances in technology. There is also a growing concern around the infrastructure efficiency. To address these IBM Enterprise Modernization solutions achieves greater value and performance from your IT investments by <br /> -&gt; Revitalizing Applications <br /> -&gt; Empowering People <br /> -&gt; Unifying teams <br /> -&gt; and optimizing Infrastructure <div>&nbsp;</div> The modern compilers that we are developing for Enterprise languages on system z have a couple of goals <br /> -&gt;to maximize the capital investment made in them in terms of the value they bring to the business <br /> -&gt; free up the MIBS used for development and use it in production <div>&nbsp;</div> It's important to keep up with latest development, e.g. tuning for the latest platform, e.g. z196, update to the latest compilers, and updating to the latest tools. <div>&nbsp;</div> Enterprise COBOL, V4.2, is validated on z196. In this release we see significant enhancements to unicode performance; supports Java interoperability by object-oriented COBOL syntax <div>&nbsp;</div> Common Back-end architecture is coming in the future releases of the zEnterprise compilers. <div>&nbsp;</div> Next release of COBOL Compiler: Support for new middleware features, Increase data item size limit, Debug support, Internationalization, Plan to remove some old/obsolete syntax. <div>&nbsp;</div> We intend to run a “Closed” beta program in 2012 for COBOL. <div>&nbsp;</div> There is also information about new features in PL/1, V4.2, and C/C++, V1R13, compilers and the strategy for the future releases of compilers.