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DCOM |
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DCOM(Distributed Component Object Model) Formerly Network OLE, it is Microsoft's technology for distributed objects. DCOM is based on COM, Microsoft's component software architecture, which defines the object interfaces. DCOM defines the remote procedure call that allows those objects to be run remotely over the network. DCOM began shipping with Windows NT 4.0 and is Microsoft's counterpart to CORBA. See COM, component software and CORBA.
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Because of its focus on multi-family real estate lending and its limited geographic diversity, DCOM is particularly exposed to the local real estate market which continues to exhibit strong characteristics, a significant driver in the company's strong asset quality indicators. 9, 2004, DCOM initiated an exchange offer whereby up to $70 million of registered trust preferred securities (series B capital securities), which bear a fixed interest rate of 7% and mature in 2034, were offered in exchange for a like amount of 7%, 30-year trust preferred securities previously sold in a private transaction (series A capital securities) in March 2004. As a result, neither Dime Community Capital Trust I nor DCOM will receive any cash proceeds from this issuance. |
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