Bunker-Ramo Corp. v. Porterfield

The appellee is a foreign corporation which is in the business of receiving and electronically processing stock and commodity sales and bid-and-ask data from the New York Stock Exchange, American Stock Exchange and the numerous commodity markets. This electronically-processed data is then stored in computers located at the Telecenter in New York and in Satellite computers located throughout the country, which data is then transmitted over leased wires to electronic equipment owned and installed by Bunker-Ramo Corporation upon its subscribers’ premises.

There are no Satellite computers in the…