Rookie building a new computer

hi there,
this is the first time i am posting a question to this community. I am a finance guy looking to build my own computer for running data intensive programs (Matlab/SAS), for supporting 3 monitors to view bloomberg/ markets, and maybe eventually using my PC as a home theater PC. I have no previous computer building experience
and I am not looking for extreme gaming solutions or over-clocking.
Budget = max $1500 (for new i7 950 CPU, casing, 12GB RAM, power supply, motherboard, optical drive, intel SSD). I already have 3 monitors and an ATI HD 5770 video card.

this is what i have so far:

A. $230 intel x25m 120 gb SSD
B. $240 Patriot Viper II Sector 7 Edition DDR3 12 GB (3 x 4 GB)
C. $120 Antec CP-850 850 Watt CPX Power
D. $185 Antec P193 Advanced Super Mid Tower case for low noise
Total so far = 775; remaining budget for CPU + motherboard = 725 max

I would be grateful if you could let me know what you think about my choices so far and whether i should wait for the new Sandybridge intel processor and compatable motherboard. Also, please offer your recommendations on the what is the best:

1. motherboard
2. CPU
3. RAM

thanks very much
4 answers Last reply
More about rookie building computer
  1. I Think you should wait for the sandy bridge
    They are much better than the LGA 1366 except the guftdowns
  2. thanks sr26. Any thoughts on the motherboard and the other components?
  3. NZXT M59 - 001BK Black Steel ATX Mid Tower Computer Case
    Item #: N82E16811146058
    Return Policy: Standard Return Policy
    -$20.00 Instant

    SAMSUNG Spinpoint F3 HD103SJ 1TB 7200 RPM SATA 3.0Gb/s 3.5" Internal Hard Drive -Bare Drive
    Item #: N82E16822152185
    Return Policy: Standard Return Policy
    Protect Your Investment (expand for options)

    Antec EarthWatts EA750 750W Continuous Power ATX12V version 2.3 SLI Certified CrossFire Ready 80 PLUS Certified Active PFC ...
    Item #: N82E16817371026
    Return Policy: Standard Return Policy
    Protect Your Investment (expand for options)
    -$50.00 Instant
    $20.00 Mail-in Rebate

    G.SKILL Ripjaws Series 8GB (2 x 4GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory Model F3-12800CL9D-8GBRL
    Item #: N82E16820231314
    Return Policy: Memory Standard Return Policy

    LITE-ON Black 4X Blu-ray Disc Reader SATA Model iHOS104-08
    Item #: N82E16827106326
    Return Policy: Standard Return Policy
    Protect Your Investment (expand for options)

    Crucial RealSSD C300 CTFDDAC256MAG-1G1 2.5" 256GB SATA III MLC Internal Solid State Drive (SSD)
    Item #: N82E16820148349
    Return Policy: Limited Replacement Only Return Policy
    -$30.00 Instant

    Subtotal: $919.94

    This Leaves 600$ for The Sandy Bridge Cpu and Mobo
    The Mobo will come out along with the sandy bridge
  4. sr26, OP already has PSU, case, and memory. He said so.
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