The codename for the DEC Alpha series.
From Wikipedia:
A persistent report attributed to DEC insiders suggests the choice of the AXP tag for the processor was made by DEC's legal department, which was still smarting from the VAX trademark fiasco. After a lengthy search the tag "AXP" was found to be entirely unencumbered. Within the computer industry, a joke got started that the acronym AXP meant "Almost Exactly PRISM".
WikiPedia:
http://www.linuxjournal.com/article/0184