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InternetNews.com: LWE: E*TRADE Goes Linux with IBM

Jan 31, 2002, 14:30 (15 Talkback[s])
(Other stories by Thor Olavsrud)

"NEW YORK -- E*TRADE Group Inc. (NYSE:ET) made a splash at LinuxWorld Conference and Expo Wednesday as it revealed that it will migrate its entire customer-facing financial services platform to an open Linux environment including IBM Corp.'s eServer xSeries...

[E*TRADE CTO Josh] "Levine said the company is likely to replace about 300 servers (possibly more), and going with a commoditized operating system allows the company to maximize cost efficiencies. Levine said E*TRADE's move to Linux is now four months old in implementation, and the company has already reduced technology costs by $65 million by reevaluating how it uses technology and moving to open source software. He added that the company expects to derive significant savings in the future as well..."

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