Linux Today: Linux News On Internet Time.
Search Linux Today
Linux News Sections:  Developer -  High Performance -  Infrastructure -  IT Management -  Security -  Storage -
Linux Today Navigation
LT Home
Contribute
Contribute
Link to Us
Linux Jobs


Top White Papers

More on LinuxToday


American Banker.com: Why Linux Made Inroads At Financial Institutions

Apr 12, 2002, 16:00 (29 Talkback[s])

[ Thanks to Andrew Sova for this link. ]

"When the loss of about 1,000 computer servers in the World Trade Center attacks put Lehman Brothers in the market to buy millions of dollars of systems, it looked at a slightly unorthodox option: Linux, an operating system that is as noteworthy for its speed as for the fact that its source code is free.

"Now that it has tested a Linux system in-house, Lehman plans to replace about half of the lost servers with ones that use this technology.

"'We want to push as much as we can into that space,' said Bridget O'Connor, a Lehman senior vice president and its global head of architecture and engineering technology.

"While Lehman has not yet signed a contract to install Linux, its testing showed that the system runs about twice as fast as its existing server system at roughly one-quarter of the cost, Ms. O'Connor said. 'So where we needed 24, now we need 12--that's compelling...'"

Complete Story

Related Stories: