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Wall Street Still Likes Linux, But for New Reasons

Apr 02, 2008, 14:15 (1 Talkback[s])
(Other stories by Jacqueline Emigh)

"A few years ago, financial services firms tended to point to low cost and customizability of components as their major reasons for turning to Linux and open source. But at the Linux/Open Source on Wall Street show today, panelists devoted more of their remarks to topics such as multi-OS server consolidation on mainframes and creating realtime Linux applications for PC servers, aptly reflecting the growing complexity of software environments in financial firms and elsewhere.

"Citigroup, for instance, now plans to add Linux applications to a set of 'core' Unix and mainframe apps recently consolidated on an IBM Z10 server, said Aaron Graves, the bank's senior VP for architecture and technology engineering, in a panel session..."

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