Linux Today: Linux News On Internet Time.

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..."

Complete Story

Related Stories: