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CNET News: IBM Aims Linux at Financial Companies

Jun 20, 2002, 14:30 (5 Talkback[s])
(Other stories by Stephen Shankland)

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"IBM on Thursday will announce the opening of a technology center geared to lure financial services companies to servers using the Linux operating system.

"IBM initially will fund the center in Manhattan with $1 million, helping financial services companies move their software to Linux computers, the company said. Though the company didn't disclose how many employees will work in the center, other IBM facilities for helping customers and companies develop their software typically have 12 to 50 employees.

"Big Blue, whose Linux customers include more than 40 financial services companies, is among a host of companies using Linux to try to steal business from Sun Microsystems, which has long enjoyed strong sales to brokerages. Intel and Reuters on Wednesday broadened an alliance signed in May with Hewlett-Packard to advance a Linux version of its server software for exchanging financial information. The broader alliance includes more marketing and joint development work.

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