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

“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