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Bank Technology News: Linux Woos Wall St.

Aug 14, 2003, 18:00 (1 Talkback[s])
(Other stories by Michael Sisk)

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"It is fair to say that wall street is neither a place given to bouts of whimsy, nor one inclined to tolerate that trait in others. But when executives began first learning about Linux, an operating system with an open-source code created in the early 1990s, they had no choice but to face the Linux mascot: a youngish penguin sitting unceremoniously splay-legged on his behind, with the blank, food-coma expression of a bird that has gorged itself on one too many herrings. A well-dressed mascot for sure, but still not the kind of image the button-downed executives were accustomed to seeing.

"Yet as unlikely as the pairing between the financial services industry and this little penguin might at first have seemed, there is now downright excitement. It turns out that Linux can help Wall firms accomplish a task it prizes above almost all else: cutting costs..."

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