| Wall Street embraces Linux [Forbes] |
Mar. 28, 2002
Linux is again making waves on Wall Street, but this time around it is as an operating system used to run the Street's servers and desktops, rather than as a rising star on the stock exchange . . .
"Merrill [Lynch] is one of many Wall Street brokerages doing a large-scale Linux deployment in an effort to cut their costs and boost revenue . . . it also shows that Linux does in fact threaten Unix. Sun Microsystems the leading Unix provider, has only recently communicated what can be construed as a semi-comprehensive Linux strategy--perhaps prodded by customers like Merrill."
"We are telling all of our vendors that they need to have some kind of Linux strategy," says Carey, chief technology architect at Merrill. "We are hearing that consistently from everyone on Wall Street."
". . . Steve Yatko [chief technology officer of securities IT at CSFB] was just as direct. "We don't treat Linux as a toy. We've got real business problems that we need to solve."
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