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This is why the NYSE shut down today
Fortune ^ | 07/08/2015 | by Stephen Gandel

Posted on 07/08/2015 2:10:59 PM PDT by SeekAndFind

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To: Resolute Conservative
Does it even make any sense? If they were doing a systems upgrade, wouldn't it have made sense to do it over the three-day July 4th weekend?

There's a little to much "coincidence" for one day.

21 posted on 07/08/2015 2:28:32 PM PDT by grania
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To: SeekAndFind

Obama’s fault.


22 posted on 07/08/2015 2:28:59 PM PDT by MaxMax (Call the local GOP and ask how you can support CRUZ for POTUS,)
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To: BlackAdderess

The WSJ website was brought down by a heavy spike in traffic from people trying to find out what had happened to the stock exchange. The United problem, they say, was a failed router.


23 posted on 07/08/2015 2:29:04 PM PDT by sparklite2
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To: SeekAndFind

Unless a crisis situation already exists, no IT manager would ever permit system maintenance to occur in a window where they could potentially impact the end user. This “upgrade” should have been performed the moment they shut down Friday after providing enough time for testing and/or recovery before restarting Monday.

So what really happened here? Never heard of SOX before?


24 posted on 07/08/2015 2:29:07 PM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: NormsRevenge

Some guy with a TRS-80 still does his trades on Compuserve?..................


25 posted on 07/08/2015 2:29:21 PM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: sparklite2

Ok, that makes sense.


26 posted on 07/08/2015 2:30:25 PM PDT by BlackAdderess ("Give me a but a firm spot on which to stand, and I shall move the earth". --Archimedes)
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To: proxy_user

Just about anybody. Not doing that is complete idiocy, if that’s what really happened.


27 posted on 07/08/2015 2:34:00 PM PDT by FreedomPoster (Islam delenda est)
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To: SeekAndFind
In my career I have been with two companies that did major serious upgrades to their computer systems...

I have zero knowledge about such systems, but I can tell you they tested and tested and tested some more until they thought it would be a relativity clean switch over...

LOL...in one case it took three weeks to get all the bugs and issues cleaned up...we has serious data loss, like more than 50 %

In their defense, they were upgrading a system so old, they had to bring in retired IT personnel to help figure things out...

It was a nightmare to say the least...

28 posted on 07/08/2015 2:41:22 PM PDT by Popman (Christ Alone: My Cornerstone...)
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To: SeekAndFind

Not buying it. They sandbox upgrades to see how they take before going live with them. This explanation is a steaming coil of post-processed press flack food.


29 posted on 07/08/2015 2:41:37 PM PDT by RinaseaofDs
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To: SeekAndFind

30 posted on 07/08/2015 2:50:57 PM PDT by SoFloFreeper
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To: Caipirabob

which is EXACTLY why I don’t buy the story.

Background: LAMP stack; System Admin.

Even if systems are redundant, you DONT do upgrades during prime time. and they JUST had a 3-day weekend to make changes/ dry runs.


31 posted on 07/08/2015 2:51:28 PM PDT by jimjohn (You don't get the kind of government you want, or the kind you need. You get the kind you deserve.)
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To: NormsRevenge

Mainframes still outperform servers. The last mainframe I supported (some 20+ years ago) had an internal bus transfer rate of 16 trillion bits per second.. The I/O rate of mainframes vs servers is of no comparison. Servers “came about” as “Globalists” wanted cheap people with “portable skills”. (ever had an computer issue and talked to someone with a “vulgar” accent)?

The mainframe “cost per user” is still less than half the cost of “open system servers” (which is *anything but **open systems***)

I once had lunch with a man who man IBM a household name..


32 posted on 07/08/2015 2:51:45 PM PDT by Original Lurker
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To: SeekAndFind

They rolled in major changes in the middle of the week? Sounds like they hired some old IRS employees who used to handle email backups.


33 posted on 07/08/2015 2:52:50 PM PDT by ken in texas
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To: NormsRevenge

Oh, and no offense intended, NR. Just I’ve “done” IT for 37+ years. The class of folk in Open Systems vs Mainframe is stunning. Rock solid folk (mainframe). Tattoos and body piercings folk (open systems (along with dark figures of evil sh!t on their desks).


34 posted on 07/08/2015 3:00:59 PM PDT by Original Lurker
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To: Ingtar
So, basically, it conveniently got implemented on a day when China was in free-fall so that NYSE traders would consider before joining the selling frenzy.

BAM! I think you nailed it.

35 posted on 07/08/2015 3:01:04 PM PDT by Kenny (,)
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To: SeekAndFind

They upgraded to Windows 10 server edition....


36 posted on 07/08/2015 3:03:06 PM PDT by minnesota_bound
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To: Red Badger

It might have been me on DEC Vax.


37 posted on 07/08/2015 3:05:03 PM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: minnesota_bound

That’s the reason they gave for the issues??
Really?


38 posted on 07/08/2015 3:05:03 PM PDT by Original Lurker
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To: Original Lurker

Good as any. : )


39 posted on 07/08/2015 3:05:47 PM PDT by minnesota_bound
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To: Ingtar

More like China conveniently decided to crash. The upgrade was announced weeks ago.


40 posted on 07/08/2015 3:07:41 PM PDT by discostu (In fact funk's as old as dirt)
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