Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Linux waddles from obscurity to the big time (Bankers put on Tux - my title)
USA Today ^ | 08/04/2002 | Byron Acohido

Posted on 08/06/2002 7:49:30 AM PDT by taxcontrol

SEATTLE — When investment bank Dresdner Kleinwort Wasserstein began making the switch to the Linux computer operating system in 1999, it did so to save money.

The Germany-based bank sought a less-costly way to calculate risks associated with its portfolio of investments. So it replaced 32 computer servers, based on the time-tested Unix operating systems, at an average cost of $50,000 each, with 40 Linux servers, at $3,000 a pop.

Then Dresdner discovered a bonus: Linux, the upstart open-source operating system, was not only cheaper — but also faster. The Unix servers took 17 hours to calculate how much cash the bank needed in reserve to offset its investment risk. The Linux servers made the same calculation in 11 minutes.

(Excerpt) Read more at usatoday.com ...


TOPICS: Business/Economy; Technical
KEYWORDS: linux
Linux - reliable - scalable - cost effective. Heck, it's BETTER than sliced bread.
1 posted on 08/06/2002 7:49:30 AM PDT by taxcontrol
[ Post Reply | Private Reply | View Replies]

To: taxcontrol
Unfortunately it won't go prime time until it has client software - i.e. Office - that the target market wants.
2 posted on 08/06/2002 8:25:23 AM PDT by grobdriver
[ Post Reply | Private Reply | To 1 | View Replies]

To: taxcontrol
Already posted here.
3 posted on 08/06/2002 8:26:14 AM PDT by HAL9000
[ Post Reply | Private Reply | To 1 | View Replies]

To: grobdriver
The OpenOffice Suite replaces MS Office on Windows machines, plus it also runs on Linux, so you can read and write those MS file formats. Works Great !

Price -- FREE !!

checkout http://www.openoffice.org

4 posted on 08/06/2002 8:45:44 AM PDT by AmberWaves
[ Post Reply | Private Reply | To 2 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson