Could open source have helped Lehman’s technology customers?
Computerworld has a very interesting article that reports even as Lehman Brothers was heading toward bankruptcy it invested $309M on technology and communications in the quarter ended Aug. 31. This figure represents a 9.5 percent year-to-year increase, which is down from the 18 percent increase, to $1.145 billion, in IT costs for the full year 2007 vs. 2006.
It seems that Lehman was involved in selling some of its technology, specifically around a high-speed trading platform for equities called Baikal, to a number of investment banks and brokers.
Could open source have helped Lehman’s technology customers? | InfoWorld
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