E*TRADE goes Linux with IBM

InternetNews.com reports that “E*TRADE Group Inc.made a splash at LinuxWorld Conference and Expo Wednesday as it revealed that it will migrate its entire customer-facing financial services platform to an open Linux environment including IBM Corp.’s eServer xSeries… Levine said E*TRADE’s move to Linux is now four months old in implementation, and the company has already reduced technology costs by $65 million by reevaluating how it uses technology and moving to open source software.”