A software developer is suing his former employer Lehman Brothers in a $5 million lawsuit, over the mass lay offs of IT staff without the required notice.
A reformatting error in an Excel spreadsheet has cropped up in the largest bankruptcy case in U.S. history, prompting a legal motion by Barclays Capital Inc. to amend its deal to buy some of the assets of Lehman Brothers Holdings Inc.
Until now, the IT industry, analysts, observers, and myself have said that the near-recession in which we currently find ourselves won't have a dramatic impact on the IT business and the channel.
Lehman Brothers was increasing its investment in IT even as it headed into bankruptcy. In the last quarter, ending 31 August 2008, it spent $309 million on technology and communications, up from $282 million in the same period last year.
Lehman Brothers, which went spectacularly bankrupt yesterday, was a technology powerhouse that pioneered grid computing and was able to sell the technology it developed in house to traditional software vendors.
Sidekick: The Good News & the Bad News Either way you look at it Microsoft Data Center management did not follow standards or best practices in this failure. In which case it makes me wonder more about the outsourcing of corporate data much less personal data.
- mburton325
Surviving Windows is easier than you think… MKS offers the power of an integrated all-in-one environment and provides you with the Power of UNIX on Windows Learn More
Brought to you by:
contests & free stuff
We have 5 copies of these two new books to give to some lucky readers. The deadline for entries is November 30, 2009.
AISO founders envisioned a Web hosting company that was environmentally friendly. While the company employed energy-efficient innovations like solar panels, its infrastructure produced unacceptable power and cooling requirements. Find out how AISO leveraged AMD technology to overcome their challenge in this case study white paper.
In this whitepaper, Scalar explores the opportunity to change the landscape with respect to mission critical databases
built around Oracle. Leveraging technologies such as Linux, high-end commodity processing power and Oracle RAC
technology to architect, design, build and maintain database infrastructure that delivers maximum availability, reliability
and performance at a fraction of traditional cost.
On a typical day, weather.com, the Web site for The Weather Channel in Atlanta, serves up between 15 million and 20 million page views. But in September 2004, when back-to-back hurricanes ransacked Florida, the peak traffic on one day more than tripled: over 70 million page views by more than 7 million unique visitors. Read the full success story now.
Esther Schindler
claird
pasmith
Sandra Henry-Stocker
jfruh
mikelgan
Quick, practical advice for IT pros. Made fresh daily.
Lehman Brothers invested in IT despite credit crunch
How will the financial meltdown affect IT?
Excel error gives Barclays more Lehman assets than it wanted
Software developer sues Lehman Brothers over job losses
Lehman Brothers: Will IT innovation go down with the bank?