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By Troy Wolverton
Posted on ZDNet News: Jan 31, 2002 11:00:00 PM

E*Trade announced Thursday that it is the latest company to jump on the Linux bandwagon.

The online brokerage is moving its computer systems over to IBM servers that run the operating system. In a statement, E*Trade cited cost savings and performance as reasons for switching to Linux.

E*Trade is replacing a number of its middleware servers based on Sun Solaris with IBM xSeries Intel servers running Linux, said Bill Zeitler, senior vice president and group executive of IBM's server group in a speech at LinuxWorld. Zeitler said the new system would triple the number of customers E*Trade's systems can handle at any one time.

E*Trade did not say in its statement how many servers it is replacing. The company also did not say how much it is investing in the new system. -- Troy Wolverton and Stephen Shankland, Special to ZDNet News

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