----------
> From: F. Alfredo Rego <[log in to unmask]>
> To: [log in to unmask]
> Subject: New Fidelity CIO Cancels Unix Project
> Date: Monday, May 12, 1997 1:14 PM
>
> FYI, from InformationWeek 5/12/97:
>
> _____New Fidelity CIO Scraps Financial Systems Project_____
> Fidelity Investment Co. last week laid off 97 IT employees
> as the company scrapped a Unix financial systems project
> designed to replace the core mainframe systems supporting
> the company's mutual funds and brokerage operations.
>

Sheesh --- I saw the information on that system and it was supposed to be
one sophisticated system!  It was supposed to be the "Vanguard Killer"
from what I understand (Vanguard being a competing Fund group).

Glad my IRA's in Vanguard <g>  It's not a 3000, but I can access my
account through a secure server :-)

Joe