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.

About half of the dismissed employees were working on the
canceled project, code-named Vantage. "Instead of replacing
the [older] systems, we've decided to take parts of Vantage
and integrate them into the legacy core systems," says a
Fidelity spokeswoman. Other laid-off employees include
developers and application testers in the Boston investment
firm's centralized IS organization, Fidelity Systems Co.,
says the spokeswoman.

Steve Akin, Fidelity's former head of retail customer
development, succeeded Albert Aiello earlier this year as
president of Fidelity Systems. His decision to cancel
Vantage was made after the project had been in development
"quite some time, with substantial investments," says the
spokeswoman, who declined to provide further details on the
technology used. Akin could not be reached for comment.
--Marianne Kolbasuk McGee