HP3000-L Archives

May 1997, Week 2

HP3000-L@RAVEN.UTC.EDU

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Tue, 13 May 1997 15:36:31 -0400
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     > 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 :-)

     >>>>> I have $ in Vanguard too. You'll be glad to know that Wellington
     Mgmt, which manages a lot of Vanguard's cash, uses HP 3000's
     extensively.
     Being in Boston, I know some techie's at Fidelity (which has TONS of
     Unix boxes)...wonder if they're looking for work...:)

     [log in to unmask]
     Software Control Analyst
     Harvard Pilgrim Health Care, Quincy, MA
     WWW.HarvardPilgrim.Org

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