1/22/2003 - Red Hat, Inc. (Nasdaq:RHAT), the world's premier open source and Linux provider, announced that Michael Tiemann, Chief Technical Officer at Red Hat and Jeffrey Birnbaum, Managing Director Global Head of Enterprise Computing in the Institutional Securities Division, Morgan Stanley, will conduct a keynote address on the "100 Million Reasons Why Architecture Matters". The keynote will be held on Wednesday, January 22 at 1:30pm at the Jacob Javits Center in New York.
During the presentation, Birnbaum will explain how the architecture Morgan Stanley engineered in 1995 enabled the Unix-to-Linux migration they undertook in 2001. Michael Tiemann will discuss how Linux fit within, and ultimately validated, that architecture.
"In the financial services industry today, information technology means money," said Michael Tiemann, CTO of Red Hat. "Better information systems lead to more competitive offerings, which ultimately lead to better financial performance for both clients and the firm. While many TCO studies give textbook-style reasons why enterprises should expect 6x to 16x improvements by migrating from proprietary Unix systems to Linux running on commodity hardware, few have realized these results so rapidly, completely, and with as little risk as Morgan Stanley."
"A growing number of banks and financial firms are adopting Linux primarily in the areas of application integrations and server consolidation. The cost savings between Sun Solaris/SPARC and Linux/x86 can be significant, and a number of banks are following this trend," said Stacey Quandt, Industry Analyst, Giga Information Group. "The ability to reduce software licensing fees is another driver of Linux migrations."
Red Hat will showcase enterprise Linux solutions with key partners and customers during the LinuxWorld Conference and Expo. For more information on Red Hat events and exhibits, please visit http://www.redhat.com or visit booth 838.
About Red Hat, Inc.
Red Hat is the world's premier open source and Linux provider. Red Hat is headquartered in Raleigh, N.C. and has offices worldwide. Please visit Red Hat on the Web at www.redhat.com.
LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc.
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