One firm’s pain is another’s gain

March 19, 2008

The meltdown of Bear Stearns may have the rest of Wall Street nervous, but solution providers say that such nervousness could signal a new wave of IT opportunities for those ready to move fast on virtualization.

The purchase of New York-based financial services firm The Bear Stearns Companies on Monday by JPMorgan Chase at the fire sale price of $2 per share was unveiled on the same day that Stamford, Conn.-based analyst firm Gartner said that financial services was by far the biggest niche market for servers.


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