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Comments: 1 +-   Data Centers Crucial to Lehman Sale-> on Wednesday September 17 2008, @06:54AM miller60

Submitted by miller60 on Wednesday September 17 2008, @06:54AM
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miller60 writes "What assets retain value in the midst of a financial panic? Data centers. When assets of bankrupt Lehman Brothers were sold to Barclays Tuesday for $1.75 billion, Lehman's data centers and headquarters accounted for $1.5 billion of the value in the deal. That echoes the JPMorgan-Bear Stearns fire sale, in which Bear's two data centers and HQ represented much of the sale price. Amidst financial turmoil, Wall Street's high-tech data centers become the crown jewels for buyers of distressed assets."
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