Data Centers Crucial To Lehman Sale

Posted by kdawson on Wednesday September 17, 2008 @05:45AM from the gilt-edged dept.

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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Re:Asset valuation programmer seeks job by Anonymous Coward · 2008-09-17 19:22 · Score: 0, Offtopic

In the words of Warren Buffet, "Derivatives are Weapons of Mass Destruction"
Looks like one just got detonated... enjoy the fallout.
On a semi related note, looks like the US gov went looking for WMDs in the wrong part of the world...