Data Centers Crucial To Lehman Sale

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."

Comments

Re:It's all about the data

[plopez]

we can still watch the original series of Knight Rider on re-run channels.
yeah, but advertisers are still paying to run ads. this still gives a (bad) tv series value.

Re:There's a difference between 'dumb' and 'trusti

[Bill, Shooter of Bul]

Well, I thought it couldn't be repeated enough. But seeing as how that got modded funny, it appears that it loses its meaning upon repetition, but appreciates in humor. But at some point of repetition it will stop being funny. But what will it become then? Only one way to find out. ...

I have to point it out: dumb people do not DESERVE to be taken advantage of by smart people. Social Darwinism is an inherently fascist, evil, and anti-social philosophy that destroys societies and people's lives. Don't subscribe to it. Society works because of trust, and social Darwinism destroys that trust.