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Data Centers Crucial To Lehman Sale

Posted by kdawson on 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."

3 of 301 comments (clear)

  1. Re:Suprising? by Blimey85 · · Score: 0, Troll

    Their insurance company: AIG.

    And did you notice that it wasn't until after a cool mil was wired to a bank in the Caymans that AIG was bailed out? Source of that wire? The landlord. What's a mil when you're talking about 17.5% (your 15% is inaccurate) of your total income? Who would have thought The Fed could be bought like that?

    DISCLAIMER: I'm bored so I just made all that up. Does sound plausible though, to me at least, but then again I've had but two hours of sleep so what do I know?

    --
    How is it that one careless match can start a forest fire, but it takes a whole box to start a campfire?
  2. Re:Asset valuation programmer seeks job by jlarocco · · Score: 0, Troll

    If you want to donate your money to bailing people out, feel free. There's nothing stopping you.

    But what gives you the right to take my money and force me to help you? I have better things to spend my money on.

    --
    Maybe not
  3. Re:There's a difference between 'dumb' and 'trusti by Ethanol-fueled · · Score: 0, Troll

    Mod parent redundant. I can see sympathy of the mods towards comments like yours(and the antipathy of moderations to the "I told you so" comments).

    I despise predators as much if not more than you do, but what is your proposal? Utopia? Everybody getting along all nice-like? An artist's rendering of the garden of Eden with attractive humans kickin' it with the lions and tigers?

    Pull your head out of the sand -- humans are animals and are slaves to the animal urges. Predation(and higher-level instincts on top of it such as competition and greed) is a part of life as much as sex is. If that's too much for you, then there's always the monastery, and why not? It's not like humans need nice cars and fancy houses to be happy.