Editor’s Letter
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Fidelity spent in excess of $2 billion on technology last year and will spend in that range again in 2002. In fact, "we may even spend a bit more; we have no plans to pull back," says company spokesman Dan Flaherty (see cover story, this issue).
The numbers imply an infrastructure vast enough that firm-wide shifts in strategy aren’t taken lightly. The company’s move to embrace XML came as the firm identified a top priority: simplifying the communication between different systems and
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