Everything Must Go: Drexel's Software Garage Sale
THIS WEEK'S LEAD STORIES
What remains when you close the doors on a full-service Wall Street firm? Among other things, a truckload of valuable software, judging from the goods currently being peddled by Drexel Burnham Lambert. Drexel's traders may be gone, but a handful of systems analysts, in an effort to liquidate Drexel's resources and perhaps score jobs with prospective purchasers, have stayed on to hawk the fallen company's reputable software. It's all for sale at rock-bottom prices.
"We're liquidating the firm,"
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