http://news.bbc.co.uk/1/hi/business/6066244.stm
"Internet bank Egg has said it will make a loss this year because people are borrowing less on credit cards and defaulting on personal loans." Perhaps the real reason is that it's not attracting enough new business. And actually never has. And I believe the name to be a causitve factor. The Prudential is a typical basket case - suckers for the chimera of "distributed computing" (used to be a solid mainframe-based outfit) and rampant airline magazine driven outsourcing. It reversed its policy of off-shoring call centres a while back - perhaps they'll go back to a decent centralised IT model one day? I long for the days of properly thought out business plans and arguments into the night with HP12Cs and a bottle of Metaxa. Their current IT model is really just a symptom of a lask of management vision. -- Phil Payne http://www.isham-research.co.uk +44 7833 654 800 ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
