by CIO Staff

Fujitsu Blamed for Stock Exchange Crash

Nov 07, 20051 min

The Tokyo Stock Exchange has blamed Fujitsu for a system crash that paralyzed Asia’s largest bourse last week. AFP reports that Takuo Tsurushima, president of the stock exchange, said the crash was linked to Fujitsu’s failure to communicate important information about a software upgrade that had been implemented last month. The news service reports that the crash came at a delicate time for the bourse, which has already been forced to delay a planned initial public offering of its own shares that it hopes will boost efficiency and competitiveness. Read more.