Strike fails to halt Wall St
NEW YORK – The three-day December transit strike that halted New York City's public transportation system inconvenienced and chilled the city's workers, but the overall impact on Wall Street firms and their disaster recovery plans was minimal, according to industry analysts.
"There were some hiccups," but no incidents of business applications going offline, says Harrell Smith, an analyst for market researcher Celent Communications. "In a post-9/11 world, New York firms really prepare for this," Smith says. "It was kind of a logistical challenge and it certainly did eat up some additional resources, but not enough to have a severe impact."
Randy Grossman, an analyst
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