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More than forty technology companies, including IBM and Intel, today announced the formation of Blade.org, with new members, bylaws and workgroups. Blade.org is a collaborative organization focused on facilitating the utilization of blade technology by customers, partners and solution providers.

In July, IBM announced the intent to form Blade.org together with Intel and other industry leaders. New members announced today include Altiris, AMD, Avnet, BladeFusion, Broadcom, Brocade, CGAtlantic, Citrix Systems, Clovis Solutions, Devon IT, Emulex, Force10 Networks, Fulcrum Microsystems, HCL Technologies, IBM, Intel, iVivity, Mazu Networks, Myricom, NetApp, NetEffect, Neoware, Nortel, Novell, OpenService, PathScale, QLogic, Qumranet, Red Hat, Sensory Networks, Server Engines, Stargen, The introduction of computers into the banking business has a wide variety of legal implications that merit careful attention at this very early stage. The industry is highly regulated by government and, hence, is subject to many statutes and regulations. It also is affected by important common law rules established by courts. The legal ramifications involve not only the mechanization itself, but also the very significant, economically attractive phenomenon of off premises processing. It is essential to identify and provide for many legal aspects right now, before systems and practices crystallize, in order to avoid the later impact of unanticipated physical complications and expense.The legal aspects of computerization in the banking business are especially diverse. In some states, there might be the basic question whether banks are authorized by law to invest in the new facilities, either directly or through cooperatives. More challenging are questions relating to off-premises processors, particularly with respect to the obligation not to disclose information concerning a bank's customers, the adequacy of fidelity bond coverage, the extent of liability for improper...