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Stumpf also said that while Wells Fargo is hesitant to start cutting back its network of branches, they're probably going to get smaller and a little more thinly staffed going forward, in order to cut costs: Part of it is tightening our belts.Meanwhile, software is the product differentiator. Though the company's ONTAP 8 Cluster Mode software requires data migration, which is painful, but version 8.2 provides better migration tools and offers almost all the features of ONTAP 7.

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The Germans know Greece cant pay under the current conditions but fear than any renegotiation would lead to similar deals for the other GIIPS and thus more hits to EU banks and other private sector creditors!

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