Podcast #15 from IBM Fellow Grady Booch explores the Nine Things to Do With Old Software. Here is the list, but you'll need to listen to his podcast to get the dialogue, discussion and details.
1) Abandon it.
2) Give it away.
3) Ignore it.
4) Put it on life support
5) Rewrite it.
6) Harvest from it.
7) Wrap it up.
8) Transform it.
9) Preserve it.
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