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Michael Paauwe wrote:
> Extracts from the Globe and Mail today on Dow Jones Telerate:
> ___________________________________________________________________________
>
> Tuesday, February 10, 1998 Copyright Globe and Mail
>
> Dow Jones takes $922-million charge
> Financial data unit's sale expected
> By Brian Milner
>
> NEW YORK -- Media giant Dow Jones & Co. Inc. has written off
> close to $1-billion (U.S.)on its troubled financial information unit, likely
> paving the way for a quick sale of the profit-draining business. But even
> dumping Dow Jones Markets, the albatross formerly known as Telerate, is
> unlikely to ease pressure on senior executives, who have come under intense
> fire from dissidents from the controlling Bancroft family and disgruntled
> institutional investors for producing lacklustre results in what turned out
> to be a golden year for the industry.
>
> The project was called Rolling Thunder internally. But insiders
> quickly dubbed it Rolling Blunder.
>
> Michael Paauwe
> mpaauwe@xxxxxxxxxx
Guess they were putting all their hopes on TradeStation 5.0
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