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SAN MATEO, Calif., May 20 /PRNewswire/ -- Data Broadcasting Corporation
(Nasdaq: DBCC) today announced plans to switch the portion of its
subscribers
affected by the failure of Galaxy IV to another communications satellite.
DBC
said that its satellite vendor, MicroSpace, is working to redirect Data
Broadcasting's signal to Galaxy III-R in order to minimize service
interruption to its BMI satellite subscribers. There has been no disruption
to DBC's Signal and QuoTrek subscribers or BMI cable subscribers.
"We have been advised by MicroSpace that this solution should be
implemented within hours," said Mark F. Imperiale, president and chief
operating officer of Data Broadcasting. "Until then, we recommend our
subscribers avail themselves of Data Broadcasting's free delayed quote
information service available over the Internet at
http://www.cbs.marketwatch.com.
We are grateful to MicroSpace for their rapid response."
While frequencies will remain the same, BMI subscribers receiving
financial data via satellite will need to adjust their antennas by
approximately four degrees. Exact coordinates for each city are listed on
MicroSpace's Web site, http://www.microspace.com and will be available at
http://www.dbc.com/cc .
Data Broadcasting Corporation is America's leading provider of real-time
market data to the individual trader and investor. The company delivers
real-
time stock quotes, financial and sports news and gaming information to
250,000
users via PCs, wireless FM, cable, satellite and the Internet
(http://www.dbc.com and http://cbs.marketwatch.com). With its Capital
Management Sciences division, Data Broadcasting also is the leading provider
of fixed income portfolio analytics used for valuation and risk management
purposes.
Matters discussed in this release include forward-looking statements
that
involve risks and uncertainties, and actual results may be materially
different. Factors that could cause actual results to differ include the
response of competitors to the company's new services, acceptance of the
Internet as a valid real-time distribution platform by institutional
customers, activity levels in the securities markets and other risk factors
listed in the company's 10-K and 10-Q reports to the Securities and Exchange
Commission.
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