Interactive Data Corp. acquires Quote.com from Lycos.The eSignal eSignal is a popular charting package, developed by eSignal (owned by Interactive Data Corporation). eSignal and eSignal Pro provide streaming data of financial markets and allow users to examine the data using fundamental analysis and technical analysis. (Hayward, CA) division of Interactive Data Corp. (IDC; Bedford, MA), a company which is 62% owned by Pearson, has signed a definitive agreement to acquire Quote. com and related assets from Lycos (Waltham, MA) for $30 million in cash. Lycos is a unit of Korean Daum Communications (Seoul). Quote.com produces four main services that deliver financial content and trading tools for active traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. and individual investors. The products include the QCharts and LiveCharts services that provide real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. streaming data Data that is structured and processed in a continuous flow, such as digital audio and video. See streaming audio and streaming video. and support tools, Quote.com, a financial news and analysis web site, and Raging rag·ing adj. 1. Very active and unpredicatable; volatile: a raging debate; a raging fire. 2. Remarkable; extraordinary: a raging hit on prime-time TV. Bull, an online investment community and message board site. The acquired assets generated 2005 revenue of $12.7 million with expenses of about $9.5 million. IDC said that the purchase of Quote.com will add 14,500 subscribers to its current base of 46,000 direct subscriptions. IDC said that eSignal's recently launched web sites MarketCenter.com and FutureSource.com, together with Quote.com and RagingBull.com, generate 196 million page views per month. IDC anticipates that advertising on those sites will build a "growing revenue stream." |
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