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February 21, 2003
Reuters Evolution
From Factiva:
"Mr Glocer says he's determined to stop the rot, but for the time being his task seems more that of cutting costs faster than the revenues can fall than addressing the fundamental issue of why Bloomberg is selling better than Reuters. The Fast Forward strategy has got all the right jargon, but it still looks more like a game of catch up than leapfrog, and as for the idea that Reuters' salvation lies in becoming a broad provider of information system solutions to financial services companies, what on earth became of that? Another victim of the downturn, presumably. Mr Glocer has talked his talk, but judging by the 12 per cent fall in the share price yesterday to its lowest level since flotation, the market still doesn't buy it. In theory, Reuters is bid proof because of a blocking trust. Mr Glocer would be unwise to bet on it."
Factiva is a Dow Jones/Reuters joint venture -- and this text is from a full article available on the company internal web site.
Posted by Michael at February 21, 2003 06:03 PM
Comments
well i hope your job is safe!
please, more photos !
Posted by: Roland Tanglao at February 26, 2003 01:31 AM
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