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Interactive
Data Corporation (ticker: IDCO, exchange: NASDAQ) News Release
- 26-Jun-2001
Data
Broadcasting Changes Corporate Name to Interactive Data Corporation
--Nasdaq NM:IDCO--
| BEDFORD,
Mass., Jun 15, 2001 (BUSINESS WIRE) -- Data Broadcasting
Corporation (Nasdaq NM: DBCC), a leading source of securities
pricing, financial information and analytic tools to
global institutional, professional and individual investors,
today announced that the company has changed its corporate
name to Interactive Data Corporation.
Effective Wednesday, June 20, Interactive Data Corporation
will trade on the Nasdaq National Market under the
ticker symbol IDCO.
The re-branding to Interactive Data Corporation
follows last year's merger between the former Data
Broadcasting Corporation and FT Interactive Data.
Stuart Clark, president and chief executive officer,
commented, "Our new name more accurately reflects
our company's current customer base, operating divisions
and technological innovations. Most important, it
takes advantage of our brand equity in the institutional
investor marketplace, where Interactive Data is recognized
as one of the industry's premier sources of essential
financial information and analytic tools."
Interactive Data's three operating divisions will
retain their existing names: FT Interactive Data,
a leading provider of financial market data to the
institutional marketplace; CMS BondEdge, a leader
in fixed income analytical software; and eSignal,
a provider of streaming, real-time financial market
data, news, analytics and decision support tools aimed
at professional and active traders.
For more information on Interactive Data Corporation,
please visit the company's new web site at www.interactivedatacorp.com.
About Interactive Data Corporation
Interactive Data Corporation is a leading global provider
of securities pricing, financial information, and analytic
tools to institutional and individual investors. The
company supplies time-sensitive pricing, dividend, corporate
action, and descriptive information for more than 3.5
million securities traded around the world, including
hard-to-value, unlisted fixed income instruments. The
company links to most of the world's best-known financial
service and software companies for trading, analysis,
portfolio management, and valuation.
Interactive Data Corporation is headquartered in
Bedford, Massachusetts. Through its branded businesses,
FT Interactive Data, CMS BondEdge, and eSignal, Interactive
Data Corporation has approximately 1,600 employees
in 22 offices in North America, Europe, Asia, and
Australia. Pearson plc (NYSE: PSO), an international
media company, whose businesses include the Financial
Times Group, Pearson Education, and the Penguin Group,
is a majority shareholder of Interactive Data Corporation.
CONTACT: Lippert/Heilshorn & Associates, New York
(Investor Relations)
Harriet Fried/John Nesbett, 212/838-3777
hfried@lhai.com
or (Media)
Chenoa Taitt, 212/838-3777
ctaitt@lhai.com
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"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this press release
regarding Interactive Data Corporation's business which are
not historical facts are "forward-looking statements" that
involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual results
to differ from those contained in the forward-looking statements,
see "Risk Factors" in the Company's Annual Report or Form
10-K for the most recently ended fiscal year.
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