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Interactive
Data Corporation (ticker: IDCO, exchange: NASDAQ) News Release
- 14-Sep-2001
Interactive
Data Reports On Continuous Operations
| BEDFORD,
Mass., Sep 14, 2001 (BUSINESS WIRE) -- Interactive Data
Corporation (Nasdaq NM: IDCO), formerly Data Broadcasting
Corporation (Nasdaq NM: DBCC), today confirmed that
it has operated continuously since before the horrific
national disaster that struck this past Tuesday and
that it is ready to handle the U.S. equities markets
when they reopen.
The company notes that some of its collection and
distribution facilities are based in lower Manhattan.
The facility itself is physically intact but, like
much of lower Manhattan, is not currently accessible.
The company has activated various contingency sites
and is confident in its ability to operate smoothly
from those back-up locations.
Stuart Clark, president and chief executive officer,
said, "We are extraordinarily saddened by this past
Tuesday's tragic events, the impact they have had
on the community at large and our industry. We are
thankful that at this time we have been able to make
contact with almost all our employees and have confirmed
their safety. We persist in our efforts to contact
remaining staff. Our thoughts and prayers are with
those individuals as well as all of the people impacted
by this tragedy.
"We would also like to assure our customers that,
as a result of our existing contingency plans, we
fully anticipate our operations will be able to continue
uninterrupted. For obvious reasons, certain information
may be temporarily constrained. We are working closely
with our content providers to assist them in whatever
ways we can so as to obtain the fullest possible market
data and information that are currently available."
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
Media:
Chenoa Tait, 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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