Lotus Telerate Split Revenue Dispute Contributes To Breakup

Announcing they "had been unable to reach a mutual agreement regarding implementation of the joint venture," Lotus Development Corp. and Telerate, Inc. are going their separate ways after a protracted effort to develop a real-time spreadsheet product. Known as Tradewin, the product was to consummate a systems marriage long awaited by traders.

Sources close to the deal say Lotus and Telerate could not come to terms on how the revenue pie would be sliced, both parties claiming to be the more