Reuters Redefines Gazelle, Faces Tough Second Half

VENDOR STRATEGIES

LONDON--In an internal memo updating Project Gazelle, Graham Albutt, president of Reuters Business Technology Group, highlights successes in Gazelle and the Reuters.Net instant messaging service, Inside Market Data has learned. However, some analysts awaiting this week's earnings report are skeptical about such claims and believe that Reuters faces a tough second half.

According to Albutt's internal memo, the aims of Gazelle "remain as valid now as they were when we began."

He goes on to outl