Reuters' Stock, ADR Fall; 3000 Concerns, Forex Are Factors
VENDOR STRATEGIES
Reuters' stock price has plunged 18 per cent to £600.5 since last April. Its ADR price has tumbled 24 per cent to 57 1/8 since last October. The shrinking foreign exchange market and concerns that the vendor's new 3000 product series may not be a panacea are two of the factors in the decline.
The foreign exchange market is one of Reuters' strategic franchises. Foreign exchange accounts for about half of the vendor's global information services business, according to Waters Information Services' M
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