Dow Jones Information Services Posts 13 Percent Drop In First Quarter Income

VENDOR STRATEGY

Dow Jones Telerate continues to gain ground overseas, and is even making a little headway in the U.S., according to Dow Jones' first quarter results. However, development costs tied to Telerate's Microsoft Corp. Windows-based version of Matrix, among other new products and technological upgrades, dragged Dow Jones' information services business' operating income down 13 percent from a year ago.

Analysts surveyed say that cost uptick aside, the numbers were within expectations. Revenue outsid

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