Track Data To Buy Non-Internet Biz Of PC Quote
VENDOR STRATEGIES
Following word that it had hired William Blair & Co. to help it come up with a strategy to stay afloat (IMD, February 24), PC Quote has signed a non-binding letter of agreement with Track Data to sell its non-Internet business--what was its core, market data quote business--for some 750,000 shares of common Track Data stock, and contingent cash payments of up to 50 per cent of the pre-tax earnings of the acquired business for a three-year period. At the same time, the vendor, which has decided
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