ADP Signs Kidder: Windows, Rs/6000s At $75 Per Terminal

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Kidder Peabody & Co. has signed a six-year agreement to receive market data services from ADP. When customization work is completed in early 1993, Kidder will install Windows- based PS/2 workstations, replacing Quotron Q1000 terminals on some 2,400 users' desks.

Although the loss of the Kidder deal will deprive Quotron of some $4 to 5 million in much-needed existing annual revenue, ADP will only be gaining some $2 million yearly from the deal, say sources familiar with the agreement. At appro

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