BRIEF TRANSMISSIONS

BRIEF TRANSMISSIONS

From rumor mill: Automatic Data Processing Inc. is in negotiations to buy Stockmate Financial Systems Inc., sources say. Planned purchase stems from ADP's loss to Stockmate of Piper Jaffray & Hopwood Inc. account earlier this year (IMD, April 30), one report says. Officials at both ADP and Stockmate say rumor is unfounded.

Prudential-Bache has whittled down to three candidates to provide retail brokerage system at firm, sources say. Pru- Bache officials didn't return calls seeking comment. Bu

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