ADP'S Loss: What's The Impact Of Merrill Decision?

VENDOR STRATEGIES

As ADP prepares to part company with Merrill Lynch, the retail quote marketplace awaits answers to a number of key questions: Will the loss of the Merrill account cause a chain reaction that will send ADP into a tailspin similar to the one Quotron went into in the mid-1980s? Will ADP, a $3 billion per year company, remain committed to being an information provider in the brokerage services arena? Are the remaining high- profile clients of ADP, such as Smith Bar- ney Inc., licking their chops

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