Internet-Based Research Distributor EquityWeb Closes Doors Under Pressure From Thomson
RESEARCH DELIVERY
EquityWeb, the Internet-based institutional research-delivery service, has closed its doors. While it never made substantial inroads into the market, it worried market leader Thomson Financial Services sufficiently that it filed a lawsuit charging breach of a noncompete agreement and misappropriation of trade secrets.
EquityWeb's departure from the research-delivery business likely will benefit Nelson Information, which is slated to launch its Internet-delivered research service in September. It
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