Nasdaq Revenue Down in 2002
EXCHANGE TECHNOLOGIES
NEW YORK--Nasdaq reported lower revenues for 2002 amid a search for a new CEO, possible acquisitions, and a waiting game to determine the success of the SuperMontage platform, launched in October 2002 (TTW, Oct. 14, 2002).
Meanwhile, an effort to issue an initial public offering (IPO) is indefinitely postponed.
"It is inappropriate to move ahead until we have addressed key issues related to our market position and until market conditions improve," says president Richard Ketchum, who is rumored to
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