Nasdaq Loses $45M in 2003
EXCHANGE TECHNOLOGIES
NEW YORK--Nasdaq Stock Market officials learned last year that it’s costly to get out of failing businesses, and they are looking to technology to stem their losses.
As reported by Nasdaq last week, the electronic market showed a net loss of $45.2 million for 2003, following a round of business-line and staff cuts by CEO Robert Greifeld. This compares to net income of $65 million in 2002.
Greifeld and chief financial officer (CFO) David Warren say Nasdaq will attempt to attract revenue and halt
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