.NET win...
Reuters taps Microsoft for messaging
By Bloomberg News
March 22, 2001, 8:10 a.m. PT
update Reuters Group, the world's largest financial information provider, said it will offer an instant messaging service to let staff, clients and suppliers of 25 financial institutions send and receive text in real time.
The service, called Reuters.Net Messaging, will use Microsoft's software to enable users at Citigroup, ABN Amro, Salomon Smith Barney and other banks to exchange instant text messages in a secure way on the Internet and on Reuters' Radianz financial services network, Reuters said in an statement.
London-based Reuters is a year into its strategy of moving its business of selling news, information and trading systems onto the Internet. It's pushing technologies using the Web.
The company's shares fell as much as 6 percent, to a 15-month low, compared with a drop of as much as 4 percent for the Bloomberg Europe Media index.
Microsoft is also pushing new products based on its instant messaging service, which has surpassed a competing AOL Time Warner product to become the most popular with 29.5 million users, according to a February study by Jupiter Media Metrix.
Bloomberg News, Bloomberg Financial Markets, Bloomberg Television and Bloomberg Tradebook compete with Reuters in providing news, information and trading systems to the financial community.
news.cnet.com |
