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Non-Tech : IDC: Interactive Data (NYSE)
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To: 613 who wrote (8)2/9/2003 2:38:28 PM
From: MJ  Read Replies (1) of 34
 
Regarding your question about "are they interested in getting bought out"---I am assuming that you are referring to IDC. I am listening to the conference call after the fact and it appears to me that IDC is not looking at getting bought out. They appear to be in an expansion stage as a growth company.

IDC had a very good quarter---no outstanding debt---the ComStock acquisition scheduled to close this month. The ComStock acquisition is obviously part of the key to IDC's growth.

The acquisition is without doubt a major move into making IDC a global company in providing data to several thousand institutions and individuals, mainly institutions.

IDC will be looking at how to use the Comstock content within E-signal to provide more information to the e-signal clients. E-signal strength is in North America----whereas Comstock gives the international balance.

Questions were posed about accounts receivable---management indicated no difficulty in collecting accounts receivable.

IDC has an effective 38 to 39% tax rate. Was surprised that corporate rates are this high. Would be nice to see IRS give some relief to corporations---lowering their tax rates so that the profits can either be reinvested in the company or passed through to stockholders. This would be quite a stimulus to corporate America and investment.

mj
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