Hi Scot,
Ill be leaving this week for Chicago.....BRrrrrrrrr......
driving back with my mom for an emergency up north. One thing I wont be worrying about is pqt...sooner or later, its going to come through for us all.....:)
Taking the fir coat outta storage for this trip!
Sandra
CHICAGO -(Dow Jones) PC Quote's chief executive Jim Porter said
Friday the chances are good for the company to show profitability in
1999.
Separately, PC Quote said Friday its PC Quote.Com unit unveiled the
first phase of its redesigned Web site, and the shares climbed as a
result.
The company said it intends to improve navigation, hasten data
retrieval, and attract additional online advertising on the redesigned
securities information Internet site.
Meanwhile, not only is the possibility good for the company to reach
profitability, but Porter said the first quarter might set the tone for
1999.
"The first quarter will be very indicative of what's in store for the
year," Porter said, speaking about a profitable 1999.
Since taking over in mid-1997, Porter has restructured the company to
reduce its chronic losses while beefing up the staff to grow the
company.
Porter conceded that coffers overflowing with profits are still off
in the future. But in the meantime, PC Quote is near to reaching the
first goal of becoming a growth company, he said.
"We're coming off a period when the firm's reputation wasn't very
good." Porter said. "We're not, all of a sudden, going to become a cash
cow. We're building a business."
Earnings results for the calendar year 1998 and the fourth quarter
are slated for release in the second week of March, a spokeswoman said.
One of PC Quote's specialties, which it hopes will propel it to
significant growth, is its ability to handle the massive amounts of
options data, Porter said.
Porter hopes that the HyperFeed quote and data-management technology
will become one of the few, if not the sole, provider of complete
options series ticker data.
PC Quote is a vendor to large professional institutions and exchanges
including the Chicago Board Options Exchange, the Options Clearing
Corporation and the American Stock Exchange, Porter said.
Other clients include financial Web sites and companies that want to
provide their stock quotes and performance on the corporate Internet
site.
In the long-term, Porter said the company could grow by offering
company-wide information technology solutions to major corporations,
such as a money-center bank, to handle the massive amounts of data they
face.
PC Quote also makes, licenses and sells software to enable the
reception, manipulation and analyzing of financial data. Consumer
software subscriptions range from $75 to $300 a month and the price
includes access to a real-time quote feed.
In addition, the company has a financial Web site, pcquote.com, which
it hopes will generate sales and become a money-making web site.
Currently, the web site has an estimated one million "unique viewers"
and about 30 million page hits a month, Porter said.
Copyright (c) 1999 Dow Jones & Company, Inc.
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