To: Jim Spitz who wrote (904 ) 4/14/1999 3:03:00 PM From: TFF Respond to of 2802
PQT Deal With CNNFN looks hot.Possible IPO spinoff: CNNfn Establishes Strategic Business Partnership With PCQuote.com NEW YORK, April 14 /PRNewswire/ -- CNNfn has formed a strategic business partnership with PCQuote.com to provide CNNfn.com's award-winning original financial content to PCQuote.com users, it was announced today by Lou Dobbs, president of CNNfn. Under the agreement, PCQuote.com users will have access to continuously updated business news from CNNfn, with direct links to the full range of financial information and services offered on the CNNfn.com site, and CNNfn will hold a minority equity stake in PCQuote.com. ''This strategic alliance is a further value offering for the millions of users who rely on the web for high-end data and unsurpassed financial news,'' said Dobbs. ''We're proud to add PCQuote.com to CNNfn's distinguished portfolio of Web partners.'' ''We are pleased to partner with such a prestigious brand as CNNfn.com,'' said Jim R. Porter, chairman and CEO, PC Quote. ''We believe the combination of CNNfn.com's premier news with our high-end HyperFeed 2000 financial market data and analytics will provide an increasingly valuable resource for the growing millions of active Internet investors.'' CNNfn's alliance with PCQuote.com is the latest in a series of innovative relationships developed by the financial network consistent with its mission to be the world's leader in providing business and financial news and information on the Web. Other value-added partnerships on the CNNfn.com site include: Quicken on fn, featuring Intuit software; Power Shopper on fn, powered by Inktomi's shopping engine; the CNNfn Bond Center, with the Bond Express database from Barra, Inc.; Industrywatch on fn, in association with Newsreal(SM); and the CNNfn Broker Center, featuring access to trading accounts on Discover Brokerage and E*Trade. PC Quote is a premier provider of real-time financial market data to professional and consumer markets worldwide via broadcast and Internet. PCQuote.com is a leading Internet-based provider of premium real-time financial data and analytical tools aimed at empowering the online investor. In addition to the company's pcquote.com and marketsmart-real.pcquote.com Web sites, the company offers a variety of free and subscription based financial services. CNNfn.com, which averages more than 1 billion page views a year, is the Internet's leading source for business news, financial intelligence and free business services. CNNfn.com is the companion to CNNfn, the first network to launch on television and the Web. The CNNfn.com Web site offers users breaking business, financial and market news, and in-depth analysis of the U.S. and global economies, the technology industry and companies in the news. In addition, CNNfn.com's extensive financial intelligence and personal finance tools provide access to investment reports, portfolio management, industry research and company profiles that make it the most complete business information resource available on the Web. SOURCE: CNNfn