NEW YORK - Live interviews and hearings broadcast on a new video network aimed at financial executives and investors can pop up as a small window on a desktop computer screen.
By meshing work on a desktop computer and financial news-based television, the Dow Jones Investor Network service lets an investor look at his holdings or other information while watching live broadcasts of top financial and government executives comment on important financial issues, according to Simon Langdon, director of business operations for the new DJIN video network.
The network does about 10 broadcasts a day.
In one broadcast, Helmut O. Maucher, chairman and chief executive officer of Nestle SA, said Nestle wouldn't be seeking more acquisitions in the near future.
Mr. Maucher's comments in the exclusive interview, subsequently repeated on wire news services, were connected with a decline - that began about 40 minutes later - in the stock of a food company that had been bid up on speculation it would be a Nestle takeover target, according to Mr. Langdon.
The time it took for a wire service to disseminate the news of that interview could have been used by an investor to respond to Mr. Maucher's comment, said Mr. Langdon.
Besides getting news early, DJIN subscribers can hear for themselves what was said, see the body language and listen to the verbal emphasis of speakers.
DJIN not only supplies the broadcasts, but also the computer card to bring DJIN television up on the computer monitor.
In December and January DJIN broadcast live the views of Sen. Pete Domenici, R-N.M., on prospects for aid to Mexico; a Securities and Exchange Commission member's suggestion that Congress delay action on tort reform; Chrysler Corp.'s January sales projections; and the view of a Time Warner Inc. executive on interactive television, along with 400 other broadcasts, some of which come from Europe and Washington.
More recently, DJIN carried interviews with William Gross, managing director for Pacific Investment Management Co.; Laura Tyson, chairwoman of the president's Council of Economic Advisers; and Michel Camdessus, managing director of the International Monetary Fund.
For further information, contact Mr. Langdon at (212) 416-2793.
SOMERSET, N.J. - A survey of portfolio accounting systems has been published by The Spaulding Group.
A 60-page report on the survey details how money management firms perceive the various systems. The price for the report is $395. For information, contact David Spaulding at (908) 873-5700.
NEW YORK - Knight-Ridder Financial says it is offering extensive real-time and historical financial information, advanced charting capabilities and news coverage on its new program, MoneyCenter for Windows 3.0.
By using drag-and-drop graphical features of Microsoft Windows, Knight-Ridder says the program can display price quotes, perform technical analysis and create complex charts with a click of a computer mouse.
The drag-and-drop feature also can be used to move information from MoneyCenter to another application.
Knight-Ridder says MoneyCenter has a row of graphical icons that can be used to navigate to real-time market quotes, charts and related news stories.
Knight-Ridder also is offering KR Toolkit as an option to MoneyCenter.
Toolkit offers a pre-programmed library of spreadsheet functions using Knight-Ridder's global real-time information sources.
The Toolkit combines live Knight-Ridder market information and any other dynamic data exchange compliant source so that analytics for pricing, identification of arbitrage opportunities, what-if analysis, position risk analysis and 230 industry standard functions can be integrated into Microsoft Excel.
The Toolkit is based on Glassco Park Perfect Hedge. For information, contact Jerry Becker at (312) 454-1801.
BOSTON - Five more brokerage firms have agreed to provide their research reports exclusively to First Call RESEARCH DIRECT for electronic delivery.
They are McDonald & Co. Securities Inc.; PaineWebber Inc.; Piper Jaffray Inc.; the Robinson-Humphrey Co. Inc.; and UBS Securities Inc. First Call RESEARCH DIRECT delivers electronically full-text equity research reports.
PRINCETON, N.J. - Western Asset Management and Head Asset Management are among 17 new clients of Princeton Financial Systems Inc., developers of the PAM investment management system.
BLOOMINGTON, Ill. - GK Capital Management Inc. has entered into a joint venture agreement with a firm led by Israeli and Russian scientists and software engineers.
The joint venture is with EVENTUS R&D Ltd., an Israeli firm which develops quantitative technologies which analyze, predict and trade in the global financial markets. Some of the scientists and engineers at EVENTUS previously worked on military systems for the Israeli defense forces, according to a statement from Gary Klipfenstein, GK Capital president.
The first offering from the joint venture will be a foreign exchange product that gathers tic-by-tic data in real time on a 24-hour basis.
