Brokerage cops wary of cyberspace: E-mail brings compliance headaches
Article Abstract:
The growing number of Internet technology methods has presented new challenges for securities firms's compliance departments. St. Louis-based Edward Jones, for example, has chosen to continue tracking its E-mail despite a Dec 1997 move by regulators that no longer requires firms to monitor E-mail as closely as their traditional correspondence. Brokers must submit customer E-mail to the Edward Jones compliance department before delivery. Edward Jones defends its practice, saying E-mail delays in transmission, retrieval or response raise the potential for misunderstanding. The 3,800-branch securities firm is measuring new screening software that could identify possible inappropriate E-mail content. The software programs would be similar to trade-review systems already adopted by many other securities firms, the company said. Edward Jones also rejected brokers's requests to create their own World Wide Web sites.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Facing difficult times, computer mogul refines his game
Article Abstract:
Computer Associates International CEO Charles B. Wang has a distinctive approach to running his company, the second largest software company after Microsoft, whose core business is mainframe system management software. While Computer Associates gained a reputation in the early 1990's for aggressive acquisitions and litigious business practices, the company is now focusing on long-term customer relationships. Wang encourages team management, open business practices, while actively discouraging overly long meetings and protracted discussions. Computer Associates is seeking to diversify, but its flagship Unicenter product line has met with disappointing sales in Europe, causing a drop in stock prices and in analysts' confidence in the company. Stock prices for 1996 rose 32% overall however, and earnings are up, so company executive are confident they can continue to diversify the management product line.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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The wizard turns out to be an artist; traditional fields are mined for computer games
Article Abstract:
As the technology advances, computer game makers are hiring more graphic artists to give their products a more realistic look. If a $50 game becomes popular, it can sell hundreds of thousands of copies. NPD Group says sales of computer games were $5.4 bil in 1998, up from $4.4 bil in 1997. Production costs have also risen. In the early 1990's $250,000 was a typical development cost. Now $2 mil and 18 months to release a game are common. Where game programmers once out numbered graphic artists by 4 to 1, that ratio is reversed for most game companies now.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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