To be filed with the Securities and Exchange Commission on August 14, 2000

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                    FORM 10-Q

     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934



                  For the quarterly period ended June 30, 2000



                                       OR

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934


   For the transition period from ____________________ to ____________________

                         Commission file number: 0-24559


                                MULTEX.COM, INC.
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

           DELAWARE                                         22-3253344
-------------------------------                 --------------------------------
   (State of Incorporation)                               I.R.S. Employer
                                                       Identification Number)

                          100 WILLIAM STREET, 7th FLOOR
                            NEW YORK, NEW YORK 10038
                                 (212) 607-2400
     ----------------------------------------------------------------------
               (Address, including zip code, and telephone number,
        including area code, of registrant's principal executive offices)







Check  whether the  registrant:  (1) filed all  reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

          Yes /X/                                         No /_/


As of June 30,  2000 there were  30,388,828  shares of the  registrant's  common
stock outstanding.


<PAGE>



                               QUARTERLY REPORT ON
                        MULTEX.COM, INC. AND SUBSIDIARIES


                                TABLE OF CONTENTS
<TABLE>
<CAPTION>


                                                                                                                            PAGE
                                                                                                                           NUMBER

<S>                                                                                                                         <C>
PART I.  FINANCIAL INFORMATION...............................................................................................3

    ITEM 1:  CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited):........................................................3

             Condensed Consolidated Balance Sheets as of June 30, 2000 and December 31, 1999.................................3

             Condensed Consolidated Statements of Operations for the three months and six months ended June 30,
             2000 and 1999...................................................................................................4

             Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2000 and 1999.................5

             Notes to Condensed Consolidated Financial Statements June 30, 2000..............................................7

    ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS..........................10

PART II.     OTHER INFORMATION..............................................................................................21

    ITEM 1.  LEGAL PROCEEDINGS..............................................................................................21

    ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS......................................................................21

    ITEM 3.  DEFAULTS UPON SENIOR SECURITIES................................................................................21

    ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS............................................................21

    ITEM 5.  OTHER INFORMATION..............................................................................................22

    ITEM 6.  EXHIBITS AND REPORT ON FORM 8-K................................................................................22

    ITEM 7.  SIGNATURES.....................................................................................................22

</TABLE>


                                       2

<PAGE>



                          PART I. FINANCIAL INFORMATION

                        MULTEX.COM, INC. AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEETS

                                 (in thousands)

<TABLE>
<CAPTION>


ASSETS                                                           June 30,     December 31,
                                                                 --------     ------------
                                                                   2000            1999
                                                                   ----            ----
                                                                (unaudited)    (see Note 1)
<S>                                                                <C>             <C>
Current assets
  Cash and cash equivalents                                        $ 10,683        $ 6,089
  Marketable securities                                              26,021         33,028
  Accounts receivable, net                                           18,113         10,954
  Other current assets                                                4,022          3,193
                                                                     ------         ------
Total current assets                                                 58,839         53,264

Property and equipment, net                                          26,107         10,862
Goodwill                                                             39,758            -
Other                                                                 2,098          1,474
                                                                     ------         ------
Total assets                                                      $ 126,802       $ 65,600
                                                                  =========       ========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable                                                  $ 2,503        $ 5,051
  Accrued expenses                                                    5,446          4,778
  Current portion of capital lease obligations                          173            225
  Deferred revenues                                                   7,957          5,691
                                                                     ------          -----
Total current liabilities                                            16,079         15,745

Long term liabilities:
  Capital lease obligations                                             127            192
  Deferred rent                                                       2,770          2,431
  Other                                                                  17             31
                                                                     ------         ------
Total long term liabilities                                           2,914          2,654

Stockholders' equity:
  Preferred stock- $.01 par value:
      Authorized- 5,000,000 shares; none issued and outstanding         -              -
  Common stock  $.01 par value
     Authorized - 200,000,000 shares:  issued and outstanding-
        30,388,828 shares at June 30, 2000 and 27,179,717 at
        December 31, 1999                                               304            272
  Additional paid-in-capital                                        181,948        109,564
  Accumulated deficit                                               (63,390)       (60,141)
  Deferred equity consideration                                     (11,038)        (2,431)
  Accumulated other comprehensive loss                                  (15)           (63)
                                                                   --------      ---------
Total stockholders' equity                                          107,809         47,201
                                                                   --------      ---------
Total liabilities and stockholders' equity                        $ 126,802       $ 65,600
                                                                  ==========      =========
</TABLE>

  The accompanying notes are an integral part of these condensed consolidated
                             financial statements.

                                       3

<PAGE>


                        MULTEX.COM, INC. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                (unaudited; in thousands, except per share data)
<TABLE>
<CAPTION>


                                                                  Three Months Ended                 Six Months Ended
                                                              June 30, 2000   June 30, 1999     June 30, 2000   June 30, 1999
                                                              -------------   -------------     -------------   -------------

<S>                                                         <C>              <C>                <C>             <C>
Revenues                                                    $   19,167       $   8,841          $   35,250      $  16,447

Cost of revenues                                                 3,936           2,293               7,904          4,299
                                                            ----------         -------          ----------       --------
Gross profit                                                    15,231           6,548              27,346         12,148

Operating expenses:
   Sales and marketing                                          5,917            4,912              12,157          8,943
   Research and development                                     2,767            1,122               5,022          2,187
   General and administrative                                   8,288            4,087              14,635          7,824
                                                            ---------          -------          ---------        --------
Total operating expenses                                       16,972           10,121              31,814         18,954

Loss from operations                                           (1,741)          (3,573)             (4,468)        (6,806)

Other income (expense)
   Interest income                                               626               738               1,336          1,037
   Interest expense                                              (10)              (27)                (23)           (63)
                                                            ---------          --------         ----------        --------
Loss from continuing operations before
   income taxes                                               (1,125)           (2,862)             (3,155)        (5,832)
Income tax expense                                               (48)             (226)                (95)          (672)
                                                            ---------           -------         ----------        --------
Loss from continuing operations                               (1,173)           (3,088)             (3,250)        (6,504)

Discontinued operations:
   Gain from discontinued operations                             -                 -                   -              331
                                                            ---------          -------          -----------       -------
Net loss                                                      (1,173)           (3,088)             (3,250)        (6,173)

Redeemable preferred stock dividends                             -                 -                   -           (1,188)
                                                            ---------          -------          ----------        --------

Net loss available to common stockholders                   $ (1,173)        $  (3,088)         $   (3,250)       $ (7,361)
                                                            ========         ==========         ==========        =========

Basic and diluted earnings (loss) per share:
   Continuing operations, net of preferred
       stock dividends                                       $ (0.04)        $   (0.12)         $ (0.11)         $  (0.42)
   Discontinued operations                                       -                 -                 -               0.02
                                                            ---------        ---------          -------          ---------
   Loss per share available to common stockholders           $ (0.04)        $   (0.12)         $ (0.11)         $  (0.40)
                                                            =========        =========          ========         =========

Number of shares used in computed basic and
   diluted loss per share                                     29,842            26,613              29,076         18,420
                                                            ========         =========          ==========       =========
</TABLE>


  The accompanying notes are an integral part of these condensed consolidated
                             financial statements.


                                       4

<PAGE>


                        MULTEX.COM, INC. AND SUBSIDIARIES

                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                           (unaudited; in thousands)
<TABLE>
<CAPTION>

                                                                               Six Months Ended
                                                                      June 30, 2000   June 30, 1999
                                                                     --------------   -------------
<S>                                                                <C>               <C>
Operating activities
Net loss from continuing operations                                $   (3,250)       $   (6,504)
Adjustments to reconcile net loss from continuing operations
  to net cash used in operating activities:
      Amortization of equity consideration                              1,203               240
      Depreciation and amortization                                     2,804             1,637
      Amortization of goodwill                                            805               -
      Amortization of issuance costs                                      -                  13
      Bad debt expense                                                    430               264
      Accumulated deficit adjustment                                      -                (364)
      Changes in operating assets and liabilities:
          Accounts receivable                                          (7,589)           (3,197)
          Other current assets                                           (829)           (1,908)
          Other assets                                                   (624)              328
          Accounts payable                                             (3,386)              706
          Accrued expenses                                                668             2,177
          Deferred revenue                                              2,266             2,387
          Deferred rent                                                   339               415
          Other liabilities                                               (14)              (14)
                                                                         ----           -------
Net cash used in operating activities from continuing operations       (7,177)           (3,820)

Investing activities
Purchase of marketable securities                                     (19,197)          (22,061)
Proceeds from sale of marketable securities                            26,262             5,550
Acquisition of Sage Online and BuzzCompany, net of cash acquired       (6,724)              -
Purchase of property and equipment                                    (11,811)           (2,219)
Net cash used in investing activities                                 (11,470)          (18,730)

Financing activities
Proceeds from issuances of stock                                       23,368            42,971
Repayment of long-term debt and capital leases                           (117)             (202)
                                                                     --------           -------
Net cash provided by financing activities                              23,251            42,769

Discontinued activities
Income from discontinued operations including gain on sale,
  net of taxes                                                            -                 106
Adjustments to reconcile income from discontinued operations
  to net cash provided by discontinued operations:
     Gain on sale of discontinued operations, net of taxes                -                 225
                                                                     --------           --------
Net cash provided by discontinued operations                              -                 331

Effect of exchange rate changes on cash                                  (10)                12
                                                                     --------           --------
Increase in cash and cash equivalents                                  4,594             20,562
Cash and cash equivalents, beginning of year                           6,089              3,219
                                                                     --------           -------
Cash and cash equivalents, end of period                           $  10,683          $  23,781
                                                                   =========          =========


</TABLE>


  The accompanying notes are an integral part of these condensed consolidated
                             financial statements.


                                       5

<PAGE>



                        MULTEX.COM, INC. AND SUBSIDIARIES

          CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

                           (unaudited; in thousands)
<TABLE>
<CAPTION>

                                                                    Six Months Ended
                                                            June 30, 2000    June 30, 1999
                                                            -------------    -------------
Supplemental disclosures of cash flow information

Noncash investing and financing activity:

<S>                                                        <C>             <C>
   Acquisition of fixed assets through capital leases      $    -          $  280
                                                           ========        ======
   Accrued purchases of fixed assets                       $    838        $  329
                                                           ========        ======
   Unrealized gain on marketable securities                $     58        $  -
                                                           ========        ======
   Stock issued for acquisition of Sage Online             $ 11,037        $  -
                                                           =========       ======
   Stock issued for acquisition of BuzzCompany             $ 22,801        $  -
                                                           =========       ======
   Stock issued for acquisition of software                $  5,400        $  -
                                                           ========        ======
   Stock issued for exercise of warrants                   $      3        $  -
                                                           ========        ======
   Fair market value of warrants issued                    $  9,809        $  -
                                                           ========        ======
   Taxes paid                                              $      2        $  -
                                                           ========        ======
   Interest paid                                           $     20        $   46
                                                           ========        ======

</TABLE>


  The accompanying notes are an integral part of these condensed consolidated
                             financial statements.


                                       6

<PAGE>

                        MULTEX.COM, INC. AND SUBSIDIARIES

              CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                  June 30, 2000

NOTE 1 -- BASIS OF PRESENTATION

           Multex.com,  Inc.  ("Multex.com")  and its wholly owned  subsidiaries
(collectively   referred  to  as  the   "Company")  is  the  leading   financial
e-marketplace  connecting buyers and sellers of financial services.  The Company
provides  information  and  commerce  enabling  technology  and  infrastructure,
application  services,  Web hosting and online  community  services to brokerage
firms,   investment   banks,   corporations  and  institutional  and  individual
investors. The disclosure of segment information was not required as the Company
operates in only one business segment.

           The accompanying  condensed  consolidated statement of operations for
the  three and six month  periods  ended  June 30,  1999 have been  restated  to
reflect the September 23, 1999 acquisition of Market Guide Inc. ("Market Guide")
which was  accounted  for as a pooling of  interests.  The pooling of  interests
method of accounting  requires the  restatement of all periods as if the Company
and Market Guide had always been combined.  The condensed consolidated statement
of  operations  for the three  month  period  ended June 30, 1999  combines  the
statement of operations of Multex.com  for the three month period ended June 30,
1999 and the  statement of operations of Market Guide for the three month period
ended May 31,  1999,  respectively.  The  condensed  consolidated  statement  of
operations  for the six month period ended June 30, 1999  combines the statement
of operations of Multex.com for the six month period ended June 30, 1999 and the
statement of  operations  of Market Guide for the six month period ended May 31,
1999, respectively.

           As a result of significantly improved subscriber retention rates, now
over 95%, which  establishes  recoverability of commission  expense,  Multex.com
changed its method of accounting for commission expense in the second quarter of
2000.  The  Company  changed  from  immediately  expensing,   to  deferring  and
amortizing over the life of the subscription or contract period. This change was
adopted  prospectively in the second quarter of 2000 and reduced the net loss by
$865,000, or $0.03 per share, in the second quarter of 2000.

           In  June  2000,  the  Financial  Accounting  Standards  Board  issued
Statement No. 138,  "Accounting for Certain  Derivative  Instruments and Certain
Hedging  Activities,  an Amendment to Statement No. 133." which is effective for
fiscal years  beginning  after June 15, 2000.  The Company does not believe that
Statement  138 will have a  material  impact on its  results  of  operations  or
financial position.

           The   accompanying   unaudited   condensed   consolidated   financial
statements have been prepared in accordance with generally  accepted  accounting
principles for interim  financial  information and with the instructions to Form
10-Q and Article 10 of Regulation S-X.  Accordingly,  they do not include all of
the  information  and  footnotes  required  by  generally  accepted   accounting
principles for complete financial statements. In the opinion of management,  all
adjustments  (consisting of normal recurring  adjustments)  considered necessary
for a fair presentation have been included.  Operating results for the three and
six months  ended June 30, 2000 are not  necessarily  indicative  of the results
that may be expected for the year ended December 31, 2000.

           The balance  sheet at December 31, 1999 has been derived from audited
financial  statements but does not include all of the  information and footnotes
required by generally  accepted  accounting  principles  for complete  financial
statements.

           For  further  information,   refer  to  the  consolidated   financial
statements  and footnotes  thereto for the year ended December 31, 1999 included
in the Company's annual report on Form 10-K.



                                       7

<PAGE>



NOTE 2 -- STOCKHOLDERS' EQUITY

           During the three  months  ended March 31,  2000,  the Company  issued
151,776  shares of its common  stock in  connection  with the  exercise of stock
options to employees.  During the three months ended June 30, 2000,  the Company
issued  178,382  shares of its common stock in  connection  with the exercise of
stock options to employees and the employee stock purchase plan.

NOTE 3 - EARNINGS PER SHARE

           The following  table sets forth the  computation of basic and diluted
earnings per share for the periods  indicated  (in  thousands,  except per share
data):
<TABLE>
<CAPTION>

                                                                      Three Months Ended                 Six Months Ended
                                                                           June 30,                         June 30,
                                                                      ---------------------         ---------------------------
                                                                         2000           1999           2000          1999
                                                                         ----           ----           ----          ----
<S>                                                                   <C>           <C>             <C>           <C>
Numerator:

   Net loss from continuing operations                                $ (1,173)     $   (3,088)     $  (3,250)    $   (6,504)
   Discontinued operations                                                  --              --            --             331
   Redeemable preferred stock dividends                                     --              --            --          (1,188)
   Numerator for basic and diluted net loss per share                 ---------     ----------      ---------     ----------
    - net loss available for common stockholders                      $ (1,173)     $   (3,088)     $  (3,250)    $   (7,361)
                                                                      =========     ==========      =========     ==========

Denominator:

   Denominator for basic and dilutive net loss per share -
      weighted average shares                                           29,842          26,613         29,076         18,420
                                                                      ---------     ----------      ---------     ----------
   Basic and diluted net loss per share                               $  (0.04)     $    (0.12)     $   (0.11)     $   (0.40)
                                                                      =========     ==========      =========     ==========
</TABLE>


NOTE 4 - COMPREHENSIVE LOSS

           Total comprehensive loss (in thousands) was $1,145 and $3,082 for the
three  months  ended  June  30,  2000 and June  30,  1999,  respectively.  Total
comprehensive loss (in thousands) was $3,202 and $6,161 for the six months ended
June 30, 2000 and June 30, 1999, respectively.

NOTE 5 - ACQUISITIONS

           On  March  20,  2000  the  Company  entered  into an  agreement  (the
"Agreement")  to acquire all of the outstanding  shares of Sage Online,  Inc. In
connection  with the  agreement,  the Company  issued  354,183  shares of common
stock,  with a fair  market  value of $31.16,  and paid $6 million in cash.  The
acquisition  has been  accounted for by the purchase  method of  accounting  and
accordingly,  the excess of the purchase price over the fair market value of the
net assets acquired has been allocated to goodwill in the amount of $17,021,595.
The purchase  price  allocation is preliminary  and subject to adjustment  based
upon  further  analysis  of the fair value of the assets  acquired.  Goodwill is
being amortized over a life of 10 years.

           On  May  10,  2000  the  Company   entered  into  an  agreement  (the
"Agreement")  to acquire all of the outstanding  shares of BuzzCompany,  Inc. In
connection  with the agreement,  the Company issued  1,058,043  shares of common
stock,  with a fair market value of $21.55 per share.  The  acquisition has been
accounted for by the purchase method of accounting and  accordingly,  the excess
of the purchase price over the fair market value of the net assets  acquired has
been  allocated to goodwill in the amount of  $23,352,820.  The  purchase  price
allocation is preliminary and subject to adjustment  based upon further analysis
of the fair value of the assets  acquired.  Goodwill is being  amortized  over a
life of 10 years.

           The following unaudited pro forma summary presents  information as if
BuzzCompany  had been acquired as of the beginning of the periods ended June 30,
1999 and 2000,  respectively.  The pro forma  information  does not  necessarily
reflect  the  actual  results  that would have  occurred  nor is it  necessarily
indicative of future results of operations of the combined companies.


                                       8


<PAGE>


           The table  sets forth the pro forma  data (in  thousands,  except per
share data):
<TABLE>
<CAPTION>

                        Three Months Ended June 30, 2000                        Three Months Ended June 30, 1999
                                  (1)Pro forma                                                 (1)Pro forma
                  -------------------------------------------------          ---------------------------------------------
                    Multex         Buzz   Adjustment       Combined          Multex        Buzz   Adjustment      Combined
                    ------         ----   ----------       --------          ------        ----   ----------      --------
<S>               <C>             <C>            <C>       <C>              <C>           <C>            <C>       <C>
Revenue           $ 18,631        $ 792          $ -       $ 19,423         $ 8,841       $ 612          $ -       $ 9,453
Net income            (301)        (940)        (575)        (1,816)         (3,088)       (117)        (575)       (3,780)
  EPS              $ (0.01)           -            -        $ (0.06)        $ (0.12)          -            -       $ (0.14)

                       Six Months Ended June 30, 2000                          Six Months Ended June 30, 1999
                                 (1)Pro forma                                                  (1)Pro forma
                  -------------------------------------------------          ---------------------------------------------
                    Multex         Buzz   Adjustment       Combined          Multex        Buzz   Adjustment      Combined
                    ------         ----   ----------       --------          ------        ----   ----------      --------
Revenue           $ 34,714      $ 1,697          $ -       $ 36,411        $ 16,447     $ 1,194          $ -      $ 17,641
Net income          (2,953)      (1,750)      (1,150)        (5,853)         (7,361)         46       (1,150)       (8,465)
  EPS              $ (0.10)           -            -        $ (0.20)        $ (0.40)          -            -       $ (0.43)

</TABLE>


           (1) Goodwill  for Buzz will be  amortized  over a period of 10 years,
the expected period of benefit.  The pro forma adjustment reflects three and six
months of amortization  expense for the periods ended June 30, 2000 and June 30,
1999, respectively, assuming the transaction occurred as of the beginning of the
periods presented.

NOTE 6 - SUBSEQUENT EVENT

On July 31,  2000,  Munder  NetNet Fund  acquired  $30  million of newly  issued
restricted Multex stock in a private placement.






                                       9

<PAGE>



ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

           THE FOLLOWING  DISCUSSION  OF THE FINANCIAL  CONDITION AND RESULTS OF
OPERATIONS OF THE COMPANY CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING
OF SECTION 27A OF THE  SECURITIES  ACT OF 1993 AND SECTION 21E OF THE SECURITIES
EXCHANGE ACT OF 1934. THE COMPANY'S  ACTUAL RESULTS AND TIMING OF CERTAIN EVENTS
COULD  DIFFER  MATERIALLY  FROM  THOSE  ANTICIPATED  IN  THESE   FORWARD-LOOKING
STATEMENTS AS A RESULT OF CERTAIN FACTORS,  INCLUDING, BUT NOT LIMITED TO, THOSE
SET FORTH UNDER "RISK FACTORS" AND ELSEWHERE IN THIS QUARTERLY REPORT.

OVERVIEW

           Multex.com is the leading financial  e-marketplace  connecting buyers
and sellers of financial services. The Company provides information and commerce
enabling technology and infrastructure,  application  services,  Web hosting and
online community services to brokerage firms, investment banks, corporations and
institutional and individual investors. We offer five main services, as follows:


o  MultexNET, which was launched in June 1996;
o  MultexEXPRESS, which was launched in January 1997;
o  Multex Research-On-Demand, which was launched in April 1997;
o  Multex Investor, which was launched in November 1998; and
o  Market Guide database, which was acquired in September 1999.

      MultexNET, typically offered as a one- to three-year subscription,  allows
entitled institutional investors to access full-text investment research reports
on  a  real-time  basis  from  investment  banks,   brokerage  firms  and  other
third-party  research  providers over the Internet or through other distribution
channels.   MultexEXPRESS,   also  provided   pursuant  to  one-  to  three-year
subscriptions,  enables  financial  institutions to distribute their proprietary
financial  research,  as well as other corporate  documents,  over the Internet,
through intranets and other private networks.  Multex  Research-On-Demand  gives
corporations,  financial institutions and advisors, and institutional  investors
the ability to access research  reports on a pay-per-view  basis from a majority
of  the   contributors  to  MultexNET,   over  the  Internet  or  through  other
distribution channels. Multex Investor, www.multexinvestor.com, gives individual
investors  who register as members  access to a range of  financial  reports and
services,  including research reports on a pay-per-view basis, over the Internet
from a majority of the contributors to MultexNET.  Multex Investor also includes
banner advertising and sponsorship  advertising throughout the site. Sponsors to
Multex  Investor  include  full-service  brokerage  firms  and  other  financial
institutions  interested in attracting  individual  investors to their products,
services and brands.  Market Guide's  financial and  descriptive  information on
over 12,000 publicly traded  companies is licensed on over 140 web sites as well
as its own web site, www.marketguide.com.  Revenue from Market Guide information
is primarily derived from license and redistribution agreements and advertising.

      Revenues from  subscriptions to MultexNET and MultexEXPRESS are recognized
in equal  installments over the term of the  subscription.  Revenues from Multex
Research-On-Demand   and  pay-per-view   transactions  on  Multex  Investor  are
recognized  upon  sale.  Revenues  from  sponsorships  to  Multex  Investor  are
recognized in equal  installments over the term of the sponsorship.  Some of the
users of Multex  Research-On-Demand pay a flat annual fee for the service, which
entitles  them to  receive  research  and other  reports at a  discounted  rate.
Revenues from these users are recognized in equal  installments over the term of
the   subscription.   All  costs   associated   with  revenues  from  MultexNET,
MultexEXPRESS, Multex Research-On-Demand and Multex Investor are expensed as and
when incurred. We pay distribution fees to our distributors and, with respect to
Multex  Research-On-Demand  and  pay-per-view  transactions on Multex  Investor,
royalties to the  investment  banks,  brokerage  firms or  third-party  research
providers that authored the research.



                                       10

<PAGE>



Recent Developments

On  May  10,  2000,   Multex   acquired   BuzzCompany,   Inc.,  a  developer  of
next-generation   e-community   software  and  a  provider  of  web  application
development services. Multex is currently integrating the Buzz suite of products
into Multex's three business groups: ASP, B2B and B2C.


Results of Operations

Quarter Ended June 30, 2000 Compared to Quarter Ended June 30, 1999

Revenues

Multex.com's revenues consist of subscription fees for MultexNET;  subscription,
development and hosting fees for MultexEXPRESS;  sales of investment research on
a   pay-per-view   basis   through   Multex   Research-On-Demand;   license  and
redistribution  fees for the Market Guide database;  and sales of  sponsorships,
advertising and investment research through the Multex Investor and Market Guide
Web  sites.  We also  provide  professional  services  to  select  MultexEXPRESS
clients, including software development, customization and integration services.

Revenues  increased  117% to $19.2  million for the quarter  ended June 30, 2000
from $8.8 million for the quarter ended June 30, 1999.  The increase in revenues
was attributable to a number of factors: a significant increase in the number of
institutions and individuals using our pay-per-view service,  greater acceptance
of  Multex  Research-On-Demand,  an  increase  in the  number  of  installations
utilizing  MultexEXPRESS  to  distribute  their  proprietary  research  to their
employees and customers,  an increase in the number of vendors  distributing the
Market Guide database,  and increased  advertising and sponsorship revenues from
the Multex Investor and Market Guide Web sites.

Cost of Revenues

Cost of revenues consist  primarily of fees payable to distributors of MultexNet
and Multex  Research-On-Demand,  royalties  payable to the authors of investment
research and content offered through Multex Research-On-Demand,  Multex Investor
and  marketguide.com,  external  development  costs  incurred for  MultexEXPRESS
customers, research department costs related to the collection and processing of
financial data and earnings estimates, and data communications costs.

Cost of revenues  increased  71.7% to $3.9 million in the quarter ended June 30,
2000 from $2.3 million for the quarter  ended June 30, 1999.  As a percentage of
revenues,  cost of revenues  decreased  to 20.5% for the quarter  ended June 30,
2000 from 25.9% for the quarter  ended June 30,  1999.  The  increase in cost of
revenues  in dollar  terms was  primarily  due to royalty and  distribution  fee
payments as a result of increased sales of Multex Research-On- Demand, increased
data  collection  costs related to the  maintenance  and expansion of the Market
Guide database,  increased royalty payments to content providers  resulting from
increased web site traffic,  increased  third-party Web site  development  costs
reflecting an increased  number of MultexEXPRESS  installations,  and additional
data   communications   charges   resulting  from  increased   installations  of
MultexEXPRESS and sales of subscriptions for MultexNET.

Operating Expenses

Sales and Marketing. Sales and marketing expenses consist primarily of salaries,
commissions,  advertising,  public  relations,  tradeshow  expenses and costs of
marketing  materials.  Sales  and  marketing  expenses  increased  20.5% to $5.9
million  for the quarter  ended June 30, 2000 from $4.9  million for the quarter
ended June 30, 1999. As a percentage of revenues,  sales and marketing  expenses
decreased  to 30.9% for the  quarter  ended  June 30,  2000  from  55.6% for the
quarter ended June 30, 1999.  The increase in sales and  marketing  expenses was
due to an expansion of our sales force both domestically and internationally and
increased marketing activities partially offset by an $865,000 benefit to income
in the current  quarter as a result of an adjustment to the accounting for sales
commission expense due to a change in facts and circumstances.


                                       11


<PAGE>


Research and Development. Research and development expenses consist primarily of
salaries and benefits.  Research and development expenses increased 147% to $2.8
million  for the quarter  ended June 30, 2000 from $1.1  million for the quarter
ended June 30, 1999.  As a  percentage  of  revenues,  research and  development
expenses  increased to 14.4% for the quarter  ended June 30, 2000 from 12.7% for
the quarter  ended June 30,  1999.  The  increase in  research  and  development
expenses  in dollar  terms was  primarily  due to an  increase  in the number of
developers  employed by us,  salary  increases and costs related to creating and
developing new products and enhancements to the Company's products and services.
We believe  that  continued  investment  in product  development  is critical to
attaining  our  strategic  objectives  and,  as a result,  expect  research  and
development expenses to increase in dollar terms in future periods.

General  and  Administrative.   General  and  administrative   expenses  consist
primarily of salaries and benefits,  fees for professional services and facility
expenses, including depreciation of assets and amortization of deferred expenses
and goodwill. General and administrative expenses increased 103% to $8.3 million
for the quarter ended June 30, 2000 from $4.1 million for the quarter ended June
30, 1999.  As a  percentage  of revenues,  general and  administrative  expenses
decreased  to 43.2% for the  quarter  ended  June 30,  2000  from  46.2% for the
quarter ended June 30, 1999. The increase in general and administrative expenses
in  dollar  terms in each  period  was  primarily  due to  increased  personnel,
professional  service  fees and  facility  expenses  necessary  to  support  our
domestic and  international  growth,  including  costs  associated with our Lake
Success,  San  Francisco  and London  offices  and the build out of our new data
center in New York, as well as the inclusion of $560,000 in expenses  related to
amortization of warrants and $770,000 in amortization of goodwill related to the
acquisitions of Sage and BuzzCompany.  We expect that general and administrative
expenses will increase in dollar terms in future  periods as we hire  additional
personnel and incur  additional  costs related to the growth of our business and
our operations as a public company.

Loss from Operations

Loss from operations  decreased 51.3% to $1.7 million for the quarter ended June
30, 2000 from $3.6 million for the quarter  ended June 30, 1999. As a percentage
of revenues,  loss from operations  decreased to 9.1% for the quarter ended June
30, 2000 compared to 40.4% for the quarter ended June 30, 1999.

Interest Income (Expense) and Other Income

Net interest  income  decreased 13.4% to $616,000 for the quarter ended June 30,
2000 from  $711,000  for the quarter  ended June 30,  1999.  The decrease in net
interest  income is primarily  attributable  to a decrease in cash available for
investing.

Income Taxes

Income tax expense  decreased  78.8% to $48,000  for the quarter  ended June 30,
2000 from $226,000 for the quarter ended June 30, 1999.  The majority of the tax
expense in the quarter ended June 30, 1999 was  attributable  to Market  Guide's
operations prior to the September 1999 acquisition.

Net loss available to common stockholders

The Company  recorded a net loss from continuing  operations of $1.2 million and
$3.1  million  for the  three  months  ended  June 30,  2000 and June 30,  1999,
respectively,  or a net loss per share of $0.04  and  $0.12,  respectively.  The
decrease  in the net loss  was due to  increased  sales in all of the  Company's
businesses  coupled with tighter cost control measures  implemented in the first
quarter,  an adjustment to the accounting for sales commission  expense due to a
change in facts and circumstances and a reduction in income taxes.



                                       12


<PAGE>



Six Months Ended June 30, 2000 Compared to Six Months Ended June 30, 1999

Revenues

Multex.com's revenues consist of subscription fees for MultexNET,  subscription,
development and hosting fees for MultexEXPRESS,  sales of investment research on
a   pay-per-view   basis   through   Multex   Research-On-Demand,   license  and
redistribution  fees for the Market Guide database,  and sales of  sponsorships,
advertising and investment research through the Multex Investor and Market Guide
Web  sites.  We also  provide  professional  services  to  select  MultexEXPRESS
clients, including software development, customization and integration services.

Revenues  increased 114% to $35.3 million for the six months ended June 30, 2000
from $16.4  million  for the six months  ended June 30,  1999.  The  increase in
revenues was attributable to a number of factors: a significant  increase in the
number of institutions and individuals using our pay-per-view  service,  greater
acceptance  of  Multex   Research-On-Demand,   an  increase  in  the  number  of
installations  utilizing  MultexEXPRESS to distribute their proprietary research
to  their  employees  and  customers,  an  increase  in the  number  of  vendors
distributing   the  Market  Guide  database,   and  increased   advertising  and
sponsorship revenues from the Multex Investor and Market Guide Web sites.

Cost of Revenues

Cost of revenues consist  primarily of fees payable to distributors of MultexNet
and Multex  Research-On-Demand,  royalties  payable to the authors of investment
research and content offered through Multex Research-On-Demand,  Multex Investor
and  marketguide.com,  external  development  costs  incurred for  MultexEXPRESS
customers, research department costs related to the collection and processing of
financial data and earnings estimates, and data communications costs.

Cost of revenues  increased  83.9% to $7.9 million for the six months ended June
30,  2000 from  $4.3  million  for the six  months  ended  June 30,  1999.  As a
percentage of revenues,  cost of revenues  decreased to 22.4% for the six months
ended  June 30,  2000 from 26.1% for the six months  ended  June 30,  1999.  The
increase in cost of revenues in dollar  terms was  primarily  due to royalty and
distribution fee payments as a result of increased sales of Multex  Research-On-
Demand, increased data collection costs related to the maintenance and expansion
of the Market Guide database,  increased  royalty payments to content  providers
resulting  from  increased  web site  traffic,  increased  third-party  Web site
development costs reflecting an increased number of MultexEXPRESS installations,
and   additional   data   communications   charges   resulting   from  increased
installations of MultexEXPRESS and sales of subscriptions for MultexNET.

Operating Expenses

Sales and Marketing. Sales and marketing expenses consist primarily of salaries,
commissions,  advertising,  public  relations,  tradeshow  expenses and costs of
marketing  materials.  Sales and  marketing  expenses  increased  35.9% to $12.2
million  for the six months  ended June 30,  2000 from $8.9  million for the six
months ended June 30, 1999.  As a percentage  of revenues,  sales and  marketing
expenses  decreased  to 34.5% for the six months  ended June 30, 2000 from 54.4%
for the six months  ended June 30,  1999.  The  increase in sales and  marketing
expenses  was due to an  expansion  of our sales  force  both  domestically  and
internationally  and  increased  marketing  activities  partially  offset  by an
$865,000 benefit to income in the second quarter as a result of an adjustment to
the  accounting  for  sales  commission  expense  due to a change  in facts  and
circumstances.

Research and Development. Research and development expenses consist primarily of
salaries and benefits.  Research and development expenses increased 130% to $5.0
million  for the six months  ended June 30,  2000 from $2.2  million for the six
months  ended  June  30,  1999.  As  a  percentage  of  revenues,  research  and
development  expenses  increased to 14.2% for the six months ended June 30, 2000
from 13.3% for the six months ended June 30, 1999.  The increase in research and
development  expenses in dollar  terms was  primarily  due to an increase in the
number of  developers  employed by us,  salary  increases  and costs  related to
creating  and  developing  new  products  and  enhancements  to the Market Guide
database.  We  believe  that  continued  investment  in product  development  is
critical to attaining our strategic objectives and, as a result, expect research
and development expenses to increase in dollar terms in future periods.


                                       13


<PAGE>


General  and  Administrative.   General  and  administrative   expenses  consist
primarily of salaries and benefits,  fees for professional services and facility
expenses, including depreciation of assets and amortization of deferred expenses
and  goodwill.  General and  administrative  expenses  increased  87.1% to $14.6
million  for the six months  ended June 30,  2000 from $7.8  million for the six
months  ended  June  30,  1999.  As  a  percentage  of  revenues,   general  and
administrative  expenses  decreased  to 41.5% for the six months  ended June 30,
2000 from 47.6% for the six months ended June 30, 1999.  The increase in general
and administrative  expenses in dollar terms in each period was primarily due to
increased  personnel,  professional service fees and facility expenses necessary
to support our domestic and  international  growth,  including costs  associated
with our Lake Success, San Francisco and London offices and the build out of our
new data center in New York,  as well as the  inclusion  of $960,000 in expenses
related to  amortization  of warrants and $800,000 in  amortization  of goodwill
related to the acquisitions of Sage and BuzzCompany.  We expect that general and
administrative  expenses will  increase in dollar terms in future  periods as we
hire additional  personnel and incur  additional  costs related to the growth of
our business and our operations as a public company.

Loss from Operations

Loss from  operations  decreased  34.4% to $4.5 million for the six months ended
June 30, 2000 from $6.8  million for the six months  ended June 30,  1999.  As a
percentage  of  revenues,  loss from  operations  decreased to 12.7% for the six
months  ended June 30, 2000  compared to 41.4% for the six months ended June 30,
1999.

Interest Income (Expense) and Other Income

Net  interest  income  increased  34.8% to $1.3 million for the six months ended
June 30, 2000 from $974,000 for the six months ended June 30, 1999. The increase
in net  interest  income  is  primarily  attributable  to an  increase  in  cash
available for investing.

Income Taxes

Income tax expense  decreased 85.9% to $95,000 for the six months ended June 30,
2000 from  $672,000 for the six months ended June 30, 1999.  The majority of the
tax  expense in the six months  ended June 30, 1999 was  attributable  to Market
Guide's operations prior to the September 1999 acquisition.

Loss from continuing operations

The Company  recorded a net loss from continuing  operations of $3.3 million and
$6.5  million  for the six  months  ended  June 30,  2000  and  June  30,  1999,
respectively,  or a net loss per share of $0.11  and  $0.42,  respectively.  The
decrease  in the net loss  was due to  increased  sales in all of the  Company's
businesses  coupled with tighter cost control measures  implemented in the first
quarter,  an adjustment to the accounting for sales commission  expense due to a
change in facts and  circumstances,  increased  interest  income, a reduction in
income taxes and the elimination of the redeemable  preferred stock dividends at
the date of the initial public offering.


Discontinued operations

Discontinued  operations  reflects  the  January  1999  sale of  Market  Guide's
CreditRisk Monitor business.  Gain from discontinued operations totaled $331,000
for  the  six  months  ended  June  30,  1999  compared  to the  absence  of any
discontinued operating activities for the six months ended June 30, 2000.

Net loss available to common stockholders

Net loss available to common stockholders  totaled $3.3 million and $7.4 million
for the six months ended June 30, 2000 and June 30, 1999, respectively or a loss
per share of $0.11 and $0.40, respectively. The decrease in the net loss was due
to increased sales in all of the Company's  businesses coupled with tighter cost
control  measures  implemented  in  the  first  quarter,  an  adjustment  to the
accounting  for  sales  commission   expense  due  to  a  change  in


                                       14


<PAGE>


facts and circumstances,  increased interest income, a reduction in income taxes
and the  elimination of the redeemable  preferred stock dividends at the date of
the initial public offering.

Liquidity and Capital Resources

We have financed our operations  primarily through the sale of equity securities
as we have not generated cash flow from operations since our inception.  Through
June 30, 2000, we have  received an aggregate of $115.9  million in net proceeds
from the sale of common stock and convertible preferred stock. At June 30, 2000,
we had $36.7 million of cash, cash  equivalents and marketable  securities.  Our
principal commitments consist of obligations under operating leases.

Net cash  used in  operating  activities  from  continuing  operations  was $7.2
million  in the six  months  ended  June  30,  2000,  and  $3.8  million  in the
equivalent period in 1999. The principal use of cash for all periods was to fund
our losses from  operations and the increase in accounts  receivable as a result
of the 114% increase in sales.

Net cash used in investing  activities was $11.5 million in the six months ended
June 30, 2000, and $18.7 million in the equivalent  period in 1999. Cash used in
investing   activities   was  primarily   related  to  purchases  of  marketable
securities,  the  acquisition of Sage Online and the acquisition of property and
equipment.

Net cash  provided by financing  activities  was $23.3 million in the six months
ended June 30, 2000,  and $42.8 million for the  equivalent  period in 1999. Net
cash provided by financing  activities  primarily consisted of net proceeds from
the sale of common  stock to Merrill  Lynch and  proceeds  from the  exercise of
employee stock options.

Net cash provided by discontinued activities totalled $331,000 in the six months
ended June 30, 1999. There was no comparable transaction in the six months ended
June 30, 2000.

Although we have no material commitments for capital expenditures, we anticipate
that we will experience a substantial  increase in our capital  expenditures and
lease  commitments   consistent  with  our  anticipated  growth  in  operations,
infrastructure  and  personnel,  including  the  implementation  of our new data
center  and  various   capital   expenditures   associated  with  expanding  our
facilities.  We  currently  anticipate  that  we  will  continue  to  experience
significant growth in our operating expenses for the foreseeable future and that
our operating expenses will be a material use of our cash resources.  We believe
that our existing cash,  cash  equivalents  and marketable  securities,  will be
sufficient to meet our  anticipated  cash needs for working  capital and capital
expenditures at least for the next twelve months.


                   RISK FACTORS THAT MAY AFFECT FUTURE RESULTS

We have  limited  operating  history in certain of our lines of business and the
markets for our products and services are rapidly changing

           Multex.com commenced operations in April 1993, but all of our current
services were launched after May 1996. Accordingly,  we have a limited operating
history upon which you can evaluate our business. In order to be successful,  we
must  increase  our  revenues  from  subscription   fees  for  MultexNET,   from
development,   hosting  and  subscription  fees  for   MultexEXPRESS,   generate
additional sales of investment  research on a pay-per-view  basis through Multex
Research-On-Demand,  attract more users to Multex Investor and increase  license
fees from the  Market  Guide  database.  We must  also  integrate  and  increase
revenues from our newly acquired subsidiaries,  Sage Online and BuzzCompany.com.
We face risks, among others, relating to our ability to:

   o    anticipate and adapt to the changing Internet market;
   o    attract more subscribers, research and data contributors, and technology
        and business partners;
   o    implement  our  sales,   marketing,   and  branding   strategies,   both
        domestically and internationally;
   o    attract, retain and motivate qualified personnel;
   o    respond to actions taken by our competitors;
   o    continue to build an infrastructure to effectively manage our growth and
        handle any future increased usage; and


                                       15


<PAGE>



   o    integrate acquired businesses, technologies, products, and services.

If we are  unsuccessful  in addressing  these risks or in executing our business
strategy, our business,  results of operations, and financial condition would be
materially and adversely affected.

Multex.com's business would be materially and adversely affected if the emerging
market for online investment research does not continue to grow

           The market for the  distribution  of  investment  research  and other
information  over the Internet has only  recently  begun to develop,  is rapidly
evolving,  and is characterized  by an increasing  number of market entrants who
have  introduced  or  developed  electronic   investment  research  distribution
services by facsimile and over public and private networks,  online services and
the  Internet.  As is typical of a rapidly  evolving  market,  demand and market
acceptance for new services are subject to a high level of uncertainty.

           Because the market for our services is new and rapidly  evolving,  it
is  difficult  to predict with any  assurance  the growth rate,  if any, and the
ultimate  size of this  market.  We cannot  assure  you that the  market for our
services will develop or that our services will ever achieve market  acceptance.
If the market fails to develop,  develops more slowly than expected,  or becomes
saturated with competitors, if our services do not achieve market acceptance, or
if pricing becomes subject to significant  competitive pressures,  our business,
results of operations and financial  condition would be materially and adversely
affected.

Multex.com's business could be materially and adversely affected by pressures of
competition

           The market for the  distribution  of  investment  research  and other
information over the Internet is intensely competitive. We expect competition to
continue  to  increase.  Competition  also may  increase as a result of industry
consolidation.  Increased competition could result in price reductions,  reduced
gross margins and loss of market  share,  any of which would have a material and
adverse effect on our business,  results of operations and financial  condition.
We  currently  face  direct  and  indirect  competition  for both  providers  of
investment research and other reports, and for subscribers, including with large
and  well-established  distributors  of financial  information,  such as Thomson
Financial  Services  (through its  subsidiaries  First Call and  Investext)  and
I|B|E|S,  a subsidiary of Primark Corp. Some of our competitors  enjoy exclusive
distribution  arrangements  with major financial  institutions.  We also compete
with:

   o    companies that provide investment  research,  including investment banks
        and brokerage firms, many of whom have their own Web sites;
   o    other providers of either free or subscription  research services on the
        Internet;
   o    services  provided  by  some of our  strategic  distributors  which  are
        competitive in one or more respects with our service offerings;
   o    numerous prospective competitors,  including Standard & Poor's, Moody's,
        and Zacks  Investment  Research,  that offer  investment  research-based
        services;
   o    various written publications,  including  traditional media,  investment
        newsletters,   personal   financial   magazines  and  industry  research
        appearing in financial periodicals;
   o    services provided by in-house management  information services personnel
        and independent systems integrators;
   o    annual  reports  and other  filings  with the  Securities  and  Exchange
        Commission;
   o    Standard & Poor's company-specific reports; and
   o    Value Line investment research reports.

           If we fail to  successfully  compete  with any of these  entities  or
information  sources,  our  business,   results  of  operations,  and  financial
condition may be  materially  adversely  affected.  It is also possible that new
competitors may emerge and rapidly acquire  significant market share.  Increased
competition is likely to result in price  reductions,  reduced gross margins and
loss of market share,  which could materially and adversely affect our business,
results of operations and financial condition.


                                       16


<PAGE>




Multex.com's business could be materially and adversely affected by a downturn
in the financial services industry

           We are dependent upon the continued  demand for the  distribution  of
investment research and other information over the Internet, making our business
susceptible to a downturn in the financial  services  industry.  For example,  a
decrease in the number of analysts that prepare  investment  research reports or
in the capital dedicated to the dissemination of this research could result in a
decrease  in the number of  research  reports  and other  financial  information
available  for  distribution  and  a  concomitant  decrease  in  demand  by  our
subscribers for these reports and other information. In addition, U.S. financial
institutions  are  continuing  to  consolidate,  increasing  the leverage of our
information  providers to negotiate  price and decreasing the overall  potential
market  for  some of our  services.  These  factors,  as well as  other  changes
occurring in the financial services industry,  could have a material and adverse
effect on our business, results of operations and financial condition.

Rapid growth in Multex.com's future operations could strain our managerial,
operational and financial resources

           We have experienced rapid growth in our operations. This rapid growth
has  placed,  and our  anticipated  future  growth  will  continue  to place,  a
significant strain on our managerial,  operational and financial resources, that
if not properly managed, could materially adversely affect our business, results
of operations, and financial condition.

The loss of any of Multex.com's key personnel could have a material and adverse
effect

           Our future success will depend, in substantial part, on the continued
service of our senior  management,  including Mr. Isaak Karaev, our Chairman and
Chief Executive Officer, and key technical and sales personnel, none of whom has
entered    into   an    employment    agreement    with   us   other    than   a
non-competition/non-disclosure   agreement.   We  maintain  a  key  person  life
insurance  policy in the amount of $2.0 million on the life of Mr.  Karaev.  The
loss of the services of one or more of our key  personnel  could have a material
and  adverse  effect  on our  business,  results  of  operations  and  financial
condition.  We have from time to time in the past experienced,  and we expect to
continue to experience in the future,  difficulty in hiring and retaining highly
skilled employees with appropriate qualifications.

Multex.com's international operations are new and may not be successful. We have
only limited business experience outside of the United States

           We  have  only   recently   commenced   operations  in  a  number  of
international  markets  and a key  component  of our  strategy is to continue to
expand our international operations. To date, we have only limited experience in
developing and obtaining  research and other financial  information  relating to
companies  whose  securities  are traded on foreign  markets  and in  marketing,
selling and distributing our services  internationally.  The failure to gain the
necessary experience,  hire appropriate  personnel,  and enter into key business
relationships  in these markets could have a material and adverse  effect on our
business, results of operations and financial condition.

Doing   business   internationally   subjects   us  to   additional   regulatory
requirements, tax liabilities and other risks

           There are risks inherent in doing business in international  markets,
including unexpected changes in regulatory requirements, potentially adverse tax
consequences,   export  restrictions  and  controls,  tariffs  and  other  trade
barriers,  difficulties in staffing and managing foreign  operations,  political
instability, fluctuations in currency exchange rates, and seasonal reductions in
business  activity during the summer months in Europe and various other parts of
the world,  any of which could have a material and adverse effect on the success
of our international operations and, consequently,  on our business,  results of
operations  and  financial  condition.  Furthermore,  we cannot  assure you that
governmental  regulatory  agencies  in one or more  foreign  countries  will not
determine  that  the  services  provided  by  us  constitute  the  provision  of
investment  advice,  which  could  result  in our  having to  register  in these
countries  as an  investment  advisor  or in our  having  to cease  selling  our
services in these  countries,  either of which could have a material and adverse
effect on our business, results of operations and financial condition.


                                       17


<PAGE>



Because  Multex.com's  business is dependent  upon network and computer  systems
located in one area, we are susceptible to problems caused by natural disasters,
power failures, system failures, security breaches or other damage to our system

           Our  electronic   distribution   of  investment   research   utilizes
proprietary technology which resides principally in New York City. The continued
and uninterrupted performance of our network and computer systems is critical to
our  success.  Any  disaster,   power  outage  or  system  failure  that  causes
interruptions in our ability to provide our services to our customers, including
failures  that  affect  our  ability to collect  research  from our  information
providers or provide electronic  investment  research to our users, could reduce
customer   satisfaction  and,  if  sustained  or  repeated,   would  reduce  the
attractiveness  of our services.  An increase in the volume of research  reports
handled by our  systems,  or in the rate of requests  for this  research,  could
strain the  capacity  of our  software or  hardware,  which could lead to slower
response times or system failures.  Furthermore,  we face the risk of a security
breach of our systems that could disrupt the  distribution of research and other
reports and  information.  Our  business,  results of  operations  and financial
condition  could be materially  and adversely  affected if any of these problems
occur.

           Our  operations  are  dependent on our ability to protect our network
and computer  systems against damage from computer  viruses,  fire,  power loss,
data  communications  failures,  vandalism and other malicious acts, and similar
unexpected  adverse  events.  In  addition,  a  failure  of  our  communications
providers to provide the data communications capacity in the time frame required
by us for any reason could cause  interruptions in the delivery of our services.
Despite precautions we have taken,  unanticipated problems affecting our systems
have from time to time in the past caused, and in the future could cause, delays
and  interruptions  in the delivery of our  services.  Although we carry general
liability  insurance,  our  insurance  may not cover any claims by  dissatisfied
providers  or  subscribers  or may  not be  adequate  to  indemnify  us for  any
liability that may be imposed in the event that a claim were brought against us.
Our business,  results of operations and financial condition could be materially
and adversely  affected by any system  failure,  security breach or other damage
that interrupts or delays our operations.

The  market  price  of our  shares  may  experience  extreme  price  and  volume
fluctuations

           The stock market has,  from time to time,  experienced  extreme price
and volume fluctuations. The market prices of the securities of Internet-related
companies have been especially volatile,  including  fluctuations that are often
unrelated to the operating  performance of the affected companies.  Broad market
fluctuations  of this type may  adversely  affect the market price of our common
stock.  The market  price of our common  stock  could be subject to  significant
fluctuations due to a variety of factors, including:

   o    public announcements  concerning us or our competitors,  or the Internet
        industry;
   o    fluctuations in operating results;
   o    a downturn in the financial  services  industry  generally or the market
        for securities trading in particular;
   o    introductions of new products or services by us or our competitors;
   o    changes in analysts' earnings estimates; and
   o    announcements of technological innovations.

           In the past, companies that have experienced volatility in the market
price of their stock have been the object of securities class action litigation.
If we were the object of securities class action litigation,  it could result in
substantial  costs and a diversion of our  management's  attention and resources
and have a material  adverse  effect on our  business,  results of operation and
financial condition.


The future sale of shares of our common  stock may  negatively  affect our stock
price

           If our  stockholders  sell  substantial  amounts of our common stock,
including shares issuable upon the exercise of outstanding  options and warrants
in the public  market,  the market price of our common  stock could fall.  These
sales also might make it more difficult for us to sell equity  securities in the
future at a time and price that we deem appropriate.

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<PAGE>




Distribution  and  other  fees to  research  providers  and  strategic  partners
increase Multex.com's costs

           Royalties and distribution fees payable to our information  providers
and  strategic  partners  to  obtain  distribution  rights to  research  reports
included in Multex  Research-On-Demand  constitute a significant  portion of our
cost of revenues.  If we are required to increase the  royalties or fees payable
to these information  providers or strategic partners,  these increased payments
could have a material and adverse effect on our business,  results of operations
and financial condition.

The  inadvertent  distribution  of research  reports could result in a claim for
damages against Multex.com or harm our reputation

           Under   certain  of  our   contracts  we  are  required  to  restrict
distribution of financial information to those users who have been authorized or
entitled  to  access  the  report  by  the   information   provider.   We  might
inadvertently  distribute a particular report to a user who is not so authorized
or entitled,  which could  subject us to a claim for damages by the  information
provider or which could harm our reputation in the marketplace,  either of which
could have a material and adverse effect on our business,  results of operations
and financial condition.


                     Risks Related to the Internet Industry

If the Internet infrastructure is not adequately maintained, we may be unable to
provide investment research and information services in a timely manner

           Our  future  success  will  depend,  in  substantial  part,  upon the
maintenance  of  the  Internet  infrastructure,  including  a  reliable  network
backbone with the necessary  speed,  data capacity and security,  and the timely
development of enabling  products,  including  high-speed  modems, for providing
reliability and timely  Internet access and services.  We cannot assure you that
the  Internet  infrastructure  will  continue  to be able to support the demands
placed on it or that the  performance or reliability of the Internet will not be
adversely  affected.  Furthermore,  the  Internet has  experienced  a variety of
outages and other delays as a result of damage to portions of its infrastructure
or otherwise,  and these outages or delays could adversely  affect the Web sites
of our  contributors,  subscribers or  distributors.  In addition,  the Internet
could lose its viability as a form of media due to delays in the  development or
adoption of new  standards  and protocols  that can handle  increased  levels of
activity.  We  cannot  assure  you that  the  infrastructure  and  complementary
products and services  necessary to maintain the Internet as a viable commercial
medium will be developed or maintained.

We may be subject to legal claims in connection  with the content we publish and
distribute on the Internet

           As a publisher and distributor of online  content,  we face potential
direct and indirect liability for claims of defamation,  negligence,  copyright,
patent or trademark  infringement,  violation of the  securities  laws and other
claims  based  upon the  reports  and data  that we  publish.  For  example,  by
distributing  a  negative  investment  research  report,  we may find  ourselves
subject to defamation claims, regardless of the merits of these claims. Computer
failures  may also result in  incorrect  data being  published  and  distributed
widely. In these and other instances, we may be required to engage in protracted
and expensive litigation,  which could have the effect of diverting management's
attention and require us to expend significant financial resources.  Our general
liability  insurance may not necessarily cover any of these claims or may not be
adequate to protect us against all liability that may be imposed.  Any claims or
resulting  litigation  could have a material and adverse effect on our business,
results of operations and financial condition.

We  may  become   subject  to  burdensome   government   regulation   and  legal
uncertainties

           The laws  governing the Internet  remain largely  unsettled,  even in
areas where there has been some legislative action. Legislation could dampen the
growth in the use of the Internet  generally and decrease the  acceptance of the
Internet as a communications and commercial medium,  which could have a material
and  adverse  effect  on our  business,  results  of  operations  and  financial
condition. In addition, due to the global nature of the Internet, it is possible
that, although  transmissions relating to our services originate in the State of
New York,  governments of other states,  the United States or foreign  countries
might  attempt to  regulate  our  services  or levy


                                       19


<PAGE>



sales or other taxes on our activities.  We cannot assure you that violations of
local or other laws will not be alleged or charged by local,  state,  federal or
foreign  governments,  that we might not  unintentionally  violate these laws or
that these laws will not be modified, or new laws enacted, in the future. Any of
these  developments  could have a material and adverse  effect on our  business,
results of operations and financial condition.



                                       20

<PAGE>



                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

        NONE

ITEM 2. CHANGES IN SECURITIES

        At the Company's Annual Meeting of Stockholders,  which was held on June
        29,  2000,  the  Company's  stockholders  approved an  amendment  to the
        Company's  Amended  and  Restated   Certificate  of  Incorporation  that
        increases  the  number  of  authorized   shares  of  Common  Stock  from
        50,000,000 to 200,000,000  shares. The amendment  authorizes  sufficient
        additional  shares of  Common  Stock to  provide  the  Company  with the
        flexibility  to make  issuances for any proper  purpose  approved by the
        Board of  Directors  from time to time,  including  issuances  to effect
        acquisitions  or raise capital and  issuances in connection  with future
        stock  splits or  dividends,  without the  necessity  of  delaying  such
        activities for further stockholder approval except as may be required in
        a particular case by the Company's charter documents,  applicable law or
        the rules of any stock  exchange or other system on which the  Company's
        securities  may then be listed.  There are  currently  no  arrangements,
        agreements  or  understandings  for the  issuance  or use of  additional
        shares of  authorized  Common Stock (other than  issuances  permitted or
        required  under the  Company's  stock-based  employee  benefit  plans or
        awards made pursuant to those plans).  The  additional  shares of Common
        Stock  authorized by adoption of the amendment have rights  identical to
        the currently  outstanding Common Stock of the Company.  Issuance of the
        Common  Stock  would not affect the rights of the  holders of  currently
        outstanding  Common Stock,  except for effects  incidental to increasing
        the number of shares of the Common Stock  outstanding,  such as dilution
        of  earnings  per share and voting  rights of current  holders of Common
        Stock.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

        NONE

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

        The Company held its Annual  Meeting of  Stockholders  on June 29, 2000.
        The stockholders elected George F. Adam, Jr., I. Robert Greene and James
        M.  Tousignant,  each for a three-year  term expiring at the 2003 Annual
        Meeting of Stockholders.  Directors continuing in office were Lennert J.
        Leader, Devin N. Wenig, Homi M. Byramji, Isaak Karaev and John Tugwell.

        The  stockholders  approved an  amendment to the  Company's  Amended and
        Restated   Certificate  of  Incorporation  to  increase  the  number  of
        authorized shares of Common Stock from 50,000,000 to 200,000,000.

        The stockholders  approved amendments to the Company's 1999 Stock Option
        Plan to increase  the number of shares of Common Stock  available  under
        such Plan by an additional  3,500,000  shares and to increase the number
        of shares by which the share reserve  under the Plan will  automatically
        increase  on the first  trading  day in each  calendar  year from  three
        percent  (3%) of the  shares of  Common  Stock  outstanding  on the last
        trading day of the immediately  preceding  calendar year to five percent
        (5%) of such outstanding shares, subject to a maximum annual increase of
        900,000 shares.

        The  stockholders  ratified  the  appointment  of  Ernst & Young  LLP as
        independent  auditors of the Company for the fiscal year ending December
        31, 2000.



                                       21

<PAGE>



        The votes were cast as follows:

        Proposal             For           Against      Abstentions   Non-Votes
        -----------------------------------------------------------------------

        Charter Amendment    21,523,730    5,672,781    498,571

        Option Plan          14,369,989    8,875,568    503,879       3,945,646

        Auditors             27,654,511        7,542     33,029

ITEM 5. OTHER INFORMATION

        NONE

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)        Exhibits:

     3.1   Amendment to the Amended and Restated Certificate of Incorporation of
           Multex.com, Inc.

     27.1  Financial Data Schedule

(b)        Reports on Form 8-K:

     1.    April 5, 2000 - Form 8-K  relating to the  Company's  acquisition  of
           Sage Online, Inc.

     2.    May 24, 2000 - Form 8-K  relating  to the  Company's  acquisition  of
           BuzzCompany.com, Inc.

     3.    June 2, 2000 - Form 8-K/A amending the Company's Form 8-K filed April
           5, 2000 to  incorporate  certain  financial  statements and pro forma
           information.

     4.    July 24, 2000 - Form 8-K/A  amending the Company's Form 8-K filed May
           24, 2000 to incorporate  certain  financial  statements and pro forma
           information.

ITEM 7. SIGNATURES

           Pursuant to the  requirements  of the  Securities  Exchange  Act, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                          MULTEX.COM, INC.
                                          (Registrant)


Date: August 11, 2000                              /s/ Isaak Karaev
                                           ------------------------
                                           Name:  Isaak Karaev
                                           Title:  Chief Executive Officer


Date: August 11, 2000                           /s/ John J. McGovern
                                           -------------------------
                                           Name:  John J. McGovern
                                           Title:  Chief Financial Officer


                                       22