Feast has become famine, especially for Internet companies that aren't turning a profit but seem determined to spend more than expected on sales and marketing to grab more customers today. While losses should bulge this year before narrowing next year, the losses overall should be higher than forecast just a few months ago. The deal should enhance the company's proprietary product offerings while creating cross-selling opportunities. Investors who pigged out should have expected the ensuing indigestion. The company's database includes more than 1.5 million research reports on more than 20,000 companies.
Research is delivered via four channels.
Thirty-five systems were in place at the end of June. More than 450,000 reports from roughly half the firms participating in MultexNet are available through this service. Multex also makes money from ad and sponsorship revenues for this developing financial research portal. And, as anyone reading this Trouble knows, individuals are crashing Wall Street's club, using the Web for low-commission trading and searching it for reliable, insightful sources of financial data and analysis. New members are coming on board at the rate of 15,000 per week.