They Came In Search of Better Software.
Some pros think the move presages more big upticks ahead.
Telescan, which provides investment analysis, data retrieval, and Internet services to businesses and individuals, plans soon to provide E-trade services, as well. Telescan has bought a minority stake in Trading Technologies, a privately held software company that is developing a stock-trading system for Telescan. Online trading will be a significant addition to Telescan's services and make it a more powerful Internet tool,'' says Tim Stobaugh of Stonegate Securities in Dallas. Telescan will develop investment analytics and provide financial data and hosting services for the NBC site. It also has licensing agreements with American Express and Citigroup.