BRIEF OBJECTS
BRIEF OBJECTS
ROLLING IN DOUGH
The Securities Industry Association says that US brokerage revenue hit a record $57 billion in the first quarter. That is 10 percent above 1999’s first quarter. Pretax profits were up 241 percent over 1999’s first quarter level to $7.5 billion. Global revenues for US securities firms were over $100 billion, and pre-tax global profits were $19 billion.
SOFTWARE ACQUISITIONS
Vignette is buying Ondisplay for about $1.8 billion in stock, and Webmethods is buying Active Software for
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