HERD

Telekurs has lost its most senior executive responsible for product development. Chris Nokes was head of Telekurs' financial information division, based in Zurich. Nokes spearheaded the vendor's shift from data collection and distribution into the arena of applications -- a transition the vendor cannot yet claimed it's made. No word yet on where and why he went. Nor has news of the vendors plans to replace Nokes hit the street. Among the tasks that replacement will face is competing development