Multex.com Challenged by Operating Environment; Gains New Site Contributors
ORGANIZATION AND STRATEGY
NEW YORK--Multex.com reported a first quarter loss of $2 million last Thursday -- but that was an improvement on the $3 million loss reported in the corresponding quarter last year reflecting a "challenging operating environment," created by weak stock markets according CFO Jeffrey Geisenheimer.
Multex.com’s revenues are driven by advertising and transactions, and both were down in the first quarter, ended March 31, 2002. "Many of our clients are still under internal pressures to reduce their
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