OM: "Disappointing" 2001 Results
EARNINGS REPORT
STOCKHOLM--Exchange technology firm OM reassured shareholders last week that 2001 was not a wasted year, despite falling revenues and profits fall as its retail electronic equity trading platform Jiway lost money hand over fist and dragged OM into a first-ever loss.
"OM launched Jiway in November 2000 in collaboration with Morgan Stanley. As it turned out, our timing could not have been worse," CEO Per Larsson told shareholders at the firm’s annual general meeting on March 20. Not only did OM
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