Reading Techno Tea Leaves After Paine, Kidder Deal
MANAGEMENT AND STRATEGY
Primarily motivated by its ambition to expand its network of retail brokers, PaineWebber Inc. signed a deal with General Electric earlier this month to buy Kidder Peabody & Co. However, while the deal places PaineWebber on the brink of becoming the fourth-largest brokerage firm on Wall Street, the firm has yet to decide on the trading room technology it will use once it has digested Kidder.
While public statements following the announcement of the buyout have emphasized the technological
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