CHICAGO, Sept. 13 /PRNewswire/ -- PCQuote.com, Inc, a subsidiary of
HyperFeed Technologies, Inc., announced today that it has borrowed $2 million
from Motorola, Inc. The loan, which matures on March 31, 2002, is subject to
early repayment in the event that PCQuote.com completes an initial public
offering of its common stock. Otherwise, payments on the loan are due on a
quarterly basis commencing June 30, 2000.
In addition, PCQuote.com also announced today that it is in discussions
with Motorola regarding a business relationship under which PCQuote.com would
provide market data and investor information content to wireless applications
and services developed by Motorola. The discussions of the business
relationship and any related agreements between Motorola and PCQuote.com are
in a preliminary stage and there is no assurance that any business
relationship will develop.
About PCQuote.com, Inc.
PCQuote.com, Inc. is an Internet-based provider of real-time and delayed
market quotes, timely business news and comprehensive tools for researching
and analyzing financial information.
HyperFeed Technologies, Inc.
HyperFeed Technologies is a leading provider of real-time financial market
data and news to professional and consumer markets worldwide. Incorporating
IP Multicast and proprietary advanced compression technologies, HyperFeed
2000, the company's proprietary datafeed, offers recipients the speed and the
capacity to handle rapidly growing volumes of market data. Professional and
individual investors use the firm's software applications to view, analyze and
manipulate market data. In addition, the firm also offers web-based authoring
and software development tools for easy integration of HyperFeed 2000 data
into a variety of web-based and software applications.
About Motorola, Inc.
Motorola is a global leader in advanced electronic systems and services.
It liberates the power of technology by creating software-enhanced products
that provide integrated customer solutions and Internet access via wireless
and satellite communications, as well as computing, networking, and automotive
electronics. Motorola also provides essential digital building blocks in the
form of embedded semiconductors, controls and systems. Sales in 1998 were
$29.4 billion.
SOURCE PC Quote, Inc.
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Related links:
http://www.frbinc.com
CONTACT:
Dyan Hessenthaler of PCQuote.Com, Inc.,
312-542-9297; or Mark Johnson of The Financial Relations Board
312-640-6793, for PCQuote.Com, Inc.
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