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Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »
DOJ Requires Thomson to Sell Assets in Reuters Deal
The U.S. Department of Justice will require Thomson to sell financial data and other assets in three markets in order for the company to complete its US$17 billion acquisition of Reuters Group, the DOJ announced Tuesday.
February 19, 2008 — IDG News Service —
The U.S. Department of Justice will require Thomson to sell financial data and other assets in three markets in order for the company to complete its US$17 billion acquisition of Reuters Group, the DOJ announced Tuesday.
The deal, as proposed, would cause higher prices for purchases of three types of financial data used by investment managers, investment bankers, traders and other customers, the DOJ said in a press release.
Thomson has grown by acquisition in recent years. Its Thomson Financial analyst poll for earnings forecasts, which heavily monitors technology vendors, is widely disseminated online.
Under a settlement proposed by the DOJ, Thomson and Reuters must sell copies of the data contained in Thomson's WorldScope fundamentals product; Reuters Estimate, an earnings-estimate product; and Reuters Aftermarket (Embargoed) Research Database, an analyst research-distribution product. The settlement requires Thomson to sell copies of the financial datasets within 60 days, as well as provide buys with access to training and support so that the buyers can offer a competitive product.
The DOJ's Antitrust Division must approve the buyer of each set of assets under the settlement. The DOJ's Antitrust Division filed a civil antitrust lawsuit Tuesday in U.S. District Court for the District of Columbia as the first step toward reaching the settlement.
The DOJ decided that the deal would have eliminated competition between Thomson and Reuters and would have likely caused higher prices for fundamentals data, earnings-estimate data and aftermarket research reports. The DOJ called this data "vital" to users of financial data, and the two companies are among the few firms that supply the data.
The European Commission also announced the results of its antitrust investigation into the deal. The European Commission will require Thomson to sell off a fourth product, Reuters Economics (EcoWin), as a condition of the merger approval. The DOJ said it had no competitive concerns about the EcoWin product in the U.S.
Thomson announced its merger with Reuters in May. Reuters is based in London, and Thomson's headquarters are in Stamford, Connecticut.
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