Magazine article Information Today

Lotus Development Unveils U.K. Discs

Magazine article Information Today

Lotus Development Unveils U.K. Discs

Article excerpt

Lotus Development Unveils U.K. Discs

As Europe moves toward the 1992 unification, international businesses are positioning themselves for the changes that lie ahead. The information industry is focusing on the resources decision makers need to plan for 1992, as evidenced by Lotus Development Corporation's introduction of a new One Source CD-ROM product and the announcement of their anticipated release of two other One Source discs.

CD/Private+: U.K., available immediately, provides 10-year information on more than 100,000 private and public companies, including financial items and ratios, company/industry comparisons, management structure, and advisors. ICC Online Ltd. supplies the data and the file is updated monthly. Lotus is targeting this addition at professionals in investment houses, banks, and corporations that perform financial, merger and acquisition, and investment analysis on foreign companies.

"The 1990s will bring a ground swell of financial activity abroad as companies seek to maximize their profitability and seize the opportunities presented by 1992," Kenneth Grunzweig, Lotus One Source general manager, said in a prepared statement. "To participate, companies will need indepth international information to research, analyze, and structure deals involving foreign companies. With One Source, investment professionals will be able to access international data from their desktops in seconds."

Finding a Target

When the trade restrictions fall in 1992, manufacturing companies in Europe will be exempt from tariffs when shipping to another European country in the unified market. Corporations outside of the market, though, will still be required to pay tariffs. Therefore, there is keen interest around the world in acquiring European companies.

In the online arena, databases with European corporate directory information are already reporting greatly-increased usage as searchers are trying to locate potential partners, takeovers, and the countries in which to best do business. "Companies want a European base, but they don't want to go bankrupt, either," said Marydee Ojala, formerly of Bank of America and currently an information consultant in Overland Park, Kansas. …

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