Øyvind Bentsen, Arnt Erik Lien, Robert A. Farstad,
Bjarne Nerlandsrem
1. Describe briefly what the Information System does.
Dow Jones News service
About Dow Jones Business News
Dow Jones Business News is a near real-time
newswire covering companies, industries, the
financial markets and the economy. Each day,
Dow Jones Business News editors monitor
several newswires published by Dow Jones & Company for the professional
investment community. From this pool of thousands of stories, Dow Jones
editors select those that are most likely to impact a given company's
performance or to be of greatest significance to an industry. Corporate
coverage includes developments at U.S. corporations, product news, joint
ventures, financial results and organizational changes, as well as market
reaction to the events.
Dow Jones Business News also includes timely and comprehensive coverage
of U.S. financial markets and economic events, as well as coverage of
international markets and major economic and corporate news outside the
U.S.
Dow Jones Business News is featured throughout dowjones.com, including
the industry-news pages, Search Center results and on the main, markets and
economy pages.
About dowjones.com 2000
The dowjones.com 2000 is a collection of more than 2,000 business-focused
sites selected by Dow Jones editors. This collection includes sites dedicated
to companies, industries, markets, government and other business
information. The catalog of sites is crawled daily by Inktomi, the technology
provider for searching.
Sites are added and deleted regularly from the dowjones.com 2,000
collection, depending on their current relevance and timeliness. The currency
and relevance of the dowjones.com 2000 collection produces business search
results that are better targeted and more efficient than those offered by
general search engines.
Press Releases
Dowjones.com provides members with access to press releases from the past
30 days. Releases come from PR Newswire and Business Wire.
The Wall Street Journal Interactive Edition
The Wall Street Journal Interactive Edition is a sister site to dowjones.com.
The Interactive Journal, which is available by paid subscription only, offers
easy access to the Wall Street Journal news you see on dowjones.com plus
in-depth commentary and analysis, more in-depth research resources,
additional exclusive coverage and much more. An annual subscription costs
US $59 (US $29 if you subscribe to the print Journal or Barron's).
Dow Jones Publications Library
The Publications Library is part of Dow Jones Interactive, a customizable,
business news research solution for the enterprise. When you include this in
your dowjones.com search, you'll be accessing two years' worth of articles
from hundreds of the world's leading business and trade publications,
including The Wall Street Journal, The New York Times, the Los Angeles
Times, Fortune, Forbes and the Economist. And once you've completed the
registration, you can expand your search to any or all of the 6,000
publications included in the library -- and you can customize your date range
to go back as far as 15 years. Headlines and searching are always free.
Articles you choose to view cost US $2.95 each.
2. Introduce the Information System, and those using it.
Dow Jones & Co. is still considered by many to be the premiere source of
information on the U.S. equity markets. Dow Jones News/Retrieval Service
provides access to over 3,600 publications, and provides real-time business
news to securities industry professionals. Dow Jones Newswires is a non
Internet-based electronic news service available by subscription to financial
professionals.
Every day, stockbrokers, traders, analysts, money managers and other
financial professionals rely on reporting and analysis from it to support their
trading decisions and to uncover market opportunities.
Dow Jones covers corporate disclosure news, exclusive interviews,
industry news, market reports, economic and political developments,
hot stocks and international events.
It also covers earnings, mergers, dividends, stock splits, debt and equity
offerings, bankruptcy filings, executive changes, new products, analyses of all
U.S. economic indicators and related data, plus extensive coverage of the
Federal Reserve. It also has a news desk dedicated to covering small cap
stocks.
Some of the most watched features are the "stocks to watch" reports,
analysts' rating changes, hourly news highlights, earnings reports calendars,
and exclusive CEO interviews or "Dow Jonesers."
3. How is the Information System Strategic?
Dow Jones News Service:
Accurate, Real-Time News for the Equity Markets
When you’re in the equity markets, you need news that’s not only accurate
and reliable, but first. That’s what you get from Dow Jones News Service
(DJNS), the leading source of real-time equity markets news for more than
100 years. The instant that news breaks, Dow Jones’ world-wide resources
are there to get it out to you quickly. You’ll receive fast tips and in-depth
reports on anything and everything that affects stock prices—corporate
disclosures, industry news, market reports, hot stocks, international events
and more.
WHAT’S COVERED
• Corporate Developments:
Quick, concise coverage of earnings, mergers, dividends, stock splits, debt
and equity offerings, bankruptcy filings, executive changes, new products and
more. You’ll find extensive reporting on smaller Nasdaq companies, plus indepth international news.
• U.S. and Canadian Equity Market News:
From a pre-opening outlook to an in-depth analysis at the close with frequent
updates in between, DJNS covers key equity markets in the U.S. and
Canada. Hot stocks are flagged with brief comments and fuller reports when
warranted. Special news stories highlight unusual price or volume activity in
specific stocks.
• Other Financial Market News:
Extensive coverage of major equity markets around the world plus frequent
updates and analyses of worldwide bond, foreign exchange and precious
metals markets.
• U.S. Economic News and Indicators:
Forecasts, instant reports and quick analyses of all U.S. economic indicators
and related data, plus economic developments that affect the markets.
Particularly strong Federal Reserve coverage.
• World-wide Geopolitical and Economic News:
Complete coverage of Tokyo, Frankfurt, London, Mexico City and other key
financial centres, including reports on key political developments and other
events affecting the markets.
SPECIAL FEATURES
You’ll also find these special features on DJNS:
• Hot Stocks to Watch: An early morning feature that spotlights companies
and industries where heavy trading action is expected.
• Calendar of Events: Lists economic data & indicators scheduled for release
• Small cap company coverage.
• Exclusive CEO interviews.
• Analysts’ rating changes.
• Mutual fund news, analyses, profiles and top performers.
• Wall Street Journal articles and statistics.
• Barron’s articles.
DELIVERY OPTIONS
DJNS is available through quote vendors, direct delivery methods such as
digital/video switching systems and display boards, and proprietary Dow
Jones services.
DOW JONES EQUIPMENT AND DELIVERY OPTIONS
Dow Jones NewsCall:
A desktop video display system with an optional printer.
Dow Jones Workstation:
Offers multiple information windows, including a “news window” that displays
current headlines, plus prices and other data.
Dow Jones Composite Feed:
High-speed transmission of all Dow Jones Newswires products directly into
corporate computer networks.
Federal Filings, Inc. NewsManager:
Software developed by Federal Filings for viewing Dow Jones Newswires in a
Windows* environment, taking advantage of its powerful search, retrieval and
networking capabilities. (*Compatible with Windows 95, Windows 3.1,
Windows NT and Windows for Workgroups (+win2000?))
DJNS NEWS FORMATS
With most delivery options, you can use the following news formats:
Scrolling Headlines:
Headlines appear on your screen as they are transmitted. As market-moving
news breaks, Dow Jones editors take great care to pack the most information
possible in the short space of a headline. Scrolling headlines allow you to see
the news in real time and stay in constant touch with the total market picture.
Financial News Retrieval:
Historical news archive up to 180 days. Allows for easy retrieval of news using
stock symbols or Dow Jones category codes.
Interactive News:
Scrolling headlines plus 24-hour historical retrieval.
Each headline includes an identifier that allows you to retrieve the complete
story.
Value or risk analysis
"It always felt good
knowing something
they didn't know."
What kind of Value or Risk Analysis those selecting to use this
technology might have done:
When you're in the equities markets, you need news that's accurate, reliable,
complete — and fast. Which is why so many people turn to Dow Jones News
Service, the premier source of real-time financial news.
With a global team of more than 800 editors and reporters, Dow Jones News
Service transmits an average of 2,500 news items every day. You'll get quick,
in-depth reports on everything that affects the stock markets from corporate
disclosures and industry news to international events and hot stocks.
The heart of djnewsplus.com, Dow Jones News Service is also available via
our authorized distributors and via direct delivery.
VALUES:
You'll get quick, in-depth reports on everything that affects the stock markets.
You'll get info on competitors
You will earn money.
RISKS:
No contact with news server
The news is not accurate
The news is not reliable
The news is not complete
The news is not fast
All these will lead to loss of money.
And the conclusion is....
Individuals and organizations are using both Dow Jones News Service, and
they probably use different methods of analysis.
We believe individuals would chose:
-The Rational Model
because this is educated people, who wants the best information as fast as
possible, and knows all the possibilities and alternative courses of action.
We believe organizations would use:
-Bureaucratic models
This is large firms, stockbrokers and analytical firms, among others. These
firms do not take their decisions lightly, and would have analyzed it thoroughly
before making any decisions.
Our analysis:
Since we are individuals we will use the rational model, and try to use this in
our analysis.
The idea is that people engage in basically consistent, value-maximizing
calculations within constraints.
The person has:
-Goals
-Preferences
and the person ranks the preferences by contribution to the goals. Each
action has a set of consequences.
Goals:
-To make money
-Not to lose money
Alternatives to Dow Jones:
-Do nothing
You might be lucky…
-Use Bloomberg
This is probably smart, but have they as much info as Dow Jones?
-Use other sources of information
Telephone, friends, chat rooms and so on.
Conclusion:
Why wouldn’t people use Dow Jones? It has to be the cost. But we are talking
about stockbrokers and people that rely on as much info as possible to take
their decisions. Therefore we think it’s highly unlikely not to use Dow Jones,
and we would probably used it if we were investors.
REFERENCES:
Dow Jones:
http://www.dowjones.com/
http://proquest.umi.com/pqdweb?TS=953287875&Did=000000006649065&Mt
d=1&Fmt=1&Sid=1&Idx=4&Deli=1&RQT=309&Dtp=1
Full Disclosure: Disseminating the News-Newswires and their Sources
http://proquest.umi.com/pqdweb?TS=953288003&Did=000000032631694&Mt
d=1&Fmt=3&Sid=2&Idx=2&Deli=1&RQT=309&Dtp=1
About DJNS
http://www.dowjones.com/newswires/psframe.htm
About DJ
http://dowjones.wsj.com/d/help-aboutpubs.html#djbn
Search example
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teway/keyword_results&gid=IJR&Search=microsoft&TopBar=http://dowjones.
wsj.com/d/publib-portal-top.htm&LeftBar=http://dowjones.wsj.com/d/publibportalleft.htm&gwtoken=01SUpSMDMvMTcvMjAwMDEwOjE5¬0&NRLBRedirect=nr
stg1s&DOption=DOption1&Date=Date0&AdditionalSources=KEYWORD01&H
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