QuoTrek, eSignal’s new wireless handheld quotation and news service, is presented in the product update section of this issue. While investors have grown accustomed to immediate access to stock market information, things were different when I first started working for AAII back in 1986. I still remember listening to the local radio news station for market updates during the market crash of 1987. Others in the office were huddled around a small black-and-white TV to watch the local stock market report broadcast over UHF. You could dial-up to CompuServe or Dow Jones New/Retrieval and get a snapshot of your portfolio holdings, but most individual investors who wanted continuous access to market data relied on wireless services of a completely different nature.
For example, PC Quote offered a satellite service that ran at least $295 per month plus exchange fees, while Telemet America and Lotus Information Network offered FM-based services that cost at least $400 for equipment with subscriptions starting at $30 per month for delayed quotes.
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