 |
Home - Yahoo! - Help |
 |
[ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ]
Tuesday April 13, 8:16 am Eastern Time
SEATTLE--(BUSINESS WIRE)--April 13, 1999-- MathSoft, Inc. (Nasdaq:MATH - news), provider of the broadest line of technical calculation and analytical software for business and academia, today announced a partnership with Logical Information Machines, Inc. (LIM) a leading financial software developer and data provider.
The collaboration will link MathSoft's S-PLUS® software, the industry's leading tool for data analysis, visualization, and statistical modeling, with LIM's sophisticated historical equity, bond, and commodity time series database. S-PLUS users will have easy access to LIM's rich collection of historical prices and event data and LIM's users can access robust S-PLUS analyses to reveal relationships between movements in market data and key events. For example, users can look at the distribution of Hershey's stock price conditioned on cocoa and sugar prices to gain greater insight on their interaction. By better understanding these relationships, users can create more accurate predictive models for critical investment decisions.
``S-PLUS is the leading tool for high-end financial data analysis and modeling,'' says Russ Warner, CEO of LIM. ``By linking S-PLUS analytics with our financial database, customers can analyze events and market force action more effectively and make better investment decisions.''
``This partnership reflects our ongoing commitment to providing cutting-edge solutions for the financial industry,'' says Rick Bohdanowicz, vice president and general manager of MathSoft. ``LIM is a popular source of historical financial data and so a direct link to S-PLUS is ideal for our joint customers.''
To promote the launch of the companies' partnership, MathSoft and LIM developed a free Web-site that allows visitors to calculate the beta coefficient, an indicator of a stock's volatility relative to the overall stock market, for any stock. The Web-site can be accessed from: http://www.mathsoft.com/splus/finance/
Using MathSoft's StatServer, LIM's financial time series database, and user input, the online site computes the beta coefficient using robust regression analysis and displays the results graphically. Robust regression analysis is a modern statistical technique useful for fitting linear relationships when the data contain significant ``outlying'' values, a common problem in financial data. Unlike traditional regression techniques, robust regression is not overly influenced by outlying values and can provide more accurate beta calculations.
At the Robust Beta Web-site, visitors can enter a stock symbol, choose the data frequency (daily, monthly, yearly), the market index, and the starting and ending date. These data points are analyzed and a graph of the stock's returns compared to the overall market is produced automatically. The combination of MathSoft's powerful analytical techniques and LIM's rich time series high performance database gives the user a unique tool to calculate stock volatility immediately.
ABOUT LOGICAL INFORMATION MACHINES, INC.
Logical Information Machines, Inc. (LIM) is the leader in providing software and historical data to perform sophisticated historical equity, bond and commodity research. LIM has historical data to serve the equities, futures, and energy markets including economic statistics, weather and other interesting data that can have an impact on the markets. LIM has offices in Austin, Chicago, New York, and London. Contact LIM via the web at www.lim.com or by phone at 312/987-0055.
ABOUT MATHSOFT
Founded in 1984, MathSoft is the provider of the broadest line of technical calculation and analytical software for business and academia. With MathSoft's products, users can deploy technical calculations and exploratory data analyses across their entire organizations. The company has more than one million users of its Mathcad®, StudyWorks®, S-PLUS®, StatServer® and Axum® software worldwide. Users include technical professionals worldwide at more than 90% of the Fortune 1,000 companies and over 500 government installations, and students and faculty at over 2,000 colleges and universities.
S-PLUS product information can be obtained via MathSoft's Web site located at http://www.mathsoft.com, by phone at 800/569-0123, by fax at 206/283-8691 or via mail at 1700 Westlake Avenue North, Suite 500, Seattle, WA 98109. MathSoft's corporate headquarters can be reached by phone at 800/628-4223, by fax at 617/577-8829 or via mail at 101 Main Street, Cambridge, MA 02142.
Axum, Mathcad, StudyWorks, S-PLUS and StatServer are registered trademarks and the MathSoft logo is a trademark of MathSoft, Inc. Other product and service names mentioned are the property of their respective owners.
Contact:
Imagio Public Relations
Rebecca Shaw, 206/625-0252
rebecca@imagio.com
OR
MathSoft, Inc.
Cheryl Mauer, 206/283-8802 x264
cmauer@mathsoft.com
OR
Logical Information Machines, Inc.
Russ Warner, 312/987-0055 x11
warner@lim.com
| More Quotes and News: | Mathsoft Inc (Nasdaq:MATH - news) |
| Related News Categories: computers, internet, software | |
Copyright © 1999 Business Wire. All rights reserved. All the news
releases provided by Business Wire are
copyrighted. Any forms of copying other than an individual user's personal reference
without express written permission is prohibited. Further distribution of these materials
is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving
ina public database, redistributing via a computer network or in a printed form.
See our Important Disclaimers
and Legal Information.
Questions or Comments?