By Julian Goldsmith, 23 November 1998 12:14
NEWS Dialog, the parent of electronic financial information services, Knight Ridder and Maid, has suffered a drop in investor confidence after admitting that its third quarter earnings failed to meet expectations. Dialog's share price dropped by 46 per cent from £1.655 to 89p as a result. Dan Wagner, chief executive, has been criticised by investors for being over optimistic about the company's performance after the acquisition of Knight Ridder. Wagner has also commented on the company's current position, saying the reduction in market capitalisation has made Dialog itself ripe for take-over.
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