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It looks like this 'Terrible Error' is going to cost Thompson Reuters...

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Thompson Reuters who have Reuters IM which is very popular in various financial institutions, had licensed some code from FaceTime to put in their product.  The code was basically up for renewal and Thompson Reuters were either late or forgot to pay.  It looks like FaceTime has the upper hand in negotiations now...
Thomson Reuters Loses Messaging Lawsuit on `Terrible Error'

Update: Looks like Thompson Reuters have worked with a different vendor to get replacement code.
Did Traders Almost Have to Stop Sending Instant Messages?

Comments

Gravatar Image1 - Hi Carl,

My name is Frank Cabri and I work for FaceTime Communications. I came across your post and wanted to let you know that our CEO gave his perspective on the situation in a post: { Link }

Gravatar Image2 - @1 Thanks for the follow-up Frank, I get your newsletter. I had actually found the blog and read your CEO's response after posting the blog entry. Thanks for posting though!

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