Bob Greifeld, chief executive of Nasdaq
First, the results. For the second quarter of 2007, Nasdaq reported record operating income of $99 million, and handsome operating margins of 49.8%. Net income for the quarter was $56.1 million. Net revenues were up 16% from the year-ago period, to $198.7 million.
Now to the battle. Nasdaq's share of Nasdaq-listed stocks appears to have stabilized. On the battle with NYSE Euronext
Weary of battle? Then think of courtship. The planned OMX merger makes fine progress, with both companies working on integration plans. Romancing the LSE remains rocky -- Nasdaq recently blocked a proposed share issue allowing LSE to fund its proposed acquisition of Borsa Italiana. No need for melancholy though -- investors can take heart from Nasdaq's refusal to overpay for the LSE, as well as the $332 million unrealized gain attached to Nasdaq's stake.
Nasdaq may be better at battle than courtship, but with its current execution and acquisition discipline, Robert Greifeld should be investors' favorite knight.
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Fool contributor John Finneran advises, trains, and writes on increasing the financial value of technology, especially, business cases. He does not own any of the shares mentioned.