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CDSL |
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For example, instead of charging a 6 percent front-end load, a mutual fund could recoup the same amount through a combination of an annual 1 percent 12b-1 fee and a CDSL of 6 percent that declines 1 percentage point per year until reaching zero after the sixth year. 0 million the previous year, with approximately half the growth reflecting new and renewed outsourcing and systems integration contracts, and the balance resulting from strategic acquisitions, notably CDSL which CGI acquired in April 1997 and also the first full year of some earlier acquisitions and a joint venture company. Rockwell -- the world's leading modem chipset supplier, with more than 70 percent of the total modem marketplace and shipments totaling nearly 200 million units to date -- will market CDSL modems through normal retail channels. |
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