Internet Data Mining for Investment Analysis

CaroKann writes "Reuters is reporting on a Wall Street investment research company, Majestic Research, that is using web crawling techniques to track business performance. Instead of attempting to estimate business conditions by talking to company management, or pounding the pavement visiting stores, this company uses data mining systems to collect real-time sales data and other information on companies that have a web presence. Using this data, Majestic attempts to estimate company earnings more accurately than traditional research outfits."