Bloomberg grabs NetApp’s earnings early, second case in a week
NETAPP Inc. (NASDAQ:NTAP) has become the second company in less than a week to have earnings information leaked from an unsecured area of its corporate website.
The downside of suing stock analysts
BANKATLANTIC Bancorp, Inc. (NYSE:BBX) is embarking on a risky strategy by suing a veteran bank analyst for defamation and negligence after he included the company in a research report that ranked 107 U.S. financial institutions on the chances of them going bust. Yesterday, the bank holding company filed a lawsuit in the state court for [...]
Is there a disclosure issue here?
TAKE a look at these news releases put out this week by two New York Stock Exchange-listed companies about awards they’ve received for their investor relations websites and their disclosure practices. The first is from Gol Linhas Aereas Inteligents SA, the airline firm listed on the NYSE under the symbol GOL. SAO PAULO, Brazil, April [...]
Yahoo! Finance has lost its way
Yahoo! Finance, once the clear leader in finance portals, has been neglected to the point where it is in danger of becoming irrelevant.
NYSE's antiquated Timely Alert Policy
THE NEW YORK STOCK EXCHANGE wrote to its listed companies last week to remind them of their disclosure obligations, including its policy around issuing news releases about material information. The exchange said that it “feels strongly that its longstanding policy of requiring a press release for the dissemination of material corporate information is in the [...]
Sun Microsystems, Inc. confuses me — and Bloomberg
AFTER making a big deal last quarter about no longer relying on paid PR wires to distribute its earnings releases, Sun Microsystems, Inc. (NASDAQ: JAVA) has gone back to the traditional approach this quarter.I cannot find an explanation for why the company has decided to once again issue its earnings release first via a PR [...]
Lights! Camera! Missed opportunity?
Guest Post by Luanne M. Wing INTERNET video is a phenomenon that is making overnight stars of start-up entrepreneurs. Innovative videos provide information, as well as compelling and creative visuals of products and services that may never have seen the light of day. Video morphs yesterday’s media of passive text and still photographs into captivating [...]
A common gaffe sends mixed signals at BP
IF you read the major news services yesterday, you might have seen the big news from BP plc (NYSE:BP), the troubled oil giant that has suffered a slew of negative news over the past year or so. I was trawling Bloomberg and spotted an article headlined BP’s Hayward Will Cut Jobs After `Dreadful’ Quarter. The [...]
Are IROs really this dumb?
“We are developing a new website and have decided not to use RSS,” she stated, arguing that a news feed could discourage investors from getting in direct contact, costing IROs the chance of building up two-way communication. The above is taken from an item headlined UK IROs Cool on RSS that was posted on IR [...]
Twitter: the newswire killer
A FEW months ago, there was a lot of hubbub in the technology blogging community about a new service called Twitter. The service asked people to write short messages about what they were doing, and then it delivered the one-liners to their friends in near real time via instant messaging, SMS and the Web. Initially, [...]
The truth about Sun's Web-first earnings release — Update 3
Note: I’ve added more specifics around the sequence of events around Sun’s release, including adding a screenshot taken from Yahoo! Finance which shows times various news items became available there. I’ve also added a link to a PRWeek article that provides a more balanced report than IR Magazine. I’ve also added an update about Business [...]
Pfizer starts summits with (some) shareholders
THE board of pharmaceutical giant Pfizer Inc. (NYSE: PFE) will hold face-to-face meetings with an invited list of shareholders to hear their views on corporate governance issues, including executive pay. The first summit will happen later this year. The company said it plans to invite shareholder representatives who together own about 35% of Pfizer’s shares. [...]
SEC mandates online proxy materials
THE U.S. Securities and Exchange Commission (SEC) today voted to make all companies post their annual meeting materials on their websites. Full details of the rules won’t be known until the SEC posts the final rule on its website, but as it was explained today large companies will have to post their proxy materials on [...]
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