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Corporate Blogs as Public Disclosure

EnglishTeach posted on 08/19/08 at 04:14 AM

Something I found this morning:

Corporate Blogs As Public Disclosure Posted: August 12, 2008
For several years, Sun CEO, Jonathan Schwartz has lobbied the SEC to allow disclosure of financial information through corporate blogs. In a landmark announcement, it seems that Mr. Schwartz may indeed get his wish, and with it, a historical decision that could break the age-old shackles that bound businesses to traditional media and distribution channels in order to satisfy full disclosure. The SEC has announced that it will recognize corporate Web sites and blogs as channels for satisfying the full disclosure required by Regulation FD (Fair Disclosure)

So, investors will be now finding blogs?  Anyone have any thoughts?

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Posted by EnglishTeach on 08/19/08 at 04:14 AM

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DannyUpshaw

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DannyUpshaw
Posted August 19, 2008 (06:35AM)
This will probably result in corporate web sites crashing.  Imagine thousands of investors hitting a corporate web site simultaneously.  Some people might not be able to access the reports as soon as they're availble...could cause problems.  Of course, I imagine the traditional press conference would continue for most companies, so this probably isn't that big of a deal.  It is cool news, however.  I might use this info in my information systems MBA class.
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