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Technology Stocks : IDT *(idtc) following this new issue?*

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To: blankmind who wrote (16396)11/6/1999 9:57:00 AM
From: BinkY2K  Read Replies (1) of 30916
 
IR/PR is window dressing.

Blankmind makes some good points. In my conversations with IR, when I still felt talking to them had much point, I gathered they were frustrated at not being allowed to do much. I also got hints that they did other jobs that may not be completely along the lines of press releases.

For example, Brainson seems to focus on unrelated tasks but is mentioned as being an IR contact. I believe he is also a VP of Finance or something.

Others seem to spend time assembling the annual report and other such paperwork. True, this is something for investors and communicates to us. But, it is once a year and not particularly timely. Further, we (investors) often call and speak to them, sometimes for an hour at a time. We send email. We expect responses and personal attention.

All these are important tasks. But, anyone that thinks there are 3 people spending 120 hours a week thinking of press releases, monitoring bulletin boards, maintaining web pages for investors, checking that news sources say the right things about us and show the right earnings and numbers of outstanding stock shares, is too optimistic ;-)

Bink
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