Hype and Speculation re: News Conference
>>Subj: IO press conference
Date: 96-06-18 01:12:22 EDT
From: RICORNFELD
I am trying to resist being too excited about tomorrow's press conference,
and I do not want to add to the speculation about what might be announced,
because I have no idea (and I don't want to be disappointed if what I were to
predict did not come to pass).
However, it is hard not to believe that something of more than usual
significance will be announced, for the following reasons:
1. Apparently, holding a press conference is unusual at a trade show like
this, at least for IO. I do not know this from personal knowledge, but if IO
had ever held a press conference at a trade show before, I am sure someone
would have mentioned it this evening.
2. Whatever IO is going to reveal will be more important than the type of
announcement that is made with a press release. Otherwise, why not just
issue a press release?
3. It is conceivable that this will simply be a sales promo type of
conference with nothing special being announced. However, if IO were the
type of company to hold such a conference, they probably would have done so
at previous trade shows. (See point 1.) Also, the press release says that
they will post the information from the conference on their Web page *after*
the conclusion of the conference, not the type of thing they would do if this
were a simple sales promo.
4. Finally, there is the fact that the conference is to be scheduled after
the close of trading. That may be a coincidence, but it may be designed to
avoid giving a trading advantage to those who are present at the conference,
to the disadvantage of all other investors. (In fact, I would think that an
earlier press conference would help IO make early editions of morning
newspapers; thus,IO may have been willing to suffer a disadvantage to have
the conference at 4:30.)<<
Ken |
