jhg et al - RE: CTXS's decision not to comment on the stock price slide.
In my vocation, I've had occasional conversations with media persons. From these contacts, I have concluded that, sometimes, saying nothing is best regardless of whether the news is "good" or "bad" or "nothing". Media persons aren't stupid. If they know you only comment with "no news" or "good news", then if you refuse to comment, they'll correctly report that it must be "bad" news. If you only comment on "good" news, they'll correctly report that it "isn't good news".
Applying my knowledge to the current CTXS rumors, I have concluded:
If these rumors move the stock and the company says "nothing's happening" this time, what's the company do when rumors move the stock but something "else" is happening - say "nothing's happening"? I don't think so. Saying "No comment" avoids lots of things, especially shareholder suits claiming "reasonable reliance" on comments of management, either from sellers who are upset because the company "hid" good news or from buyers who are upset because the company "hid" bad news. It also keeps the rumors as just rumors instead of letting media persons "force" a company to speak when it isn't ready to. And, besides, did anybody consider that, maybe, Mr. Cunningham skipped the conference because he had bona fide "personal" reasons, i.e., none of our business because they aren't "business" reasons, for skipping? Acute illness of a child, accident involving a close relative, or a multitude of other events would do it for me, and it would be nobody else's business.
Just my thoughts over here (and I have some burn marks to show I learned this the hard way).
Regards,
Harry J.
PS - Thanks for letting me flame out over here. |
