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Politics : Formerly About Applied Materials
AMAT 226.05+1.3%Nov 14 9:30 AM EST

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To: Proud_Infidel who wrote (22457)8/3/1998 7:40:00 PM
From: Gottfried  Read Replies (1) of 70976
 
BK, [edited 3 times] here's some info from a source that should know...

Corporate officials who knowingly lie about the corporation are committing fraud.
[snip]
Lies can be released to the financial markets in many ways: news releases, quarterly and annual reports, SEC filings, market analyst conference calls, proxy statements,
and prospectuses.


securitiesattorney.com

It seems that "knowingly lie" is the operative phrase.

GM
Their current victims biz.yahoo.com
and some background involving a White House bedroom
westergaard.com:8080/Opinion/lerach9709.html
excerpt
Cases filed based on corporate forecasts that have not panned out have dropped to 15% which may have to do with the safe harbor provision of the 1995 act.
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