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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST
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To: ratlong who wrote (2637)10/13/1998 9:47:00 PM
From: Tom_  Read Replies (2) of 4509
 
Is this relevant to the "backing out" from the Alex Brown conf...

By coincidence, Bloomberg's monthly magazine was just now delivered to me and it contains an interview with PSFT CFO Ron Codd.

Excerpts:

"Rather than whisper guidance to an analyst or two or having sign-language conversations with investors about where we're going, we just come out and put it [a forecast of our business] in print. I think that's the most effective way to ensure full, fair and broadly effective disclosure of the the information investors are looking for.
...
...because I've chosen to use a press release for our projections, I could not possibly be skewered for selective disclosure, whereas a company that provides guidance on a conference call is going to have a more and more difficult time supporting the notion that (it) did not selectively disclose."

Well, good on you, Ron Cobb. Three cheers for an ethical PSFT.

Full, fair and broad disclosure. A fair playing field. Yes!

Too late for the the selective notification PSFT gave about the recent conference call, but let's hope that's all in the past.

So. Could this be one reason for the backing out?

Tom
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