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To: Jeffry K. Smith who wrote (10276)4/1/2000 10:51:00 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 35685
 
on company quiet periods: sorry about being unclear

each publically traded company has quarters delineated
SEC requires a QUIET PERIOD beginning monday morning of the quarter's final week (March 27th last week) and ending approx 3-5 days following the formal earnings report issued to the public... no employee or company official can buy or sell the company's stock during this quiet period

I remember this vividly since I knew some meaty valuable info from time to time at my last company (we reported many financials within the company)... I wanted to act on it... I wanted to be all over certain option calls or puts like ugly on a moose

coinciding with this Quiet Period is a News Blackout Period that begins the same time and ends at the time of the formal Earnings Announcement

but this Blackout Period pertains to FINANCIAL news specific in nature only, having direct bearing on the completed quarter (like sales & growth, earnings & growth, profit margins, pricing)

during this Blackout Period, however, other info may be shared and released of a more broad strategic nature, having direct bearing on future quarters (new customer contracts, vendor partnerships, additional suppliers, new product releases)... such news is released by company officials at their discretion very carefully... if an Earnings Warning is issued, then it happens here

the breakdown is subtle but clear
no leaking of past specific financial info
yes sharing of future strategic info
but most companies simply shut the door on info altogether
they are busy busy busy as hell preparing financials, SEC required documents, and a choreographed sequence of news releases

I anxiously await the sequence of news releases
for QCOM, CREE, ELON, the news will be positive

/ Jim