Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: StockHawk who wrote (30219)	8/21/2000 12:59:43 PM
From: StockHawk	Respond to of 54805

An interesting disclaimer: We've all heard about accusations that make front page headlines and retractions that hide in a paragraph on page 30. Well, here is something similar. A CEO gives an interview that is watched or read by many, then the company files an SEC document to take some of it back that is read by very few. Something to keep in mind the next time you watch an interview on CNBC. From a filing by Lexar Media: "Statements made by our chief executive officer in interviews could lead to liability to public investors in our company. On the morning of our initial public offering, our chief executive officer granted multiple interviews to television commentators and Internet publications. In these interviews, various questions elicited responses that included information quoted below that is not reflected in this prospectus..." several quotes are then presented and qualified, then they write: " Investors should not rely on casual comments like the ones above when making an investment decision. Rather, investors should consider all of the information in the entire prospectus and rely only upon that information. The broadcasting or dissemination of these interviews to persons who did not have a copy of the prospectus might be deemed itself to be a prospectus that did not meet the requirements of the Securities Act and thus a violation of the Securities Act. If we are found to have violated the Securities Act, then for a period of one year from the date of the violation, persons who saw or heard any of these interviews and did not have a copy of the prospectus might bring a claim against us. " freeedgar.com StockHawk