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To: SJS who wrote (1304)9/28/2000 11:09:57 PM
From: tejek  Read Replies (1) | Respond to of 1820
 
In fact, as far as I know, pre-announcement aren't mandatory (ie law), either way (upside or down). Big misses are more appropriate for using them, where values are very skewed from concensus.

The SEC requires that a company announce with 24(?) hrs any news of a material nature that will move a stock.

An EPS shortfall, I believe, falls into that category.

ted