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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (84416)	10/18/2000 3:32:55 PM
From: BGR	Respond to of 132070

You are so generous!

To: Mike M2 who wrote (84416)	10/18/2000 5:11:12 PM
From: Don Lloyd	Respond to of 132070

Mike and All - SEC Regulation FD relating to selective disclosure becomes effective on Monday, October 23rd. This will have real impact. For example, LLTC has stated that their quarterly earnings press release and their open telephone conference call will be the SOLE forums for information and questions dealing with estimates (and models) for future financial performance. In general, both the quantity and quality of public information will be even lower than in the past, and the spread of valuations will be wider, leading to higher volatility and risk, and lower liquidity. interactive.wsj.com (may need subscription) "..."When an issuer official engages in a private discussion with an analyst who is seeking guidance about earnings estimates, he or she takes on a high degree of risk under FD," the rule says. In the past, Mr. Gould says, analysts would call him in the weeks before an earnings release to ask how the quarter was going and say, "My range of estimates is within x to x. Are you still comfortable with that?" he says. "[Companies are] completely eliminating any 'I'm O.K. with consensus,' statements with respect to earnings," says Jackie Reeves, director of research for Putnam Lovell...." Regards, Don