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Pastimes : SI Message Filtering - Pros and Cons -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (44)	2/11/1998 11:19:00 AM
From: David Lawrence	Read Replies (2) \| Respond to of 263

What happens when a rumor is started that the company can't comment on? Say someone hears of a potential takeover, or just wants to speculate on one, and wants to post a message. Should the company prevent the message from being made public? No, because obviously someone knows about it if it's true, and by quashing the rumor they are in effect contributing to insider trading. Do they only stop false rumors? By not stopping a rumor, do we infer that it's true? Sometimes silence can be deafening. I'm still of the opinion that it would be too complicated and risky. I have no problem whatsoever with companies using an SI forum to disseminate information in addition to other conventional means. However, moderating a thread places too much burden on the company to respond to rumors and marketplace hype. Regards, David