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.

Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (1353)	4/14/1998 12:50:00 PM
From: Shege Dambanza	Read Replies (2) \| Respond to of 6974

Et tu, TD? Careful reading of my original message will reveal that I did not say that the established companies do not move their earnings dates, but rather that it is RARE for them to do it. And when they do move a previously announced earnings date, it is a newsworthy event in its own right. Perhaps I should be using simpler words and sentence constructs? ;-) Agree that Cisco is amazing. So is IBM. Come to think of it, Microsoft is pretty consistent with their announcement date. A public company I worked for always reported on the Thursday after the 20th of the first month of the next quarter and the internal reporting deadlines were set up to exactly meet this date. My understanding of prerelease announcements is that a company must make an announcement if the results are materially different (good or bad) than expectations they have set in the marketplace, within a certain time period after discovery of same i.e. we told John Q. Public as soon as we found out. I don't know if this is a FASB/SEC requirement, or if companies think this is a plausible defense in shareholder suits. My point in the original message, subsequently lost in petty squabbling, was that I don't understand why there is so much uncertainty in determining the date. Any decent CFO/Corporate Controller should have instituted processes to collect financial data throughout the quarter, with very little to do at the actual end of quarter other than consolidations and currency translations. A la Cisco. And IBM.