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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jbn3 who wrote (42208)	5/15/1998 12:51:00 AM
From: Dr. D	Read Replies (1) \| Respond to of 176387

* Is there anyone who can provide a link or definitively explain the term "quiet period"? What it is, when it is, and what l egal, traditional, or punitive force it carries? Sure 3 try this one... investorwords.com quiet period Period starting immediately after the effective date of a securities registration, during which an issuer cannot comment publicly on the offering due to SEC rules. see also cooling-off period. Best regards.. Donald

To: jbn3 who wrote (42208)	5/15/1998 1:11:00 AM
From: Sr K	Respond to of 176387

jbn3, <<* Is there anyone who can provide a link or definitively explain the term "quiet period"? What it is, when it is, and what legal, traditional, or punitive force it carries?>> The quiet period you refer to is company-specific and starts when they know too much to respond to normal questions like how's the quarter going and questions about percent of sales for various expenses, headcount, etc. For some companies it starts 10 - 20 days before the end of a quarter. The legal and traditional implication is that no one is concerned about releasing good news but for consistency, when bad news is known (a quarter coming in below target or expectations, or backlog drying up) companies and their attorneys want the news to be released generally. So they establish a consistent pattern of a quiet period, whether the financials are good or bad. With the popularity of this kind of quiet period, the SEC now "encourages"/requires preannouncements of material departures from expectations (but this could be market expectations or company expectations). Dell skirts this framework by MD appearing on CNBC and other public forums. When they have a good story to tell, and pr helps business, why shut up for 5-6 weeks every quarter.