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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: steve kammerer who wrote (55727)	4/6/1999 10:08:00 AM
From: rupert1	Respond to of 97611

steve: As a rule of thumb, I define the "quiet period" as the 30 days preceeding the announcement of earnings. There is probably a more precise, technical definition. During that period, a Company is restricted by SEC regulations from discussing the content of its forthcoming earnings report. However, it is at liberty to advise the public of any major material events which might alter the earnings prospects of the company. The warning can be about events or circumstances that would have a significant negative or positive effect. Negative warnings are more commonly used than positive. The fact that no warning is given does not mean that earnings will not fall short or exceed the average of earnings estimates, but it usually means that earnings will meet expectations or be very close either side. Sometimes, however, a company will not warn even though it expects a strong positive surprise because it wants to maximise the effect of good news. For the opposite reason, a company would be ill-advised not to warn if it has a strong negative surprise (and this rarely happens).