Why can’t CEO’s use Web sites/blogs to disclose things?

October 2, 2006 By

The rules for corporate disclosures are pretty damn weird. Especially given that things on Digg/Slashdot/Tech Crunch/GigaOM/ZDNet/TechMeme/Tail Rank go around the world faster than anything else I’ve seen.

Jonathan Schwartz, CEO of Sun Microsystems, is working to change that. I hope he does. Seems to me that putting things up on a blog gets disclosure out there to more people than a phone call (quick, what’s the number for one of those disclosure phone calls — if you don’t know and you’re an investor in Sun, aren’t you being discriminated against?)

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  • http://www.sun.com/aboutsun/investor/faq/index.html#15 Jon

    Sun’s Q1 FY07 Earnings Release will be on Thursday, October 26th, 2006. The conference call will be at 1:30PM PT. A link to the audiocast of the conference call will be provided on the Investor Relations homepage.

  • http://www.sun.com/aboutsun/investor/faq/index.html#15 Jon

    Sun’s Q1 FY07 Earnings Release will be on Thursday, October 26th, 2006. The conference call will be at 1:30PM PT. A link to the audiocast of the conference call will be provided on the Investor Relations homepage.

  • Bon

    So what happens when such a blog gets ummm, altered, by someone else posing as the CEO? Script kiddy for hire includes some carefully crafted statements that panic investors and the stock tanks. Within hours everyone is aware of the “hacked web site” and the stock price has returned to normal… but not before shares are sold in volume and quickly bought up by some who had buy-orders in for weeks.

  • Bon

    So what happens when such a blog gets ummm, altered, by someone else posing as the CEO? Script kiddy for hire includes some carefully crafted statements that panic investors and the stock tanks. Within hours everyone is aware of the “hacked web site” and the stock price has returned to normal… but not before shares are sold in volume and quickly bought up by some who had buy-orders in for weeks.

  • http://poliblog.verizon.com/ CZ

    Robert,
    While not Ivan’s specifically, Verizon today launched its first blog — a place to discuss technology and telecom policy. As content builds, check in on us from time to time:

    http://poliblog.verizon.com

    Bon make a good point, BTW.

  • http://poliblog.verizon.com CZ

    Robert,
    While not Ivan’s specifically, Verizon today launched its first blog — a place to discuss technology and telecom policy. As content builds, check in on us from time to time:

    http://poliblog.verizon.com

    Bon make a good point, BTW.

  • TAG

    Becausa he need it to be at least chekad for sppelling mistakas befora posting in pablic. This make it effectively a Press Release.

  • TAG

    Becausa he need it to be at least chekad for sppelling mistakas befora posting in pablic. This make it effectively a Press Release.

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  • http://podtech.wordpress.com/ John Furrier

    Here is the first ever earnings call as a podcast..not just a recycled earnings call.

    http://www.podtech.net/home/technology/946/ceo-bill-watkins-on-seagates-financial-performance-and-operational-execution

  • http://podtech.wordpress.com/ John Furrier

    Here is the first ever earnings call as a podcast..not just a recycled earnings call.

    http://www.podtech.net/home/technology/946/ceo-bill-watkins-on-seagates-financial-performance-and-operational-execution

  • tc

    I would say blaim the lawyers and FTC who put all these rules in place regarding corporate communications.

  • tc

    I would say blaim the lawyers and FTC who put all these rules in place regarding corporate communications.