News industry points out flaws with the action while NIRI to rewrite guidance on best practice disclosure
Sun Microsystems’ decision in July to publish disclosure data on its website a few minutes before using traditional distribution techniques touched a nerve with the newswire industry. Sun CEO Jonathan Schwartz said the action was a ‘sea change’ and wondered aloud whether it was the end of the earnings press release, though some say the move appears less dramatic.
Schwartz, a leader among CEOs in trying out direct communications with investors on the internet, said on his
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