Business Intelligence Watch TMC

INTEL DRAWS PRAISE FOR FINANCIAL REPORTING FREQUENCY

July 25, 2005

For those of you who don't follow business news during the weekend, an AP story Saturday mentioned that "many stock watchers" believe companies should increase the frequency with which they communicate with investors.

"Some experts" were cited as saying firms should report results monthly or daily since additional information would cause stocks to be less volatile "and managers would have a harder time gaming their results."

So, what company received praise for the frequency of its reporting?

Intel Corp. was mentioned as offering a middle-of-the-quarter conference call. They feature such information as gross margins, detailed revenue forecasts as well as expenses such as R&D, taxes and depreciation.

Steven Wallman, who from 1994 to 1997 was a SEC commissioner, revealed that firms could "easily post real-tine information" on the Web.

"The markets are real time," the AP quoted Wallman as saying. "If you're getting something every day, what it is at the quarter becomes a much less relevant notion … It's one way to eliminate the shortsightedness that seems to be creeping into the market."

Wallman is CEO of FOLIOfn Inc., a proxy advisory, financial technology and brokerage company.

 

By Glenn J. Kalinoski, Executive Editor, Customer Interaction Solutions



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