Monday, October 09, 2006

Blogs for Companies: Disclose Financials?

On Friday, Jonathan Schwartz, chief executive of Sun Microsystems asked SEC to allow companies to disclosure financial information via blogs. Currently, SEC allows companies to post news releases, regulatory filings, web sites and webcasts on blogs.

Over forty Fortune 500 companies publish corporate blogs, cited by the Fortune 500 Blogging Wiki. http://www.socialtext.net/bizblogs/index.cgi

The article, published Friday on the Associated Press Financial Wire, commented that this would allow CEOs to bypass the public relations department, journalists and industry analysts and speak directly to their investors.

http://www.businessweek.com/ap/financialnews/D8KJBIJ00.htm

http://www.technewsworld.com/story/53530.html

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