SEC's fair disclosure regulation puts pressure on tech companies

The US Securities and Exchange Commission''s fair disclosure regulation may well mean the end of investor conferences.

I hear from an excellent source that CSFBs huge technology conference in Phoenix this year was not the brokerage dream that it was in 1999. There is a simple reason for this it is the US Securities and Exchange Commission's SECs new regulation FD fair disclosure.

It appears that the various tech companies presenting to investors were hamstrung by the new regulation.

At last years conference, the various internet and tech companies were able to give fund managers some fairly strong ideas of where their various companies were going. Scenes of investors rushing out of the auditorium to place a buy order, were common. Of course, the CSFB brokers were...

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