Tuesday, October 10, 2006

Reg FD proposal

The New York Times has noted Sun's position that the SEC should allow disclosure via Internet, as I previously noted just below.

H/T Professor Bainbridge.

Tuesday, October 03, 2006

Permitting Corporate Disclosures via this Newfangled Internet thingee

Sun Microsystems thinks that SEC governed material disclosures should be allowed in forums other than conference calls and formal press releases, like on the CEO's blog. And Sun CEO Jonathan Schwartz and General Counsel Mike Dillon decided to do something about it.

It still seems to me that an announcement must be made in a more traditional forum, perhaps the way you announce the upcoming conference call. After all, we certainly don't want public companies making their important disclosures on some publicly available blog that is really only read by insiders.

But it's a problem easily solved. In the meantime, the slow cogs of government must grind their way to the answer.