The CEO of Sun Microsystems Inc. thinks it is high time the SEC allows company blog posts to supplant traditional press releases to inform investors. SEC Chairman Christopher Cox recently responded positively to the concept in his own blog-posted response to Sun CEO Jonathan Schwartz, providing an opening for re-examination of SEC Regulation FD, which outlines the accepted means by which companies share material information with the marketplace. It's enough to give plaintiffs lawyers heart palpitations.
November 27, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The chief executive of high-tech Sun Microsystems Inc. thinks it is high time Web logs — called “blogs” — get their due from the Securities and Exchange Commission by allowing company blog posts to supplant traditional press releases to inform investors.
SEC Chairman Christopher Cox responded positively earlier this month to the concept in his own blog-posted response to Sun CEO Jonathan Schwartz.
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