Entries by PondelWilkinson

Conference Buzz: Bored of Directors

Rising shareholder activism clearly topped the hot topic list when the National Investor Relations Institute’s senior-most members got together recently at their annual roundtable bash at the posh Montage resort in Laguna Beach.   Two take aways…   First, consider having a large institutional shareholder sit on the board. Other professional shareholders will like that […]

OTCBB – Stock Symbol Requests Not an Option

Issuers with stock trading on the OTC Bulletin Board (OTCBB) need to be aware that a corporate transaction, which results in the issuance of a new cusip number, triggers an automatic change in the ticker symbol. According to the folks at the OTCBB, the issuer is “not allowed” to reserve or request a specific ticker […]

Do Retail Investors Matter?

A recent survey by Thomson Financial noted that only 18% of 102 investor relations officers (IROs) surveyed actively court individual investors and that less than 25% had plans to begin doing so in the near future. In a report on the survey, IR Magazine, noted that while some IROs believe individual investors can add to the […]

Goldman Outshines Forecasts

Goldman Sachs Group Inc. on Tuesday reported a 2.2 percent increase in fiscal fourth-quarter net income, bolstered by investment gains that apparently offset prickly market conditions. The Wall Street behemoth posted net income of $7.01 a share, clearly out swimming the $6.61 a share estimate that Thomson averaged from analysts’ forecasts.   But don’t think […]

Wall Street’s Dress Code

From Brooks Brother’s and Armani pin stripes to those who found True Religion, it’s hard to tell  whether Wall Street’s dress code is changing again. Along the trail of PW’s last 2007 roadshow—this one exclusively with institutional investors—business casual still rules.    While observing 23 portfolio managers and buy-side analysts from firms as large as […]

*Holiday Market Trading Hours

The New York Stock Exchange will close at 1 p.m. Eastern Standard Time on Monday, December 24, 2007 in observance of the Christmas Holiday, however, the Exchange will be open for normal trading on Monday, December 31, 2007.   The American Stock Exchange and Nasdaq will follow the same holiday trading schedule.   — Laurie […]

To Audit IC or Not to Audit IC

That is the question.   Small public companies with less than $75 million of public equity may get another one-year reprieve from having to comply with one of the provisions of the 2002 Sarbanes-Oxley Act.  The Wall Street Journal (December 13, 2007, page C4) reports that SEC Chairman Christopher Cox is considering submitting a formal […]

It’s a Go for Murdoch

It’s official.  Shareholders of Dow Jones & Co. approved the sale of the publishing company to News Corp., a deal that was bemoaned by media but lauded by shareholders. The question is whether News Corp. is able to run the Journal without compromising the quality of its content.  Of course, News Corp. Chairman and CEO […]

XBRL – SEC Asks for Public Comment

The SEC’s office of Interactive Disclosure began asking for public comment on the use of eXtensible Business Reporting Language, commonly known as XBRL, in public company financial statements.  Several large, well-known companies have voluntarily adopted XBRL in their EDGAR filings with the SEC and the agency has committed more than $50 million to make its […]

(Nasdaq: QNET)

On November 27, 2007,  the Nasdaq Stock Market Inc. launched a new stock market index (Nasdaq: QNET) that tracks Internet-only companies in a broad range of industries, including retail commerce, Web hosting, search engines, Web site design, and access providers, among others.  Companies included in the index are, according to Nasdaq, “at the forefront of Internet technology.”   […]