Entries by PondelWilkinson

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.”   […]

E-Proxy Solicitations – Navigating the Rules

What’s all the fuss about? After all, the SEC is only trying to provide shareholders with more options to access proxy materials, leverage technology and reduce costs for corporate issuers. While the SEC’s motivation to revise and modernize proxy solicitation procedures is commendable, navigating through the rules and how they apply to corporate issuers takes […]