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	<title>OneSource Insight &#187; Transcripts</title>
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		<title>Fair Disclosure Earnings Call Transcripts</title>
		<link>http://insight.onesource.com/fair-disclosure-earnings-call-transcripts/25</link>
		<comments>http://insight.onesource.com/fair-disclosure-earnings-call-transcripts/25#comments</comments>
		<pubDate>Sun, 11 Jan 2009 15:20:42 +0000</pubDate>
		<dc:creator>michael_levy</dc:creator>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[Conference Calls]]></category>
		<category><![CDATA[Fair Disclosure]]></category>
		<category><![CDATA[Reg FD]]></category>
		<category><![CDATA[Transcripts]]></category>

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		<description><![CDATA[Under the &#8220;Fair Disclosure&#8221; rules issued by the SEC (Securities and Exchange Commission), US public companies hold a public earnings conference call following the release of quarterly earnings.  These calls are also held in conjunction with major announcements such as earnings shortfalls or M&#38;A activity.  Typically, the CEO and CFO discuss the previous quarter&#8217;s performance followed by a Q&#38;A session [...]]]></description>
			<content:encoded><![CDATA[<p>Under the &#8220;Fair Disclosure&#8221; <a title="SEC Final Rulings for Regulation FD" href="http://www.sec.gov/rules/final/33-7881.htm" target="_blank">rules</a> issued by the SEC (Securities and Exchange Commission), US public companies hold a public earnings <a title="Wikipedia &quot;Conference Calls&quot;" href="http://en.wikipedia.org/wiki/Earnings_call" target="_blank">conference call</a> following the release of quarterly earnings.  These calls are also held in conjunction with major announcements such as earnings shortfalls or M&amp;A activity.  Typically, the CEO and CFO discuss the previous quarter&#8217;s performance followed by a Q&amp;A session with the analyst community.  While the first half of the call is heavily scripted, the Q&amp;A session is more free wheeling and addresses specific concerns of the analysts.</p>
<p><a title="Wikipedia &quot;Regulation Fair Disclosure&quot;" href="http://en.wikipedia.org/wiki/Regulation_FD" target="_blank">Regulation FD</a> was designed to improve financial transparency and prevent analysts from having access to material information not disseminated to the broader public. </p>
<p>Generally, a press release pre-announces the conference time several days before the call.  You can check on corporate event schedules via the Company Events page of Yahoo! Finance, the Events section of Google Finance, or the company&#8217;s Investor Relations page.</p>
<p>Calls are available via a phone bridge or streamed audio.  If streamed, the audio is usually archived and made available following the call.  According to the <a title="NIRI FAQ" href="http://www.niri.org/irresource_pubs/faq.cfm" target="_blank">National Investor Relations Institute</a>, virtually all calls are streamed over the web.</p>
<p>Several transcription services provide draft transcripts soon after the call followed by an editorially reviewed final transcript.  <a title="Seeking Alpha Transcripts" href="http://seekingalpha.com/tag/transcripts?source=headtabs" target="_blank">Seeking Alpha</a> provides transcripts for major public companies.  A broader set of final transcripts is available from Thomson&#8217;s <em>FD (Fair Disclosure) Wire</em>  and can be found in business information services such as OneSource<em>.   </em>The <em>FD (Fair Disclosure) Wire</em> also provides transcripts from analyst presentations at analyst (brokerage) conferences.</p>
<div id="attachment_61" class="wp-caption aligncenter" style="width: 774px"><a href="http://insight.onesource.com/wp-content/uploads/2008/11/fd.bmp"><img class="size-medium wp-image-61     " src="http://insight.onesource.com/wp-content/uploads/2008/11/fd.bmp" alt="FD (Fair Disclosure) Wire Transcripts from Nov 12, 2008." width="764" height="333" /></a><p class="wp-caption-text">FD (Fair Disclosure) Wire Transcripts from November 12, 2008</p></div>

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