For most public companies, periodic conference calls and webcasts with investors and financial analysts are a fact of life. These communications promote confidence by disclosing earnings information and describing decisions, strategies and challenges that could affect earnings. The calls typically are open to the public so that companies may avoid “selective disclosure” issues, and they often include questions and answers regarding competitive conditions.
Widely accessible investor and analyst conference calls attract two types of visitors who otherwise would not have been present: competitors and the government.
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