Newswires oppose timing and access disadvantages that releasing reports over the Web could create
Usually, earnings announcements come with a flurry of press releases and wire stories as publicly traded companies try to adhere to the Securities and Exchange Commission's (SEC) disclosure regulations. Sun Microsystems recently threw a curve when it made its July 30 earnings announcement on its Web site and via RSS feeds 10 minutes before sending the information out through traditional means.
"I believe this change will increase the ...