I have a pet peeve about fascinating discussions taking place in e-mail that belong on this blog. So let's kick it out, ladies and gentlemen, and see if we can get This Week on IAOCblog.com up and running again with a discussion of Online Communications in Investor Relations.
Don Dunnington broached the subject because he is giving a presentation at the National Investor Relations Institute (NIRI) meeting in Philadelphia on Thursday. The focus of the program is IR and blogging, v-blogging, and podcasting -- something like that.
Online IR was given a big boost by the Security & Exchange Commission's Regulation FD, requiring full disclosure of material financial information to all investors simultaneously. Webcasting earnings reports is one of the few ways to stay on the right side of Regulation FD.
My take on this was that IR folks are going to need to learn online video if they want their earnings reports to spread far and wide (of course, sometimes you don't want earnings reports spreading at all). I've been working with online video for four years now and I can tell you it is tough sledding. In some ways, Apple has made it easier for us because there are only two formats of digital video that play on iPods and cell phones. When you realize that there are hundreds of compression settings you can use with online video, narrowing the number down to 2 is a great relief. I'm thinking if you're broadcasting earnings reports, you'll want them to go onto handhelds.
Don found some interesting stats about subscribers to IR casts and then Dee Rambeau dished some info about how it's relatively easy to syndicate earnings reports through RSS. I hope those gentlement will post on this topic in the coming days and that you, dear reader, will chime in, too, and then This Week on IAOCblog.com will be back in business!
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The Use of Online Communications in IR
by
Steve O'Keefe
on Mon 06 Feb 2006 06:40 PM EST | Permanent Link
Comments
Re: The Use of Online Communications in IR
by
Steve O'Keefe
on Tue 07 Feb 2006 10:20 AM EST | Profile | Permanent Link
This comment was submitted via e-mail by:
From: Kevin Dugan <prblog@yahoo.com> Date: Tue, 7 Feb 2006 Subject: forward-looking statements Online video is all well and good if you have visuals in your earnings report that really make it a better report (red line moving UP the graph). Podcasting, in the meantime, is a bonus as it is easier than webcasting and taps into the timeshifting factor and is more highly networked via blogs, rss and search engines. Consider your end consumer and how they want to "consume" the content. Are analysts replete with video iPods? Do they care what your CFO looks like? Don should touch base with Topaz partners who are curious if the news release will remain the de facto disclosure tool in this new day and age. Amy Gahran at Contentious would surely contribute to this discussion. She's secretly rooting for this document's demise which details how abused the news release format has become. Alas, killing the format will simply shove the abuse elsewhere. Me? Let me simply add that any forward-looking statements... Kevin M. Dugan, APR <prblog@yahoo.com> Blog: http://prblog.typepad.com ** Visit the new Bad Pitch Blog: http://badpitch.blogspot.com/ ** Re: The Use of Online Communications in IR
by
Steve O'Keefe
on Tue 07 Feb 2006 10:26 AM EST | Profile | Permanent Link
Okay Amy Gahran and Topaz Partners, let's hear it. No more news releases? We could spend a week on that one here at the blog.
Kevin, yes, actually, I do think analysts are replete with video iPods. Take a walk around Wall Street during the morning commute. And they certainly are replete with Mobile Phones, some of which now play v-casts, all of which will play v-casts from now on. Don't get me started on Crackberries! Thanks for Jumping In, STEVE O'KEEFE, IAOC VP Re: The Use of Online Communications in IR
by
Phil Borremans
on Tue 07 Feb 2006 04:57 PM EST | Profile | Permanent Link
OK, it is not financial information but it is targeted towards our investor community: the IBM Podcast series "The Future of..." hosted on our investor page at http://www.ibm.com/investor/viewpoint/podcast.phtml
I do not have the latest figures but these podcasts were in the top 50 podcast downloads on iTunes if that's a reference. Re: The Use of Online Communications in IR
by
Don Dunnington
on Tue 07 Feb 2006 06:14 PM EST | Profile | Permanent Link
Philippe,
Thanks for joining the discussion. After Steve shamed me into sharing our thoughts online, rather than in email, I posted an article about what I've found from a quick search on "IR." IBM, as you point out here was one of the few big companies that popped up in all my searches. Don Dunnington Re: The Use of Online Communications in IR
by
Steve O'Keefe
on Tue 07 Feb 2006 11:15 PM EST | Profile | Permanent Link
Phil,
I checked out the podcast on "Crime" and, you're right, it's not an earnings report. It's like eavesdropping on a conversation among computer security experts. The quality of the sound is quite good. But I couldn't help thinking how much more compelling this would be with video. In Investor relations, it seems that a narrated PowerPoint would be preferable to no graphics at all. Is anyone using narrated PowerPoints or "animated annual reports" on your site? What kind of software are you using to make them? Trackbacks
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