Jonathan Spicer of Reuters writes how Google released its earnings on Thursday by issuing a short press release that directed those interested in the numbers to a posting on its Web site.
“‘Google Inc has released its first quarter 2010 financial results. Please visit Google’s investor relations website at investor.google.com/ to view the earnings release,’ the company said in the Thursday statement.
“‘Google intends to make future announcements regarding its financial performance exclusively through its investor relations website,’ it added.
“Google was delivering something called ‘notice and access’ to investors. The U.S. Securities and Exchange Commission requires this, having ruled in 2008 that U.S. companies may use their websites to distribute market-sensitive information.”
Read more here.
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