Every public company loves goods news. Sign a new contract? Win a new customer? Get positive results from a field trial? Put out a press release and chances are that the markets will respond favorably and drive up the share price.
Bad news, on the other hand, causes too many issuers to lose perspective. Some companies will want to schedule an announcement after market close on a Friday night. Worse, others will want to go into silent mode unless disclosure is absolutely required. The belief, of course, is that the company’s share price will suffer once negative news is released. (more…)