Wall Street prefers low tech

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A study by Straightline International shows the Internet is being used by 57% of financial analysts to obtain information on companies they follow. The study also found that 79% of publicly-traded U.S. corporations have Web sites, more than double the amount of last year. Additionally, 26% of companies with Web sites say they are updated on a daily basis. Even though companies are making bigger efforts to provide Wall Street with info on their Web sites, only 22% of analysts and money managers prefer to use the Net for key financial info. Instead, analysts prefer to receive information via printed reports, faxes, conference calls, e-mail and regular mail, in that order. The study polled 572 analysts and money managers and 368 investor relations professionals from the country's 10,000 public companies.

Copyright February 1997, Crain Communications Inc.

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