- "Standard & Poor’s Equity Research recently held their 2nd Quarter Investors Teleconference, focusing on expectations for the earnings outlook for 2009."
An internal archive of these types of events for on-demand viewing would have made life much easier as many meetings were simply missed because of scheduling conflicts and/or offered multiple times on the same topic to accommodate different schedules. Plus, an external catalog available to the bank's institutional investor clients would allow live or on-demand access to analyst stock "calls", facilitating timely communication regarding investment recommendations, potentially improving client relationships, and possibly leading to new business models. Mediasite could also be used to Webcast conferences, as Noble Financial is doing (McGraw-Hill's CEO presented at this conference). All makes perfect sense. But, adoption by BofA never happened during our tenure. Glad to see S&P is taking advantage of the technology.
We'll provide an update on languishing SOFO later this week. In brief: we continue to believe that Mediasite franchise value is meaningfully greater than Sonic Foundry's current market valuation, although the illiquid stock is speculative and not without risk.
Disclosure: long SOFO.
© 2009 Jeffrey Walkenhorst
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