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Oct 31, 1998

Dog days of disclosure

The heat is on over disclosure

An analyst writes that Silicon Valley Bank's bad loans have increased marginally. Although management says it's still going to hit the numbers for the quarter and the year, the stock goes into free fall - $25 to $15 on massive volume in a single day. The class action piranhas are in a feeding frenzy. Summer may be over but investor relations officers are now sweating in the dog days of disclosure. On one side, investors are clamoring for more information, more broadly distributed in a more

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