Full Disclosure For All

The Web allows corporations to share information quickly and cheaply

For years, American Home Products Corp. has been one of the nation's most tight-lipped companies. Reporters rarely hear from top managers, and most shareholders see little beyond mandatory disclosures and legal boilerplate. Only Wall Street analysts get regular access to the drugmaker's top officers during quarterly conference calls. Soon, however, the favoritism at AHP may end. The company is seriously considering broadcasting its quarterly earnings calls over the Web. Reporters, investors, and anybody with access to the Internet may soon be able to hear AHP officials discuss recent results, and maybe get a taste of what's in store in future months. "We're getting the technology to be able to do it," says Assistant Vice-President Lowell Weiner. "It's just a matter of time."

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