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CCBN Web Site Integrates Multiple Sources of Corpo

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NEW YORK (–CCBN, a firm that organizes communications between public companies and investors, including hedge funds, recently introduced an integrated online window for accessing transcripts, briefs and audio web casts of corporate conference calls and other events.

“With Regulation FD, there are now more disclosures,” said Greg Radner, vice president for marketing. “Companies bring out a fire hose of information, and CCBN tries to turn that flow into a drinking fountain, easier for investors to use.”

The firm provides subscribers to StreetEvents with a calendar of conference calls, earnings releases, shareholder meetings and other investment-related events. It offers several tools for analysts who are looking for information or want to know what went on at teleconferences they were unable to attend, sometimes because the events take place at the same time.

Cliffs Notes

CCBN event briefs give a factual synopsis of what was said during a conference call. They’re summaries like Cliffs Notes, Mr. Radner quips. By contrast, event transcripts give you the whole thing–a word-by-word record. CCBN is producing up to 125 real-time transcripts a day, covering almost 3,000 companies.

The recent enhancement allows users to link together all materials pertaining to a company. A split screen shows the selected event brief on one side. Clicking points of interest takes the user to that part of the transcript, to read the full text. You can also click parts of the transcript to listen to an audio web cast.

“Our transcripts are more factual than what a broker/dealer might give its clients,” said John Amirsakis, who is in charge of CCBN services for institutions. “The briefs are for those that cover many companies. Hedge funds wear many hats. Having these on their fingertips makes it more efficient.”

Over 1,400 investment firms now subscribe to StreetEvents, about 25% of them from the hedge fund industry. “Hedge funds are heavy users of our services,” said Mr. Radner.

“Our coverage is whatever users want to see,” he added. When investors become more interested in a company, StreetEvents focuses on tracking its information flow. The firm also plans to expand international coverage and has set up an office in Europe for this purpose.

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