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02/22/13 4:44 PM

#25058 RE: cantwate #25053

They can be less constrained in issuing updates with the notice of effectiveness.

Guidelines

During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following:

* New deals or wins signed in that current quarter. Announcements about previously sold implementations going live are allowed, but must be explicitly described as such
* Management changes
* Progress against company goals
* Major product or service announcements
* Major partnership announcements

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