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Corporate Web Sites for Investors

 

Top Investor-Friendly
Web Sites:

 

BBN
BBN Corporation
Web Site


Nokia

Nokia Corporation
Web Site



Xerox

Xerox Corporation
Web Site




Pactel

Pacific Telesis Group
Web Site



Philips

Philips
Web Site

 

 

 

 

 

 

 

 

 

 

 

Overview

NEW YORK, February 7, 1997—A recent survey of corporations by the National Investor Relations Institute indicated that over 90 percent of respondents include investor information on their company Web sites. But for investors, the World Wide Web is proving to be less than user-friendly. The core of the problem is that most Web pages serve too many masters—and that the investor is frequently the last master served. Many Corporate sites, while paying lip-service to investors, are really designed to captivate the consumer or to thrill the "techie."

Few sites make it easy for users to quickly find the information they need. Problems are exacerbated for professional investors, who often value their time even more keenly than the average Net surfer. Inflated download time, extensive software requirements, and cumbersome site organization can all send investors running from a site in a huff.

Many of the most basic problems relate to technology. The main issue faced by users is that computers can easily get choked; there are capacity problems with the storage of programs and the data they gather, contention problems as the new programs fight to access the computer's resources, compatibility problems with many computers lacking the necessary software helpers that make some applications work best, and many more.

The Walt Disney Company, for instance, has literally tens of thousands of pages of data and multimedia at www.disney.com, but trying to work your way through it all could swamp the average home personal computer. The company provides a ton of information, which is needed to satisfy a broad range of entertainment-oriented users, but accessing a sizable part of it will take an awful lot of time and patience on the average local phone line hookup. Additionally, visitors may find they require a whole new suite of software to see and hear everything.

The fact is that most personal computer users are well behind the learning curve of the Net, and that learning curve is rising at an exponential rate almost daily. Keeping up with the latest technology—the newest hardware to come out of Silicon Valley and the latest programs that simplify every task--is hard enough. An investment professional’s first obligation is staying up-to-date with the barrage of news and data coming from their various resources. Companies can help the process by designing a Web site that will not only present themselves in a favorable light, but reinforce the Internet as a comprehensive informational medium.

Mike Reilly is an international management communications consultant.

 


Top Ten Corporate Web Sites

Some corporations have done well in presenting themselves to investors over the Web. The following 10 Web sites have put forth an admirable effort in providing clear, concise, and easily accessible portraits of the companies they represent:

ABB Groupwww.abb.com

This conglomerate matches its decentralized business with communications via seven global Web sites and contacts for 75 or so national and regional offices around the world. Owners of the base stocks in Sweden and Switzerland get graphs of performance and statistics, including eight years of balance sheets, income statements, and segment/regional data. Confidence is projected in the president's 1995 comments on both current and future performance, as well as policy and strategic commentaries. Contacts galore, product information, a help desk, and feedback sheets are among the other features.

BBN Corporationwww.bbn.com

As purveyors of services on the Web, BBN has to look pretty snappy to impress its clients, and they make the grade. Another full-service site with reams of material and information about what it does, this location is one of the technical leaders. For the investor, BNN includes plenty of useful data, including a 'quick search' feature that makes finding the right information easy. Be prepared for extensive graphics and software dependent features—a negative for average users, but good examples of how knowledgeable that average user will be in a few years. Video clips, audio, and slides are all part of the show. This site is a must-see for the latest business of the Net.

Colgate-Palmolive Companywww.colgate.com

This company really paid attention to investors. First they put a pointer to investment information right on the home page. They then make the investment case with a 10-year TSR (total shareholder return) chart and "the investment story," a concise sales pitch on why one should own this stock. Plenty of other information on the company, easy navigation, and a clean design make this a standout.

Conrail Inc./ CSX Corporationwww.csx.com/docs/merger/csx.htm

A joint Web site was set up to handle inquiries about merger plans between the two companies. This marks the start of an innovative use of the Web. There was a precedent set in e-mail use by IBM in its courtship of Lotus, whose employee-owners were raised with the medium. Here, a couple of non-computer companies have validated the Web’s potential for purveying valuable investment information. On October 15, they filled the site with data instantly available to all parties: the media, analysts, owners, regulators, and employees. Statistical material and a map of the combined new railroad were available simultaneously with the first news bulletins. The companies said the combined Web site was designed to show this was a merger of equal partners, but the even more powerful underlying messages evidenced by the joint site had to do with avant-garde communications and like-mindedness.

Daimler-Benz AGwww.daimler-benz.com

This is an exquisitely designed site in terms of navigation, use of graphics, downloading software, and overall ease of use. It carries specific comments on the company’s business status, including forecasts of sales and spending for the rest of the year, among other forward-looking comments—most U.S. companies don't dare. German or English versions can be chosen at every text page. In addition to reams of data on products and the company, the user is always first in mind, with e-mail contact options available throughout the site.

Intel Corporationwww.intel.com

For one of the members of the "mega-site" category, Intel’s offering ranks high. Mega-sites, like Disney, Microsoft , and CNN, all offer enormous amounts of data and eye-popping features. But they are mostly excluded from this list because they have too much functionality (preventing average users from seeing it all), because the navigation is difficult, or because they are too consumer-oriented. Still, Intel rates a look for its comprehensive, business like approach. It is set up for all comers, having been around for many years as a tech site, Intel has experience in mixing easy-to-use features with complex information, not to mention a library of software to download if one aspires to be more than an "average" user.

Nokia Corporationwww.nokia.com

Nokia remade its site after complaints about excessive downloading times—the same issue everyone faces. The difference is that Nokia responded fast and well. Use of a reduced color set and sketches instead of complex graphics combine to make a big difference in access time. The site is well thought out and thus is intuitively navigable, something that can't be said for most.

Pacific Telesis Groupwww.pactel.com

This technically savvy company uses a clever electronic on-line newsletter for shareholders, along with adroit desktop publishing skills to create good communications on a content-rich site. Even press releases integrate color graphs and tables in newsletter formats. Use of this layout allows some creative action; for instance, an easy tabular guide to an 800 fax service is seamlessly integrated in the latest quarterly release of earnings, along with the graphs and tables. The guide lists a range of available documents and releases that relate to topics in the news release and includes their dial-in codes. The company accomplishes a good media mixing, which creates a more valuable whole.

Philips Electronics N.V.www.philips.com

A good search engine up front and tons of information on products and performance make for a user-friendly site. Philips distinguishes itself, however, with the clear voice of the corporation in an open explanation of why they created a new corporate image from the CEO. Coupled with this are copies of advertising, the campaign strategy, and a value statement. Investors will find a broad assortment of documents (many easily downloaded) with so-called "mirror sites"—a smart way to speed access for a global concern.

Xerox Corporationwww.xerox.com

Xerox is one of several companies rebuilding its site in 1996—a basic requirement if one is serious about value in the fast-moving Web world. Xerox has a full range of news releases, financial reports, stock price and graphs, commentaries, and files that can be downloaded. It is available in both text and graphic formats and provides a reasonable amount of choice so that the non-technically advanced (still by far the largest number of users) can get information. They have made available a corporate strategy slide show used with analysts in July, and they invite e-mail comments and suggestions in the investment section, displaying a clear customer orientation.


[Taken from The Multex E-zine - March 1997]

© Copyright 1997, 2001 Hally Enterprises, Inc.

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