Are you someone who is looking for a way to communicate with his partners all over the world, but the classic telephone just won't do? You need a conference call? How about internet conference call? Same reliability, same quality, same effectiveness, but a new price: a lower one. Companies listed on the various stock exchanges have long held analyst conferences to spread their message to the investment community. Often, sponsors such as Hambrecht and Quist have held conferences where investment professionals could hear many firms in several days. To accommodate those who couldn't travel, the conference call allowed hundreds of analysts to hear a presentation and ask questions in real time. But access was usually restricted to investment professionals and often involved long-distance toll charges. Occasionally, a friendly broker would loan you his access codes, some of which found their way to the Internet. As a result, conferences could be swamped.
Using latest hour technology, that includes both hardware devices and software for communications, the Internet now provides a much more practical venue for the conference call. With the internet conference call's low cost and ability to accommodate many listeners it is now practical to open a conference call to almost anyone (at least to listen). Many firms now use internet conference call. For example, a recent article in the Wall Street Journal related how IOMEGA does this as an efficient way to control the irresponsible babble on Internet bulletin boards. People posting idle chatter now attract accurate responses from others who have heard the actual story on an internet conference call. As a result, the irresponsible postings are controlled.
Using the Internet as a medium for your internet conference call has many advantages besides the instantaneous international release that results. It is possible to save the audio files so that the internet conference call can be accessed later at a more convenient time. Plus it would be possible to edit out meaningless portions to provide sort of a "Cliff Notes" of each conference. Naturally, there are some limitations. If everyone could ask a question, real brawls could result as the conferences became uncontrolled. So most Internet systems limit who can ask a question.
An outstanding benefit for the average investor is to witness directly a firm's management in action. While the information might be the same, an investor gains confidence in management that presents a virtuoso performance over one that is defensive and hesitant. The details aside, the speed of response and other items that don't get incorporated in an analyst's report can add a lot to one's understanding. Internet conference call seems to be the trend in today's modern communication. In fact, the Internet is playing a more and more important role in this big scenario.