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It's time to let you in on a dirty little secret: You may not own the stock you own. That's right, if you invest with a brokerage firm, the shares you bought are almost certainly not held in your name. Technically, they're held in the name of the Wall Street firm you do business with, hence the term "street name."
No, you haven't been robbed. Ultimately, the decision to hold shares on the books under a different name doesn't affect the economic ramifications for you. You¿re listed as the "beneficial owner," even though the firm is the official owner of the shares. But, you are giving up some rights, and investors concerned about good corporate governance might want to get that stock back in their own names.
Here's the problem: If your stock is technically owned by, say, Merrill Lynch, then Merrill Lynch gets to do things with it that might work against your wishes. Take short selling. Investors who want to sell shares short need to first borrow those shares. The lenders are often the big Wall Street firms that are handing out Street-name shares. So, if you feel that a company you own is a victim of aggressive short selling, chances are your own shares are being used to fuel the shorting.
Also, your brokerage firm can cast ballots on some corporate matters affecting a company without getting your input. Technically, this can only happen in votes considered ¿routine¿ by securities regulators. But, there's a big catch: some big events, like board elections, are considered "routine" under law.
The good news is that you can easily fix the Street name problem: Just request that your brokerage firm makes you the listed owner of the shares. If they refuse, find a new firm.
Home / Markets / Industries / Technology
Wednesday, June 04, 2008
TechTarget Launches DesktopReview.com to Support Desktop Purchase Process
Comtex
NEEDHAM, Mass., Jun 04, 2008 (BUSINESS WIRE) ----Information technology (IT) media company TechTarget, Inc. (NASDAQ: TTGT) today announced the launch of DesktopReview.com(TM) to support the information requirements of IT professionals researching which desktop computers to purchase. DesktopReview.com is the fifth site offered under the TechnologyGuide.com(TM) banner, and joins NotebookReview.com(TM) in supporting the information needs of buyers of personal computers.
Like the other TechnologyGuide.com web sites, DesktopReview.com will focus on single-product category content, and provide product reviews, price comparison information, product configuration details, with its own user community focused exclusively on desktop computer technologies. TechnologyGuide.com sites offer content supporting end-stage purchase decision-making, and are designed to meet the information needs of the most valuable prospects - those that are ready to make a technology purchase.
The addition of DesktopReview.com further extends TechTarget's portfolio of targeted IT information resource offerings, strengthening the company's position as a leading provider of targeted content for IT professionals, and supporting TechTarget's ongoing, single-minded commitment to delivering ROI for its advertisers through its innovative, targeted online marketing vehicles.
"DesktopReview.com is a logical expansion of the offerings available through TechnologyGuide.com because enterprise IT professionals purchase large volumes of desktop computers as well as laptops, smartphones and mobile computing devices," said Greg Strakosch, CEO of TechTarget. "In addition to providing content that is complementary to information found on other TechTarget sites, in many instances the leading desktop computer manufacturers already utilize other TechTarget sites in their marketing programs, so we now deliver another, more-precisely targeted, offering from which they can benefit."
For information on advertising and sponsorship opportunities with TechnologyGuide.com, contact Ben Stafford, General Manager, TechnologyGuide.com, 513-807-0812.
About TechTarget
TechTarget, a leading online Information Technology (IT) media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. With its network of 51 technology-specific Web sites and over 6.6 million registered members, TechTarget is a primary Web destination for IT professionals researching which products to purchase. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to over 1,100 advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec.
(C) 2008 TechTarget, Inc. All rights reserved. TechTarget and the TechTarget logo are registered trademarks, and TechnologyGuide.com(TM), DesktopReview.com(TM), NotebookReview.com(TM) are trademarks, of TechTarget, Inc. All other trademarks are the property of their respective owners.
SOURCE: TechTarget, Inc.
TechTarget, Inc. Doug Jensen, 781-657-1528 PR Director djensen@techtarget.com
Copyright Business Wire 2008
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