Guidance
It is Digital Insight's policy to adhere to the Private Securities Litigation Reform Act of 1995, which provides a statutory safe harbor for forward-looking written and oral statements. The Company provides forward-looking statements in compliance with legal and regulatory requirements in an effort to reduce volatility, improve market valuation, increase liquidity and enable the investment community to better evaluate the Company and its prospects. The Company disseminates such forward-looking statements through press releases, SEC filings, public conference calls and other public disclosures. The Company identifies important factors that could cause actual results to differ materially from those projected in the forward-looking statements and endeavors to update statements, which change materially to the extent possible.
Quiet Period
It is the policy of Digital Insight to observe a "Quiet Period" or "Black Out Period" commencing one week prior to the end of each quarter and ending two trading days following the normal quarterly earnings announcements. During this period, the Company will not comment on the status of the current quarter's operations or its expected results, or make any comments as to whether the Company will meet, exceed or fall short of either the analysts' or its own guidance earnings estimates. By restricting contacts during this particularly sensitive time period, we limit the risk of an inadvertent disclosure.
No Comfort Opinion
Digital Insight does not provide any comfort opinion or otherwise comment on the probability that it will meet, exceed or fall short of analyst estimates, either on an individual or consensus basis.
Other Standing Practices
Digital Insight's policy is not to comment on earnings estimates, stock price movements or fluctuations in stock trading volumes unless we are prepared to do so in a press release. The company does not comment on rumors or speculative inquiries.
It is the Company's policy to prohibit individual employees other than the designated Authorized Spokespersons from communicating directly with analysts and investors. The following individuals are authorized spokespersons: Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, Director of Investor Relations and the Company's authorized public relations firm. From time to time, others within Digital Insight may be designated by the authorized spokesperson(s) to respond to specific inquiries as necessary or appropriate. Investors, therefore, should not rely on statements made by individuals other than authorized spokespersons or individuals designated by the authorized spokespersons.
Effective Date: 10-1-99