Intel CFO Commentary

Intel (INTC) announced interesting changes to its disclosure program. They will now include a CFO commentary with the press release announcing earnings. This is designed to shorten long and tedious prepared remarks on conference calls.

Interesting very interesting.

So a company issues a press release that supposedly discloses requisite information. Then we go to the conference call to hear the good stuff. Now Intel wants to get efficient and shorten the conference call. Are we not admitting that the press release is inadequate in the first place? Why not just include the CFO commentary in management discussion and analysis MD&A and then go straight to questions on the conference call.

Have we come full circle?