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Corbis to remain quiet about future financial performance
Seattle based, Corbis corporation, is widely considered to be the worlds 2nd largest stock licensing company. In recent years the company has voluntarily made certain financial information public on a regular basis fueling speculation that the company had plans for an IPO. However, with its new CEO, Gary Shenk at the helm, the company has issued a statement that “it will no longer conduct semiannual teleconferences with financial analysts and media regarding its financial performance until further notice.”
The press release continued stating “Corbis is a privately held company and is not obligated to release financial information. The change is unrelated to current financial performance, which is on track for the year.” Previously the company has released information on a somewhat regular schedule under the guidance of former CEO Steve Davis. Corbis is privately held by its Chairman Bill Gates, who founded the company in 1989.
Click here for the original press release.
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Posted in: Corbis, News, Stock Photo Companies
