Pilot program uses XBRL for reports. (Business Briefs).The Nasdaq stock exchange, Microsoft Corp. and PricewaterhouseCoopers LLP LLP - Lower Layer Protocol have launched a pilot program to provide investors with remote access to financial data from five years of financial reports for 21 Nasdaq-listed companies. The data, which is formatted in eXtensible Business Reporting Language (XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. ) and publicly available via a Nasdaq-hosted Web Service, will showcase XBRL's ability to allow for easy comparisons of the financials of companies within a particular industry, like semiconductors. Nasdaq will be actively recruiting its listed companies to participate in the pilot program in the future. Financial statement information tagged in XBRL can help streamline the analysis process and ultimately help all players in the financial information supply chain by eliminating manual data entry while improving the usability of the financial statement information for other purposes, such as loan documents or government fi1ings. Information is entered only once, allowing that same information to be rendered in any form, such as a printed financial statement, an HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. document for a company's Web site, an EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. filing document with the SEC, a raw XML file, IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. tax filing or other specialized reporting format such as a credit report or loan document. For information, visit www.xbrl.org. RELATED ARTICLES: Nasdaq Companies Taking Part in Pilot Intel Corp. Xilinx Inc. Broadcom Corp. Altera Corp. Marvel Technology Group Ltd. Atmel Corp. Integrated Device Technology IDT (NASDAQ: IDTI) was founded in 1980 as a semiconductor vendor. Employing approximately 2500 people worldwide, headquartered in San Jose, California and operating a fab in Hillsboro, Oregon, the company both designs and fabricates semiconductor components. Inc. RF Micro Devices RF Micro Devices (NASDAQ: RFMD) is a manufacturer of integrated circuits, founded in Greensboro, NC, in 1991 by William J. Pratt, Powell T. Seymour and Jerry D. Neal.[1]. Inc. Semtech Corp. Micrel Inc. Microsoft Corp. Maxim Integrated Products Inc. Linear Technology Corp. NVIDIA Corp. Microchip Technology Inc. QLogic Corp. Intersil Corp. Conexant Systems Inc. Applied Micro Circuits Corp. Lattice Semiconductor Corp. Vitesse Semiconductor Corp. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion