The newest recruit at the Securities and Exchange Commission is not a Harvard Business School graduate but a computer named EDGAR (for electronic-data gathering, analysis and retrieval). The device promises to become the most useful investment aid since the stock market ticker made its debut in 1867. When fully operational in 1986, EDGAR will allow investors using personal computers and a telephone to get instant access to the 5 million pages of corporate financial information filed annually with the SEC. By interrogating EDGAR, investors will be able to identify companies with poor earnings performance or pinpoint firms whose stock...
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