New York (March 21, 2003) -- The XBRL programming code for financial reports could provide a major boost to stock market investors, according to investment industry authorities at a symposium here.

XBRL will lead to "the democratization of data," said Alfred R, Berkeley, vice chairman of the NASDAQ Stock market. He said XBRL's potential to help investors and searchers more easily gather and disseminate financial reports could open the door to reviewing companies now overlooked because there's no analysis of their financial conditions.

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