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By Rick Aristotle Munarriz (TMF Edible)
March 17, 2003

If you have nothing nice to say, say nothing at all. That's the lesson being taught down Wall Street these days, as companies start to take a vow of silence when it's time to provide quarterly guidance.

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Voiceless vogue
The only problem is that now good companies are crashing the pity party. Safeco (Nasdaq: SAFC) has decided to purse its lips, yet the insurer is doing just fine. PepsiCo (NYSE: PEP) went in for the silent treatment last month and, despite hiccups at Pepsi Bottling Group (NYSE: PBG), the soda and salty snack giant is still attractive. It's a troubling fiscal fashion statement. Guidance cleavage is out and verbal hemlines have reached the ankles. In short, the pretty girls are covering up, too...