March 2007
A March 29 story, Bear Growls at Subprime, misstated the size of Bear Stearns' (BSC:NYSE) subprime mortgage business and the company's lending-volume forecasts for 2007.
Bear said it had cut subprime activity in 2006 from the year prior by 50%. It said subprime lending represents less than 3% of its mortgage business, not 30% as originally reported. The company also forecast that industrywide subprime lending volume would drop by 30% this year. TheStreet.com regrets the error. (Corrected March 30)A March 28 story, Should I Do It? Chico's FAS Not a Good Fit, gave an incorrect 52-week low for the retailer's shares. The low was $17.26 in August 2006, not $16.95 yesterday. The major quote services had reported the erroneous low yesterday. Chico's FAS (CHS) shares did not fall below $24.50 Tuesday.
A March 28 column by Dan Fitzpatrick titled Beazer May Get Knocked Back to 2000 contained an error. The buy-stop indicated in the text for Beazer Homes (BZH) should have been just above $40, not $50, as originally published. TheStreet.com regrets the error. (Corrected March 28)
A March 27 Michael Comeau column, New IPO in the Limelight, mistakenly stated that CDN Consulting was Akamai's (AKAM) largest customer in 2006. In fact, it was Limelight's largest customer last year. TheStreet.com regrets the error. (Corrected March 28)
A March 22 Adam Feuerstein column Putting a Value on Provenge, incorrectly valued the drug's peak sales at $800 million; the correct value is $1 billion. As a result, the estimated fair value for Dendreon (DNDN) is $27, not $22, as first stated in the column. TheStreet.com regrets the error. (Corrected March 27)
A March 26 Columnist Conversation post by Jack Steiman titled Market Sentiment contained an error. It should have indicated the market was overbought rather than oversold. TheStreet.com regrets the error. (Corrected March 26)
A March 23 article, Friday's Financial Winners & Losers, incorrectly stated that Chicago Board of Trade (BOT) rejected a buyout offer from IntercontinentalExchange (ICE). In fact, the Chicago Board of Trade is continuing to review the offer and a competing proposal from Chicago Mercantile Exchange (CME). TheStreet.com regrets the error. (Corrected March 26)
A March 20 story, Betting On a New Manager, incorrectly identified the lead manager of the American Century California Long-Term Tax Free Bond Fund as Alan Kruss. In fact, the lead manager is Dave MacEwen. TheStreet.com regrets the error. (Corrected March 23)
A March 21 Tero Kuittinen column, The Curious Palm Takeover Saga, contained two incorrect dates. The rumored takeover was supposed to take place by March 22, not May 22. Also, Palm (PALM) reports earnings on March 21, not May 21. TheStreet.com regrets the errors. (Corrected March 21)
A March 19 article, Energy Contracts End Mixed, incorrectly stated that the April crude oil futures contract expired Monday, March 19. In fact, the contract traded for the last time on Tuesday, March 20. TheStreet.com regrets the error. (Corrected March 20.)
A March 8 column, Dendreon's Date with Destiny, should have noted that LifeTech Research was the first to report that Celia Witten, who runs the Cell, Tissue and Gene Therapy division of the Food and Drug Administration, could be a tough reviewer of Dendreon's (DNDN) Provenge application. TheStreet.com regrets the omission. (Corrected March 16)
A March 15 column, Too Soon for a Real Retest, contained a chart of the S&P 500 index with a mislabeled date. It has been replaced with a correct version. TheStreet.com regrets the error. (Corrected March 16)
A March 13 story, Stocks Dig Deep in Rebound, and a March 14 story, Subprime Drama Sinks Stocks, incorrectly reported the Dow Jones Industrial Average traded below 12,000 in early March. The 11,996 figure used in both stories was taken from Yahoo! Finance, which uses a theoretical calculation for historic data on the Dow rather than actual cash trades. In fact, prior to March 14, the last time the DJIA was below 12000 (intraday) was on Nov. 6. TheStreet.com regrets the error. (Corrected March 16)
A March 8 James Altucher column, Thursday's Daily Blog Watch, mistakenly stated that 35 out of 35 stocks in David Merkel's portfolio were up on the year. However, those stocks were all up on a given day, not year to date. TheStreet.com regrets the error. (Corrected March 9)
A March 7 column titled Nintendo Plays for Keeps contained an error. The column said that Rogue Galaxy was a recent Xbox release in Japan, but it is a PlayStation 2 title. Enchanted Arms is the Xbox release. TheStreet.com regrets the error. (Corrected March 8)
A March 2 story, UPS Ditches Airbus Order, misstated the year in which the company would have received its first Airbus A380 order. It would not have been until 2012, not 2010, as originally reported. TheStreet.com regrets the error. (Corrected March 6)
A Feb. 27 Doug Kass column, Kass: Short Side Never Looked So Good, said that Kass was going "all short" on the market for the first time since 2000. In fact, in the past 12 months Kass has written at least three times on Street Insight that he was all short. To clarify, Kass said he meant to write that this was the first time he was all short since 2000 and using margin. TheStreet.com regrets the error.(Corrected March 1)
A Feb. 23 story, Six Tax Moves for $10,000, contained two errors. There are two extra days to file 2006 federal tax returns this year, not one. The filing deadline is April 17, because the regular deadline, April 15, falls on a Sunday, and Monday, April 16, is a legal holiday (Emancipation Day) in the District of Columbia. The article also erroneously stated that interest from credit card debt is tax-deductible. It is not. It should have said that, if the credit card debt were refinanced with a home equity loan, the interest on that loan could, in some instances, be deductible. TheStreet.com regrets the errors. (Corrected March 1)
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