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An April 20 SiliconStreet.com, Those Who Don't Remember the Past Are Condemned to Lose Money, failed to take into account a 2-for-1 stock split in the shares of Silicon Valley Bancshares (SIVB:Nasdaq) that occurred in May 2000. The banking concern's shares fell from a split-adjusted $42.31 on March 8, 2000, to $23.70 on April 20, 2001. The reported fall from $85.63 per share did not factor in the subsequent split. (corrected April 29)
Two April 27 stories, Prudential Slaps PurchasePro With a Sell Rating and PurchasePro Down on Sell Rating, incorrectly stated that Prudential Securities issued a research note April 27 lowering its investment rating on PurchasePro.com (PPRO:Nasdaq). In fact, the firm lowered its rating on April 26. (corrected April 27)
The April 26 Herb on TheStreet column, WestPoint Wallows In Its Own Words, mistakenly said WestPoint's (WXS:NYSE) first quarter-end cash level was $520 million. In fact, it was $520,000. The story also mistakenly reported that the cash level increased from the first quarter; it increased from the fourth quarter. (corrected April 26)
An April 24 column by Bill Meehan, Keep a Steady Hand and a Sober Plan, misstated his short-term target for the S&P 500 as 1350. His actual target is 1300. (corrected April 25)
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