March 22-28

 

The March 25 Herb on TheStreet, The Bizarre Story of Data Transmission Just Got More Bizarre, misstated researcher Tom Chanos' first-quarter revenue estimate for Dell (DELL). Chanos' estimate is $5.35 billion, not $4.35 billion. (corrected March 25)


The Wake-Up Watchlist section of the March 24 Wake-Up Call incorrectly reported that Morgan Stanley Dean Witter upgraded Burlington Resources (BR) to outperform from neutral. The firm actually upgraded Burlington Industries (BUR). (corrected March 24)


The March 17 story In the Tech Sector, It's Saville Low and Upward Documentum incorrectly said Documentum's (DCTM) stock that day had reached its highest level since March 1. It should have said March 11. (corrected March 24)


A March 22 Global Briefing column, World Looks to U.S. for Leadership, incorrectly said that SAP (SAP) would report first-quarter earnings figures on Thursday and that talk of disappointing numbers was weighing on it and helping to keep the Dax in negative territory. In fact, SAP is reporting audited fourth-quarter 1998 earnings figures on Thursday. (corrected March 24)


The March 18 story E-manager Wit Capital Enlists Traditional Wall Street for Its IPO incorrectly stated that Wit has participated in 50 equity offerings, 41 of which were IPOs, and is involved in nine underwriting deals that are in registration now. Those numbers, taken from the prospectus, were not accurate at the time the story was published. In fact, Wit had participated in at least 51 equity offerings, at least 42 of which were IPOs, and was involved in at least eight deals in registration at the time of the story's publication.

Of the nine deals that were in registration according to the prospectus, one had been completed by the story's publication, the IPO of Xoom.com (XMCM). In addition, iVillage (IVIL) began trading March 19. In five of the deals it had participated in that had been completed by the story's publication Wit played a big enough role to be listed on the cover of the prospectus as an e-manager. In the eight deals listed in the prospecutus that were in registration on March 18 it will take on the role of e-manager. Wit did not return three calls for comment for this correction on the up-to-date number of deals. (corrected March 23)


The March 22 story Reopened Small-Stock Funds Could Be an Opportunity -- or a Sucker Trap showed the incorrect date for the reopening of the (FLPSX)Fidelity Low-Priced Stock and (FSLCX)Fidelity Small-Cap Stock funds. The correct reopening date for both funds is March 17, 1999. (corrected March 23)


The March 23 story Dow 652,230! No, Really misreported the name of Roger G. Clarke's firm. It is Analytic TSA Global Asset Management. (corrected March 23)

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