TSC Staff
The June 14 Evening Update, IDT Falls Short; McCormick Tops Estimates, misstated McCormick's (MKC:NYSE) stock symbol. It is MKC, not MCK. (corrected June 16)
A June 15 story, At Network Appliance, Big Dreams Collide With a Rich Price, incorrectly reported Sun Microsystems (SUNW:Nasdaq) holds a leading position in the budding storage-area networks market. In fact, EMC (EMC:NYSE) holds that position. (corrected June 16)
A June 13 story, Managed Care Stocks Revive, but Are They Good for Your Fund's Health?, incorrectly characterized UnitedHealth (UNH:NYSE) as a hospital chain. It's actually an HMO provider. (corrected June 14)
The June 14 Stocks to Watch incorrectly reported that Eastman Kodak (EK:NYSE) warned it would report second-quarter earnings of 60 cents to 70 cents a share, missing the First Call/Thomson Financial estimate of $1.65 a share. In fact, Kodak said it would report earnings of $1.60 to $1.70 a share, roughly in line with estimates. (corrected June 14)
A June 13 story, Fed Hike This Month Looks Unlikely, but More Hikes Will Come, incorrectly reported that the May Consumer Price Index would be released Thursday, June 15, and that the May retail sales report would be released Wednesday, June 14. In fact, the CPI was to be released the morning of Wednesday, June 14, and the retail sales report was released the morning of Tuesday, June 13. (corrected June 14)
The June 13 SiliconStreet.com column A Bumpy Road Ahead for Palm incorrectly ommitted a reference to the special class of shares of 3Com that will exist between July 11 and July 27, which are the dates of record and distribution, respectively, of shares of Palm to 3Com shareholders. The "ex-dividend" shares of 3Com will carry the symbol COMS V, and it is these shares that Sanford Bernstein analyst Paul Sagawa predicts will be worth 15 until the July 27 distribution. 3Com's main shares, trading under the ticker COMS, will continue to reflect the value of Palm until then. The COMS V shares will cease to exist after July 27. (Corrected June 13)
A June 9 story, Arbinet Puts a Toe in IPO Waters, Finds Them Too Chilly, incorrectly identified Alex Mashinsky as Arbinet's chief executive. He is Arbinet's founder and vice chairman, and former chief executive. Anthony L. Craig is Arbinet's current chief executive, as well as its chairman and president. (corrected June 13)
A June 12 story, Citrix Plunges After Earnings Warning, incorrectly attributed some remarks about Citrix (CTXS:Nasdaq), including that its communications were "atrocious," to Paul Dravis, an analyst at Banc of America Securities. In fact, those complaints were made by Paul Meeks, manager of the Merrill Lynch Global Technology fund. (corrected June 12)
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