February 2004
A Feb. 25 story,
"Adelphia Eyes Huge Reorganization," incorrectly reported that
Adelphia Communications'
(ADELQ:OTC BB) plan for emerging from bankruptcy protection explicitly stated that current shareholders would receive no value under the plan. It also incorrectly reported that current Adelphia shareholders would not be able to vote on the reorganization. In fact, shareholders would receive an interest in a trust that would pursue legal claims related to Adelphia's collapse, and would receive a share of money collected if certain other participants in the trust were paid off. Shareholders would also be able to vote on the reorganization plan.
TheStreet.com
regrets the error. (
Corrected Feb. 25
)
A Feb. 20 story,
"Broadcom Looking to Raise Capital,"
may have created the wrong impression that
Broadcom
(BRCM:Nasdaq) was on the verge of selling $2 billion in stock or debt. To clarify, the company merely made a formal filing that is a prerequisite to the sale of $750 million worth of stock or debt, but which does not imply an immediate intention to do so. Separately, the company registered an additional $1.18 billion in shares for use in an acquisition. (
Corrected Feb. 24
).
A Feb. 19 story
State Street Fined in Fund Probe, incorrectly identified the company fined as
State Street Financial
(STT:NYSE). In fact, the fine was levied on State Street Research, an unaffiliated company owned by
MetLife
(MET:NYSE).
TheStreet.com
regrets the error. (
Corrected Feb. 19
).
A Feb. 13 James J. Cramer column,
Royal Dutch Lacks Savvy to Buy El Paso, incorrectly said the February 7.5 El Paso calls were most active. It should have said the February 7 El Paso calls were most active.
TheStreet.com
regrets the error.
(Corrected Feb. 12)
A Feb. 10 story,
Medtronic Jumps on FDA Approval, incorrectly stated that Medtronic is based in California. It should have said the company is headquartered in Minneapolis, Minn. Also, Medtronic's third quarter ended on Jan. 23, not Jan. 31 as the article stated.
TheStreet.com
regrets the errors.
(Corrected Feb. 11)
A Feb. 9 story,
Strong Revenue, Guidance From LTX, incorrectly stated
LTX's
(LTXX:Nasdaq) ticker symbol as LTX. The correct symbol is LTXX.
TheStreet.com
regrets the error.
(Corrected Feb. 10)
A Feb. 9 James J. Cramer column,
Give Juniper's CEO a Break on Sale, incorrectly stated that CEO Scott Kriens held 17 million shares of Juniper after his sale of 500,000 shares. According to the
Securities and Exchange Commission
, Kriens held 13.9 million shares following the sale.
TheStreet.com
regrets the error.
(Corrected Feb. 9)
The summary box contained in a Feb. 9 James J. Cramer column,
Growing Juniper Could Hurt Mighty Cisco, misquoted
Juniper's
(JNPR:Nasdaq) stock price as well as its 52-week range. The correct numbers are $26.20, and $7.45 to $31.25, respectively.
TheStreet.com
regrets the errors.
(Corrected Feb. 9)
A glossary popup box in the
Economic Calendar explaining Treasury auctions incorrectly said the federal government is running a surplus. The Bush administration has run deficits for the past two years and currently pegs this year's gap at $521 billion. (
TheStreet.com
regrets the error.)
(Corrected Feb. 9)
A Feb. 4 James J. Cramer column,
January, Not Fed, Cues Market Rotation, said a slowing economy could take
Ingersoll-Rand
from $47 to $64. In fact, it should have said $72 to $64.
TheStreet.com
regrets the error.
(Corrected Feb. 9)
A Jan. 30 story,
McData Layoffs Bode Ill for Fourth Quarter, incorrectly gave the impression that
McData
(MCDT:Nasdaq) had said it likely would equal its earnings guidance for the fourth quarter. The story should have said that the information came from an analyst; McData did not comment on its guidance.
TheStreet.com
regrets the error. (
Corrected Feb. 3
)
In a Feb. 2 story,
Rich Future for Dollar Stores, Blaylock Partners' price target for
Dollar Tree
(DLTR:Nasdaq) was erroneously referred to as Dollar General.
TheStreet.com
regrets the error.
(Corrected Feb. 2)