April 12-18
Due to an editing error, the April 16 story
Net Retailers Chart New Course of Cutting Shipping Fees incorrectly said Onsale's first-quarter revenue rose 7% from the same quarter in 1998. Onsale's revenue actually rose 68% on year. (
corrected April 16
)
The April 15 Evening Update,
Sun Microsystems Comes In a Penny Ahead of Expectations, reported that third-quarter earnings of 71 cents a share were postsplit. In fact, the earnings were presplit. (
corrected April 16
)
The April 14 evening Bond Focus,
Treasuries Washed Out as Corporate Tap Gushes, misstated the term of some notes priced by
Freddie Mac
(FRE)
. They are five-year, not 10-year, notes. (
corrected April 15
)
The April 14 Tax Forum,
Are Education Expenses Deductible?, incorrectly reported that taxpayers could avoid filing Form 1116 if their foreign income does not exceed $600 for married couples filing jointly or $300 for single filers. The story should have said that those dollar limitations apply to total foreign taxes paid, not to income.
(corrected April 14)
The April 14 Market Roundup,
Tech Sells Off as Blue-Chips Cling to Meager Gains , misspelled the name of the CEO of
Gotham Capital Management
. He is Ronny Kraft, not Ronny Craft. (
corrected April 14
)
An April 14 story,
Shorts Find Themselves Knee-Deep as Biomatrix Prospers, mistakenly reported that
BancBoston Robertson Stephens
has acted as an underwriter for
Biomatrix
(BXM)
. In fact, it has not.
(corrected April 14)
An April 14 market feature,
Return to Cendant: Things Fall Apart, mistakenly reported that
Cendant
(CD)
had canceled its plan to acquire
Providian Financial
(PVN)
. In fact, Cendant canceled plans to buy
Providian Home & Auto Insurance
.
(corrected April 14)
An April 13 Bond Focus,
Corporate Supply Pushes Treasuries Out of the Way, mistakenly reported that the
Associates Corp. of North America
unit of
Associates First
(AFS)
priced its $1.5 billion bond offering that day. In fact, the offering was priced April 14.
(corrected April 14)
An April 12 Tech Stock Update,
Safety Net: Internet's Gains Cushion PC Sector's Fall, incorrectly said that
Winfield Capital
(WCAP)
had bought $11 million in stock in
Modacad
(MODA)
. Winfield Capital actually purchased $516,236 in common stock of Modacad. (
corrected April 13
)
The April 13 Wake-Up Call,
Done With Compaq. Bring on Intel., misstated the
First Call
consensus estimate for
Intel's
(INTC) - Get Report
first-quarter earnings. It is 55 cents a share, not $1.10. (
corrected April 13
)
An April 9 story,
Notebook: More Than Meets the Eye in Pharmaceuticals' Tidy Growth, incorrectly stated that it would take a quarterly
Apligraf
sales rate of $100 million, yielding $25 million to
Organogenesis
(ORG) - Get Report
, for the biotech to be profitable. In fact, it would take an annual sales rate of $100 million. (
corrected April 12
)
An April 12 Herb Greenberg column,
One Money Manager's Favorite Stocks for a Dow 10,000 or 2000 World , gave the wrong April 9 closing price for
Silicon Graphics
(SGI)
. It was 12 1/2, not 21 1/2. (
corrected April 12
)
An April 12 Tech Stock Update,
broadcast.com Beats Estimates, incorrectly said that
broadcast.com
(BCST)
beat
First Call
estimates by a penny with a first-quarter loss of 11 cents a share. To compare with First Call's figure, the story should have reported the loss as 9 cents a share, which excludes an acquisitions-related charge.
(corrected April 12)