April 24-30
An April 25 Herb on TheStreet column,
The Downside of StarTek's Heavy Reliance on Microsoft, incorrectly reported that
StarTek's
(SRT:NYSE) fourth-quarter sales from
Microsoft
(MSFT:Nasdaq) grew just 16% over the prior year. In fact, sales grew 6% over the prior year. The column also said StarTek's non-Microsoft sales growth slid 6.2% in the fourth quarter -- the second straight quarter of declines. In fact, non-Microsoft sales rose 26% in the fourth quarter and were not down the quarter before.
(corrected April 28.)
An April 28 Tish Williams column,
So You've Always Wanted to Be a VC, Have You?, mistakenly reported that
Kana Communications'
(KANA:Nasdaq) stock has fallen to 37. The figure didn't take into account a 2-for-1 stock split.
(corrected April 28)
An April 19 story,
Commerce One Posts Smaller-Than-Expected Loss, incorrectly reported that analysts surveyed by
First Call/Thomson Financial
had been expecting
TheStreet Recommends
Commerce One
(CMRC:Nasdaq) to report a loss of 24 cents a share for the first quarter. In fact, in adjusting for a 2-for-1 stock split, the analysts had forecast a 12-cent loss.
(corrected April 28)
An April 19 story,
Warner Lambert, American Home Beat Expectations, incorrectly reported that
American Home Products
(AHP:NYSE) beat estimates by 8 cents. In fact, the company matched estimates.
(corrected April 28)
An April 26 James J. Cramer column,
Fishing for a False Bottom: Part 2, failed to disclose that his hedge fund held a long position in
Cisco
(CSCO:Nasdaq) at the time of publication. (
corrected April 28
)
An April 26 Herb on TheStreet column,
Will Amazon's Real Gross Margin Please Stand Up?, failed to disclose that an unnamed skeptic who criticized selling practices at
Amazon.com
(AMZN:Nasdaq) was short the stock. That person was the last person quoted in the Amazon section of the story. (
corrected April 27
)
The April 27 Buysider column,
Stuck in Conference-Call Hell, misspelled the name of the
Berkshire Hathaway
(BRK.A:NYSE). He is Warren Buffett, not Warren Buffet. (
corrected April 27
)
The April 26 Evening Update,
AT&T Wireless Prices Historic IPO; Beyond.com Misses the Mark, incorrectly reported that
InterTrust Technologies
(ITRU:Nasdaq) posted a first-quarter loss of 8 cents a share. In fact the company posted a loss of 12 cents a share, which excludes a one-time writeoff of 8 cents a share. The company still beat the estimated loss of 14 cents a share. (
corrected April 27
)
The April 25 Evening Update,
JDS Uniphase, eBay Beat Estimates, incorrectly reported that the March-quarter analyst estimate for
Emcore
(EMKR:Nasdaq) called for a break-even result. In fact, the
First Call/Thomson Financial
estimate called for a loss of 25 cents a share, so Emcore's loss of 21 cents a share was narrower than analysts expected. The story also incorrectly reported that Emcore's March quarter was its fiscal first quarter. In fact, it was its fiscal second quarter. (
corrected April 26
)
An April 25 telecom story,
Avanex Shares Roar Higher as Gilder Rides Again, incorrectly reported that
Xcelera
(XLA:Amex) shares were some 80% off their 52-week high of 350. In fact, adjusting for a stock split, the shares were 67% off a 52-week high of 225. (
corrected April 26
)
An April 24 Herb on TheStreet column,
Does Microsoft Really Have Reason to Be This Gloomy?, incorrectly said
Microsoft
(MSFT:Nasdaq) warned of weaker-than-expected results for its first quarter. In fact, the warning, given to a
Goldman Sachs
analyst, applied to the company's fiscal third quarter. (
corrected April 25
)
The April 20 Evening Update,
Equity Mutual Funds Get $6 Billion in Inflows, incorrectly reported that
Echelon's
(ELON:Nasdaq) first-quarter loss of 2 cents a share fell short of a two-analyst First Call/Thomson Financial consensus estimate of a loss of 1 cent a share. The estimate has been corrected. In fact, Echelon's results matched a one-analyst estimate of a loss of 2 cents a share. (
corrected April 24
)
