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A Feb. 1 story,

Deutsche Bank leads $20m financing round for Gilian Technologies, incorrectly reported that

Gilian Technologies

raised $20 million in a second round of financing; in fact, it raised $14 million. The same story also incorrectly described Gilian's business. Its G-Server product prevents damage to Web site data by transparently intercepting and replacing corrupt, altered or defaced content before it's available to the public.


A Feb. 1 item,

Starbucks January Same-Store Sales Rose 6%, reported that


(SBUX:Nasdaq) most recent earnings guidance hinted at a fiscal 2001 earnings shortfall. But the story failed to note that the company had raised 2001 guidance

last week, and that Wall Street estimates had subsequently risen to the top of that range. The company says that in offering the identical earnings estimate Thursday, Starbucks was merely reiterating earlier guidance, rather than raising the prospect of a shortfall. (

clarified Feb. 2


A Feb. 1 story,

Verizon Downplays Slowdown but Cuts Back on Capital Spending, incorrectly reported that the Baby Bell trimmed $400 million from its 2001 capital spending budget. The $400 million trim actually came from the 2000 budget.


(VZ:NYSE) expects to spend $18 billion on network expansion and communications equipment in 2001. (

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corrected Feb. 2


A Jan. 31 column,

Duke of Moral Hazards? Fed Cuts Could Send the Wrong Message, incorrectly reported personal expenditures were $63.3 billion out of a total $93.7 billion GDP in the third quarter of 2000. In fact, those figures represent how much each category increased in that quarter. Total GDP in the third quarter was just over $10 trillion, of which personal expenditures accounted for $6.8 trillion. (

corrected Jan. 31


A Jan. 30 story,

Analyst Actions: Delta, PG&E, Heinz, Exelixis, incorrectly stated that

J.P. Morgan



(HNZ:NYSE). In fact,

Salomon Smith Barney

downgraded the stock. (

corrected Jan. 31


A Jan. 25 story,

Rising Costs Hit BroadVision Hard, incorrectly reported the firm's fourth-quarter earnings as 3 cents per share. Actually, the company earned 2 cents per share.

(corrected Jan. 25)

A Jan. 11 PortfolioRx column,

Starving Artist Seeks Income in Retirement, overstated the annual insurance expenses on CREF's variable annuities as 0.3% to 0.4%. The insurance charges are actually 0.005%. The total expenses associated with the CREF variable annuity sub-accounts compare favorably to the total expenses associated with the TIAA-CREF mutual funds.

(corrected Jan. 25)