July 10-16
The July 12 Night Watch,
Ariba Posts Earnings, After-Hours Investors Say 'Buy!', misstated the prices of the 10 most-active stocks as listed by
Instinet
. Those figures have since been corrected. (
corrected July 14
)
A July 14 story,
For E-Tailers, the Shipping News Isn't Good, misstated the formula for calculating profit margins. It is gross profit divided by revenue, not vice-versa. (
corrected July 14
)
A July 13 story,
Mapping Out Stocks for the Genome Gold Rush, mistakenly reported that
Alliance Capital's
new biotech fund closed with $500 million in assets. In fact, the fund, which hasn't closed, opened only recently and hasn't set an asset target. (
corrected July 14
)
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A July 11 story,
Heidrick & Struggles Expects to Beat Estimates, incorrectly reported that
Heidrick & Struggles
(HSII:Nasdaq) expects second-quarter revenue to rise 40% to $113 million. In fact, the company expects second-quarter revenue to rise 40% from $113 million a year ago. The story also misidentified the company's chief executive; he is Patrick Pittard, not Richard Pittard. (
corrected July 12
)
A July 11 story,
Yahoo! Beats Estimates as Page Views Increase, misstated
Yahoo!'s
(YHOO:Nasdaq) year-ago second-quarter earnings. Accounting for a subsequent stock split, they were 5 cents a share, not 10 cents. (
corrected July 12
)
A July 7 story,
Yahoo! Wading Further Into the Free-Internet Waters, mistakenly referred to
Mentor Venture Partners
as Menlo Venture Partners. (
corrected July 12
)
The July 7 Fixed-Income Forum,
Where to Turn for Higher-Than-Treasury Yields, misstated the formula for calculating a municipal bond's taxable-equivalent yield. The article recommended multiplying the muni bond's yield by the quantity 1 plus the applicable marginal tax rate. The correct formula calls for dividing the muni bond's yield by the quantity 1 minus the marginal tax rate. (
corrected July 11
)
