July 17-23
The July 20 Tish on Tech,
Upstarts Rule the Market for Voice-Over-Internet Applications, incorrectly included
Nuance
(NUAN:Nasdaq) in a group of private companies.
(corrected July 21)
A July 20 story,
Timing Is Everything: Munder Sets Big Private Deal With Soaring Multex.com, misidentified a NetNet fund co-manager. His name is Steven Appledorn, not Scott Appledorn. Also, the fund's $30 million
Multex.com
investment will add up to 0.4% of the fund, not 4%, which will keep it out of the fund's top 10 holdings.
(corrected July 21)
A July 14 story
Razing Hair, Raising Shares: A Look at 'Aesthetic Technology' Stocks, incorrectly said that
BriteSmile
used a laser-based teeth whitening system, when it uses a gas-plasma light activated system. The column also stated that the treatment whitens teeth by two to seven shades. It actually whitens teeth by nine shades.
(corrected July 21)
The headline on a July 20 story,
TheStreet Recommends
CNet Beats EPS Expectations While Revenue Doubles, mistakenly reported that
CNet's
(CNET:Nasdaq) latest-quarter earnings beat Wall Street estimates by a penny. In fact, the earnings beat estimates by 2 cents. (
corrected July 21
)
A July 19 story,
CNet to Acquire Ziff-Davis, said that
Softbank
of Japan owns a majority of CNet's shares. In fact, Softbank owns a majority of
Ziff-Davis
voting stock. (
corrected July 21
)
The July 19 Silicon Babylon column,
Where Has All the Chillin' Gone?, incorrectly quoted venture capitalist John Doerr of
Kleiner Perkins Caufield & Byers
saying, "The biggest need that we have are the great executives to lead these teams." In fact, Doerr said, "We need CEOs and teams to lead these companies." (
corrected July 20
)
The July 20 Bill Meehan column,
Down, but Not Out, mistakenly reported the
Nasdaq Composite Index's
combined Tuesday-Wednesday decline as "almost 120 points." In fact, the index dropped a total of 219.04 over those days. (
corrected July 20
)
A July 19 story,
Qwest Tops Estimates by 2 Cents, mistakenly reported that
Qwest
(Q:NYSE) expects to report 2000 earnings of $7.4 billion on revenue of $18.5 million. In fact, Qwest forecast $18.5 billion in revenue and $7.4 billion in earnings before interest, taxes, depreciation and amortization for 2000. (
corrected July 19
)
A July 19 story,
Nortel, Lucent Facing the Strong Demand Music, mistakenly reported two years as the length of time that
Cisco
(CSCO:Nasdaq) hasn't released an optical product from its
Monterey
unit. In fact, while Monterey has been developing an optical device since 1998, Cisco acquired the company only last year. (
corrected July 19
)
A July 17 story,
Commerce One Report Has Ariba's Giant Footsteps to Follow, misidentified a
Thomas Weisel Partners
analyst. He is Robert Schwartz, not Thomas Schwartz. (
corrected July 19
)
A July 14 story,
Extended Systems Nosedives After Earnings Warning, incorrectly reported that
Extended Systems
(XTND:Nasdaq) forecast a fourth-quarter loss of $13.2 million on revenue of $5 million. In fact, the company expects to report $13.2 million in revenue, $5 million of which will come from its mobile information management unit. (
corrected July 19
)
A July 18 story,
Continental, Southwest Soar Past Expectations, mistakenly reported that
America West
(AWA:NYSE) beat analysts' earnings estimates with latest-period results. In fact, excluding a 17-cent gain, the company's results fell far short of estimates. (
corrected July 18
)
The July 18
Stocks to Watch incorrectly reported that
Copper Mountain Networks
(CMTN)
announced earnings of 18 cents and missed an eight-analyst estimate of 24 cents. In fact, Copper Mountain reported earnings of 24 cents, beating an 8-analyst estimate of 23 cents by a penny. (
corrected July 18
)
The July 14 Market Story,
Smoking Nasdaq Ends Higher After Strong Week of Earnings, incorrectly stated that the
Producer Price Index
rose 0.1% in June. In fact, it fell 0.1% in June. (
corrected July 18
)
A table in the July 13 Market Story,
Strong Earnings Boost Nasdaq to Highest Close Since April, reported the year-to-date changes for three indices incorrectly. As of the close July 13, the
Dow Jones Industrial Average
was down 6.2% for the year, not down 6.1%. The
Nasdaq Composite Index
was up 2.6%, not down 2.5%. The
Russell 2000
was up 7.4%, not up 6.9%. (
corrected July 17
)
A July 17 story,
AOL Takes a Wait-and-See Approach to Wireless Internet Access, incorrectly said that a combined
AOL
(AOL:NYSE) and
Time Warner
(TWX:NYSE) could replace its cable system with a high-speed wireless system. The article should have said that the combined company could supplement its cable system with a high-speed wireless system. (
corrected July 17
)
