May 10-16

<I>TSC</I> corrects its mistakes for the week.
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The May 14 Fixed-Income Forum,

Finally, We Have the Maturity to Explain Duration, was incorrect on two points. First, in describing the buckets-on-a-plank analogy for a 10-year, 6% coupon bond discussed in a 1985

Salomon Brothers

paper, the final bucket would represent a payment of $1,030, not $130. Second, it incorrectly described the effect of changes in yield on duration. Rising yields cause duration to shorten; falling yields cause it to lengthen. (

corrected May 14

)

The May 13 Evening Update,

Nordstrom Sags After Hours on Lower Sales, but Posts On-Target Earnings, incorrectly reported that

Nordstrom

(NOBE)

reported first-quarter earnings of 24 cents a share, in line with the

First Call

estimate. The company's operating earnings included a 2-cent nonrecurring item, meaning Nordstrom missed estimates by 2 cents a share. (

corrected May 14

)

A May 13 story,

All-Tech, On-Site Set To Go to the IPO Well, incorrectly reported that

On-Site Trading

doesn't carry positions overnight. In fact, the firm does allow its traders to hold positions overnight. (

corrected May 13

)

The May 12 Evening Update,

RJR Nabisco Sets Terms of Tobacco Spinoff, mistakenly reported that

Star Telecomm's

(STRX)

operating first-quarter earnings of 2 cents a share were above the year-ago 3 cents. The earnings were below the year-ago number. (

corrected May 13

)

The May 12

SiliconStreet column erroneously stated that analyst Henry Blodget had said last year that

Amazon.com

(AMZN) - Get Report

would rise to 67. Blodget actually had called for the stock to rise to 400, or a split-adjusted price of 133. (

corrected May 12

)

A May 10 story,

Dysfunction 101: The Fate of Zonagen's Impotence Pill, misidentified

CIBC World Markets

as

Oppenheimer

, its previous name. The story also mistakenly said the firm had done banking for

Zonagen

(ZONA)

. (

corrected May 11

)