Oct. 18-24

<I>TSC</I> corrects its mistakes.
Author:
Publish date:

An Oct. 21 story,

IBM Tumble Shows Investors Quick to Punish Stumbling Companies, misattributed the following quote: "The truth is, preannouncements can create a dark cloud over a company's stock for a very long time. ... Confidence has to be restored by results. Look how long it's been that Gillette's (G:NYSE) been in the doldrums. Many of us thought that by jumping after it posted its initial decline, we'd look like heroes. We didn't. We looked like goats." That was said by Hugh Johnson, chief investment officer at

First Albany

, not Gary Helmig of

Soundview Technology Group

, as originally written.

(corrected Oct. 22)

An Oct. 21 column,

The Bears Planned a Party, and If You RSVP'd, You Might Be Feeling Down, failed to disclose that author

James J. Cramer's

firm,

Cramer Berkowitz

, was long

Sun Microsystems

(SUNW:Nasdaq) at the time of publication.

(corrected Oct. 21)

An earnings table in the Oct. 19 Evening Update,

Microsoft, Heavy Slate of Earnings Dominate After-Markets, incorrectly said

Teradyne

(TER:NYSE) reported a third-quarter loss of 31 cents a share, compared with a five-analyst estimate of a 35-cent loss and a year-ago loss of 53 cents. The company actually earned 35 cents a share in the third quarter, beating the 16-analyst expectation of a 31-cent profit and the year-ago 10-cent profit. The table also incorrectly said Teradyne was traded on the

Nasdaq Stock Market

. (

corrected Oct. 20

)

An Oct. 19 story in the

Cracking the Books II series,

Gillette's Cash Management Sets Some Observers on Edge, mistakenly reported that inventories of the kind carried by

Gillette

(G:NYSE) must be depreciated. Only fixed assets, such as plant and equipment, can be depreciated. (

correct Oct. 19

)

An Oct. 18 story,

BellSouth May Connect With Wireless as a Catch-Up Play, mistakenly reported that

Merrill Lynch

had no underwriting relationship with

BellSouth

(BLS:NYSE). In fact, Merrill Lynch has underwritten for BellSouth. (

corrected Oct. 18

)

An Oct. 17 markets story,

NiSource Hikes Its Bid for Columbia Energy, incorrectly said Tom Galvin of

Donaldson Lufkin & Jenrette

predicts the

Dow Jones Industrial Average

will reach 13,000 by year's end. Galvin sees the Dow at that level at the end of 2000. (

corrected Oct. 18

)

The Wake-Up Watchlist section of the Oct. 18 Wake-Up Call,

Stocks on Shaky Footing This Morning After Last Week's Bloodletting, and an item in the Oct. 18

Briefing Room incorrectly said

Nextel

(NXTL:Nasdaq) reported third-quarter earnings of $1.10 a share, a penny shy of the

First Call/Thomson Financial

estimate and down from the year-ago $1.56. In fact, Nextel reported a third-quarter loss of $1.10 a share, a penny narrower than the estimate and narrower than the year-ago loss of $1.56. (

corrected Oct. 18

)