Oct. 25-31 - TheStreet

Oct. 25-31

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

An Oct. 28 Bond Focus,

Long Treasury Yield Hits Two-Week Low on Muted Inflation Data, transposed the actual third-quarter

GDP

result and the average forecast. Third-quarter GDP advanced at a 4.8% pace; the forecast was for a 4.7% pace. (

corrected Oct. 29

)

An Oct. 12 story,

As Mexico Recovers From Natural Disaster, Investors Look to the Banking Sector, mistakenly identified Jose Garcia Cantera as an economist at

Salomon Smith Barney

. In fact, he is a Latin American equity research analyst at Salomon. (

corrected Oct. 29

)

An Oct. 28 story,

Ericsson, Siemens Face Currency Quandary as Networking Deals Abound, incorrectly referred to Unisphere, a Siemens (SMAWY:Nasdaq ADR) unit, as Uniphase.

(Corrected Oct. 28)

An Oct. 26 story,

eBay Beats Estimates but Stock Takes a Bath, mistakenly reported that

Amazon.com

(AMZN:Nasdaq) entered the online auction business before

Yahoo!

(YHOO:Nasdaq). In fact,

Yahoo! Auctions

was launched in September 1998, six months before

Amazon.com Auctions

. (

corrected Oct. 28

)

An Oct. 28 story,

Gap Shares Rally as CEO Takes Charge of Struggling Gap Unit, mistakenly reported that

Millard Drexler

founded the

Gap

(GPS:NYSE). In fact, Drexler was hired as president of the Gap division in 1983. The company was founded in 1969. (

corrected Oct. 28

)

The Oct. 26 Evening Update,

eBay Plummets After Hours; GTE Sells Oklahoma Properties, incorrectly said

Active Software's

(ASWX:Nasdaq) third-quarter loss of 12 cents a share missed estimates. The loss was narrower than the three-analyst

First Call/Thomson Financial

estimate of 15 cents a share. The estimate of a 4-cent loss is for the third quarter of 2000. (

corrected Oct. 27

)

An Oct. 26 story,

The Anglo File: ARM Races Ahead After Deal With Intel, incorrectly said that

Intel

(INTC:Nasdaq) already had the rights to make

ARM Holdings

(ARMHY:Nasdaq ADR) microprocessors following its purchase of

DSP Communications

. In fact, Intel initially acquired the rights to make ARM microprocessors when it bought

Digital Equipment's

chipmaking operations.

In addition, a stock chart with the story mistakenly illustrated ARM's stock price moves on the Nasdaq from April 1998 through October 1998. It meant to illustrate the stock's moves from April 1998 to present. The correct chart has been substituted. (

corrected Oct. 27

)

Nothing but Net stories

Net Stocks Down Slightly Amid Flurry of Earnings, from Oct. 26,

Net Stocks Close Higher as Bonds and Stocks Cut Losses, from Oct. 25, and

Net Sector Remains Bright Spot in a Negative Market, also from Oct. 25, incorrectly stated that

priceline.com

(PCLN:Nasdaq) would report quarterly earnings on Tuesday, Oct. 26. In fact, priceline.com moved its reporting date to Thursday, Oct. 28. (

corrected Oct. 26

)

The Oct. 20 Evening Update,

IBM's Earnings In-Line, AOL's Beat the Street in After-Market, incorrectly compared

Ingersoll-Rand's

(IR:NYSE) third-quarter earnings from continuing operations of 80 cents a share with the 18-analyst First Call/Thomson Financial estimate of 83 cents. The estimate took into account discontinued operations, so the net income comparable to the estimate was 83 cents a share. (

corrected Oct. 25

)