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Strategies & Market Trends : The Thread
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To: Mary Baker who wrote (11477)8/25/2000 11:22:02 AM
From: MulhollandDrive  Read Replies (2) of 49816
 
11:14 ET Emulex (EMLX) : -- Update -- Appears that the fake Emulex press release began on Internet Wire, a privately held company that has a number of big-name VC firms behind it. Internet Wire is apparently positioning itself as a PRNewswire and Business Wire competitor, and notes on its site that its content is distributed to sites such as Bloomberg and Comtex -- these were the sources that trading floors mentioned for the news this morning. Unlike past hoaxes that were initiated in chat rooms, this one appears to have come from an actual wire service, which explains how it gained credibility so quickly.>>
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