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Pastimes : Business Wire Falls for April Fools Prank, Sues FBNers -- Ignore unavailable to you. Want to Upgrade?

To: John Sladek who wrote (3020)	6/20/1999 1:51:00 PM
From: Razorbak	Respond to of 3795

Here's another classic. #reply-10092049 Ooops! Razor datek.com

To: John Sladek who wrote (3020)	6/20/1999 2:16:00 PM
From: Janice Shell	Respond to of 3795

OH WOW!! Unbelievable! But I'm puzzled: wouldn't the first PR have to have been submitted through the DDEQ account in order to be accepted? And how could an ordinary shareholder do that?

To: John Sladek who wrote (3020)	6/20/1999 4:11:00 PM
From: Jeffrey S. Mitchell	Read Replies (4) \| Respond to of 3795

Wow! John, you just uncovered what appears to be yet another case of fraud disseminated over Business Wire (see our Motion to Strike for other alleged examples, to name a few). Seems to me Business Wire may have 1) Failed to verify the person who called in the news was authorized to do so for the DDEQ account, and may have 2) Failed to take any action to rectify the problem once it was brought to their attention (note that both press releases are still available on Yahoo whereas with the Webnode release BW made sure all copies were deleted from Yahoo). It also seems to me that if BW was indeed negligent that they may be able to be held liable for any resulting financial loss someone may have suffered as a result of the fraudulent release. Looking at the chart I see that the price rose from 3 5/8 to 4 at the end of Thursday and peaked at 4 1/8 on Friday after the allegedly fraudulent press release came out. The price hung around 4 until about 1pm when my guess is word start getting out that the morning release was indeed fraudulent. The actual retraction (issued by DDEQ and not by BW themselves) came out at 3:13pm. By the end of the trading day the price was a mere 3 1/4. That's a 21% loss! Seems like lots of people lost quite a bundle on the fraudulent release. It also seems reasonable to me that the alleged fraudulent release has hurt DDEQ's reputation and the price will fall further on Monday. - Jeff bigcharts.com

To: John Sladek who wrote (3020)	6/21/1999 12:35:00 AM
From: Bill Ulrich	Respond to of 3795

That's gotta be awfully embarrassing for BW. But it sure is nice knowing that all the problems of all my stocks can be fixed with a simple phone call to BW, to get out a press release in the company name. Obviously, they'll run anything! Hey—a new $250 million order for 3Com modems, 1000Ghz chips from Intel, and all of Qwest's competitors went BK? No Problem! We'll get it right out, for ya!! Ack. The lack of security or verification checks when one is running news which affects the market is pretty recklessly negligent. One wonders if [reference deleted] shouldn't be suing [reference deleted] instead…