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

To: Jeffrey S. Mitchell who wrote (3344)	7/30/1999 5:09:00 PM
From: Biomaven	Respond to of 3795

Good news on the ticker spamming front (but not of course from our special friends): Headline: PR Newswire Takes Aim at 'Ticker Spamming' Practices ====================================================================== HOLLYWOOD, Calif., July 30 /PRNewswire/ -- Emerging Company Report, the nationally syndicated television program which profiles emerging-growth companies (http://www.emergingcompany.com), features interviews this week with PR Newswire and SecurFone America, Inc. (BB: SFAI). PR Newswire VP of Sales and Service Dave Armon described the practice of "ticker spamming." "A press release will be issued with news about a particular company, usually a small one," he said. "Later in the same press release, there may be erroneous references to much larger companies that have nothing whatsoever to do with the smaller company, but those references are placed there in the hope the story will be indexed to the stock quotes of the larger companies. PR Newswire has taken an aggressive position to omit such references from releases we publish. In some cases we actually remove offenders from our membership."