To: 16yearcycle who wrote (75935 ) 7/9/2000 5:08:55 PM From: gdichaz Read Replies (1) | Respond to of 152472 Gene: There were two "reports" from Korea which were cut and paste from statements made the Friday before (almost a week earlier) which were presented as if just made that day or the previous day in an entirely different context, and statements which claimed to be from government and press sources which had not been made (at least publicly) by either; yet the stories contained them as if both the companies and the government had already decided. One from Bloomberg (reversing an earlier "report") and another from Dow Jones. In fact, neither the companies nor the government have reached any final decision, and there has certainly been no consensus decision reached between them. The Korean press has not reported as alleged, so the "reports" in Bloomberg and Dow Jones which implied that the US press stories "reflected" Korean stories were false. In fact, the Korean press has not even through today published stories on which the Bloomberg or Dow Jones stories could be based. Again a falsity. What to do? The intent apparently was to push Qualcomm stock down Friday. (No direct evidence of that of course. Just a common sense conclusion, since why else put out such internally inconsistent cut and paste stuff as a serious "report"[sic.]). That was successful. So now what? Given the protections in our constitution which is now used by the press as a license to lie with impunity as in this case apparently, how can a lawsuit succeed. It probably can't. But somehow, someway, there ought to be a way to obtain at least a correction to the falsity. Again, unlikely given the apparent immunity of the press even if it fails to "report" with even a slight modicum of fairness or accuracy. That these stories were egregiously inaccurate is clear. That they were made up by cutting and pasting is pretty obvious, but probably not legally provable. In fairness to Bloomberg, Bloomberg made available interview time (note in the afternoon after their story had "worked"), but at least Dr J was able to present his case without constant interruption and he was given time to make his points. Now what has Dow Jones done in a similar way? To my knowledge, nothing. In fact the misreporting continues in the Wall Street Journal. Would a boycott of Dow Jones publications and "services" be a practical possibility or what other alternative to a lawsuit might be worth considering? To let Dow Jones get away with this when it is allegedly a "financial news service" on which people should be able to rely for accurate reporting, seems hard to swallow even in these times or lowest common denominator, relativism and "who cares" as the mantra. But I for one am not holding my breath for a Dow Jones apology or retraction. To Dow Jones truth appears to be a word, not a standard to strive for. Sadly, Chaz