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To: Premier who wrote (1685)	8/25/2000 11:48:19 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 100058

EMLX, nice find. 123jump.com had the earnings revision story timestamped 09:30, and they didn't relay the hoax. 08/25-09:30 IW Emulex Announces Revised Earnings 123jump.com COSTA MESA, CA, Aug 25, 2000 (INTERNET WIRE via COMTEX) -- Emulex Corp. (NASDAQ:EMLX), the world's largest supplier of fibre channel adapters, announced that last quarter's earnings will be revised and will fall short of previously announced Net income for the fourth quarter of fiscal will be revised to a loss $0.15 per diluted share, compared with net income of $3.0 million, or per diluted share, for the same quarter a year Earnings for Q4 were reported as $0.25 per share, due to compliance with generally accepted accounting principles, revisions were made. Net Earnings for fiscal 1998 and 1999 will also be revised. A press release with more detail will be submitted today at 5:00 pm EST. Briefing.com posts excuses: 11:45 ET Emulex (EMLX) : -- Update -- To respond to the inevitable questions, Briefing.com certainly does check rumors for accuracy, but when news is issued via press release from a credible press release organization, it is considered to be accurate as it is presumed to be from the company itself. In this case, the press release organization -- Internet Wire -- issued a press release in Emulex's name which was not in fact from Emulex. We have never seen such an incident before, and therefore have never had the reason or ability (there are thousands of releases each day) to check all releases. Briefing.com certainly regrets that we reported information that stemmed from a fake press release, but in our defense, we would note that this press release did come from a credible firm (Internet Wire) which does issue releases in the name of client firms. Furthermore, we attempt to keep readers up-to-date on what is moving stocks, and the word on trading floors was that newswire reports on Emulex were moving the stock. We tracked down the press release and reported what appeared to be news issued directly by the company.