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To: Paul Kern who wrote (7702)	4/11/2001 4:27:01 PM
From: Ted David	Read Replies (20) \| Respond to of 17683

Let me try it this way.... Let's say crude oil jumps a buck a bbl on rumors that Israel has been attacked by Iraq. What would you have us say as to why oil is up... while we are investigating the rumor? "It's up but we don't know why?" We DO know why. It's up on a rumor. We have no knowledge of the veracity of the rumor. We are not saying it is true or not, just telling you why oil is up. And this is not a matter of sensationalism or anything else. It is the only way to report it. Now, another, and different example. If a stock hasn't moved at all, and there's a rumor out there and someone reports that rumor, THAT in my estimation would be wrong. There would be no purpose in reporting a rumor if its existence has not had any effect and has not created anything newsworthy. But once there has been unexplained movement in a stock, and we learn there is a rumor responsible for that movement, then it is only right to report that. td