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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: David Aegis who wrote (18323)3/30/1998 8:05:00 PM
From: FJB  Read Replies (2) | Respond to of 70976
 
RE:There was no Ultratech warning. Dow Jones pulled excerpts of cautionary statements from the previous quarter's EPS press release and from the "Risk Factors" section UTEK's newly-released 10-K to do a hatchet job on UTEK.

Dow Jones did that? Seems a little unethical - it's a newswire for goodness sake and two month old earnings reports don't qualify as news in my book.

Thanks a lot for the info David. Very interesting.

Bob



To: David Aegis who wrote (18323)3/30/1998 10:23:00 PM
From: Kevin Firth  Respond to of 70976
 
>There was no Ultratech warning.< The report on the news wires is wrong. David, great job following up with IR to identify this false report.

Compare the Dow Jones article with the news wire report.

From the Dow Jones article:
"Ultratech may also report first- and second-quarter net income and sales less than the fourth quarter of 1997, Federal Filings Business News said." (Federal Filings Business News is a Dow Jones subsidiary.)

From the wires about the Dow Jones article:
"15:46 [UTEK] ULTRATEK STEPPER SEES Q1, Q1 SALES, NET ALSO BELOW PRIOR Q4 LEVEL."

We should be suspicious when the news wire report incorrectly spells the name of the company. It's "ultraTECH", not "ultraTEK".