Fw: An unusual Internet stock madness side effect

Alex LoCascio alexlocascio at juno.com
Sat Dec 5 02:46:54 PST 1998


--------- Forwarded message ---------- From: David Brake <derb at well.com> To: silent-tristero at world.std.com Date: Sat, 05 Dec 1998 17:12:50 +0000 Subject: An unusual Internet stock madness side effect Message-ID: <199812051728.MAA14046 at k12-nis-2.bbn.com>


>From http://www.wired.com/news/news/business/story/16609.html

"Ticketmaster Online-CitySearch's initial public offering later today will raise a whopping US$98 million for the online entertainment guide. It also bolstered the fortunes of a tiny office cleaning company in Manhattan, thanks to a misprint.

Ticketmaster's stock is slated to trade under the symbol TMCS. But Reuters and ZDNet mistakenly printed the symbol as TMCO in their coverage of the IPO.

(TMCO) is the stock symbol of Temco Service Industries International. Because of the erroneous reports, the stock zoomed to an all-time high of $65 from $23." -- David Brake, Internet Journalist http://www.well.com/user/derb/

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