Bloomberg Target Of internet Hoax That Affected Stock Prices Last Week

SPECIAL REPORT

NEW YORK--Bloomberg last week became the target of an Internet hoax when a news story, presented on a web site identified as Bloomberg.com, falsely reported a buyout agreement that moved the stock of the company in question.

The news, which said that Calif.-based Pairgain Technologies was being taken over by rival ECI Telecom of Israel in a deal valued at over $1 billion, was posted on Yahoo!'s finance message boards with the headline "Buyout News". The message provided an electronic link to a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here