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
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