ADVISORY/ITXC Earnings Mis-Stated in Dow Jones and Reuters Reports.Assignment & News Editors/Hi-Tech Writers ADVISORY... PRINCETON, N.J.--(BUSINESS WIRE)--Feb. 14, 2001 ITXC (Internet Telephony Exchange Carrier Corporation, Princeton, NJ, www.itxc.com) The largest IP exchange carrier in the world. ITXC was acquired by wholesale telco provider Teleglobe Bermuda Ltd. in 2004 and then by Videsh Sanchar Nigam Ltd. Corp (Nasdaq: ITXC) released year-end and quarterly earnings last evening after the market closed. In reporting those results, Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance news service transposed trans·pose v. trans·posed, trans·pos·ing, trans·pos·es v.tr. 1. To reverse or transfer the order or place of; interchange. 2. the 1999 and 2000 year-end figures, as well as the tables, giving a false impression of the Company's results. Reuters incorrectly reported that ITXC had missed analysts estimate per share for 4th quarter earnings, when in fact, as later corrected by Reuters, the Company exceeded those expectations. Please use the Company's press release as it was distributed by BusinessWire and be aware that incorrect versions may still be available on the Internet. Reporters and editors are welcome to speak directly with CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tom Evslin and CFO See Chief Financial Officer. Ed Jordan for further clarification before writing any coverage of the earnings. Please call Frances Ianacone or Jennifer Cannell at +1.609.750.3276 or email at fianacone@itxc.com to arrange an interview. |
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