TheStreet.com's Fuchs and Barron's Savitz in a tiff
August 12, 2007
Posted by Chris Roush
Apparently Barron’s writer Eric Savitz didn’t take too kindly to TheStreet.com’s Marek Fuchs criticizing him for writing the same story about Microsoft stock over and over again.
Fuchs wrote, “He first said that my coverage was obnoxious. To this, I must say: I resemble that accusation. But beyond that, he only had one point I agreed with — and even that was pretty close to semantics.
“Savitz held my hand through Microsoft’s middling stock performance in a great market. He went over its revenue and profit growth and compared it with other software companies, all to prove to me that his call on Microsoft hadn’t been terrible.
“But his call was that Microsoft was a growth stock. That has been a bad one — and once again, my major criticism was not that he misled investors with his (so far, misguided) call but that he misled them by not letting them know it was the third time that he had been making the same precise call without being right. (He knew enough to do this in his second article, by the way, but dropped it by the third.)”
Read more here. Savitz full response can be found here.
OLD Media Moves
TheStreet.com's Fuchs and Barron's Savitz in a tiff
August 12, 2007
Posted by Chris Roush
Apparently Barron’s writer Eric Savitz didn’t take too kindly to TheStreet.com’s Marek Fuchs criticizing him for writing the same story about Microsoft stock over and over again.
Fuchs wrote, “He first said that my coverage was obnoxious. To this, I must say: I resemble that accusation. But beyond that, he only had one point I agreed with — and even that was pretty close to semantics.
“Savitz held my hand through Microsoft’s middling stock performance in a great market. He went over its revenue and profit growth and compared it with other software companies, all to prove to me that his call on Microsoft hadn’t been terrible.
“But his call was that Microsoft was a growth stock. That has been a bad one — and once again, my major criticism was not that he misled investors with his (so far, misguided) call but that he misled them by not letting them know it was the third time that he had been making the same precise call without being right. (He knew enough to do this in his second article, by the way, but dropped it by the third.)”
Read more here. Savitz full response can be found here.
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