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09-10-2008, 11:36 PM
Single Web Hit Led to UAL Glitch, Tribune Says
By SHIRA OVIDE
September 12, 2008; Page B4
Tribune (http://online.wsj.com/quotes/main.html?type=djn&symbol=trb) Co. said a glitch that temporarily crushed UAL (http://online.wsj.com/quotes/main.html?type=djn&symbol=ual) Corp. shares Monday was caused by a single Web hit on an old story on one of its newspaper's Web sites.
Tribune on Wednesday blamed Google (http://online.wsj.com/quotes/main.html?type=djn&symbol=goog) Inc.'s automated news collection for misreading the archived story about UAL's 2002 bankruptcy-court filing as fresh news.
Tribune's explanation is a further effort to shift blame for the recirculation of the story, which sparked a chain of events that shaved off about three-quarters of UAL's market value in 15 minutes of trading.
More ... http://online.wsj.com/article/SB122109238502221651.html?mod=googlenews_wsj
By SHIRA OVIDE
September 12, 2008; Page B4
Tribune (http://online.wsj.com/quotes/main.html?type=djn&symbol=trb) Co. said a glitch that temporarily crushed UAL (http://online.wsj.com/quotes/main.html?type=djn&symbol=ual) Corp. shares Monday was caused by a single Web hit on an old story on one of its newspaper's Web sites.
Tribune on Wednesday blamed Google (http://online.wsj.com/quotes/main.html?type=djn&symbol=goog) Inc.'s automated news collection for misreading the archived story about UAL's 2002 bankruptcy-court filing as fresh news.
Tribune's explanation is a further effort to shift blame for the recirculation of the story, which sparked a chain of events that shaved off about three-quarters of UAL's market value in 15 minutes of trading.
More ... http://online.wsj.com/article/SB122109238502221651.html?mod=googlenews_wsj