"Cat Sinks Its Claws Into Services" (The Corporation, Dec. 5, 2005)
In "Cat sinks its claws into services" (Corporation, Dec. 5), the value of a 10-year contract that a Caterpillar Inc. (CAT
) division, Cat Logistics, signed recently with General Motors (GM
) Europe was incorrect. The contract will pay out nearly $100 million a year over 10 years, not a total of $100 million over that span.
"Filthy Rich, But Froogle" (Cover Story, Dec. 5, 2005)
In "Filthy rich, but froogle" ("Googling for gold," Cover Story, Dec. 5), we suggested that Carlo Panaccione, a high-net-worth manager, enrolled his daughter at a private school popular among Google Inc. (GOOG
) families as a way to meet prospective Google-employee clients. In fact, Panaccione's daughter was enrolled at the school well before the Google initial public offering, and his family's association with the school goes back much further. We regret the misunderstanding.
"I Hear A Symphony" (Technology & You, Dec. 5, 2005)
In "I hear a symphony" (Technology & You, Dec. 5), the hard-drive capacity of the Symphony music player is 80 gigabytes, not 60.
"The MySpace Generation" (Cover Story, Dec. 12, 2005)
In "The MySpace Generation (Cover Story, Dec. 12), BusinessWeek reported that Facebook.com is not profitable. A company spokesman says Facebook has been making money since January.
Copyright 2005, by The McGraw-Hill Companies Inc. All rights reserved.
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