Zero Integrity from Our Financial Press!!

Blogged on the issue of Where is the Integrity of Our Financial Press?

In that blog posting, I questioned the integrity of the journalist who had a history of quoting 'according to sources' throughout his editorials.

This is what I wrote:

Today, 2nd Dec 2006, the same reporter has another article.

TM eyes Time dotCom

THE board of Telekom Malaysia Bhd (TM) is expected to deliberate on a proposal this week, one that it has been mulling for some time now. Sources say the state controlled elecommunication giant is considering a plan to acquire a 42.7% stake in Time dotCom Bhd from its parent
Time Engineering Bhd.

Incredible a lot of folks knew that this article was going to be published today!!!! (look at the nice run Time dotCom had on yesterday!)

Same style, same shenanigans from the journalist.

THE board of Telekom Malaysia Bhd (TM) is expected to deliberate on a proposal this week, one that it has been mulling for some time now. Sources say the state controlled telecommunication giant is considering a plan to acquire a 42.7% stake in Time dotCom Bhd from its parent Time Engineering Bhd.

Expected? Sources say?

These aren't factual reporting is it?

Again where is the integrity of OUR financial presss?

BizWeek understands that the offer price for some 1.1 billion Time dotCom shares, although yet to be finalised, may be in the region of RM1 and RM1.20 per share. A decision is expected to be made soon.

Woah!!!!

BizWeek understands?

>>>

Hmm... I wonder where is the Editorial team when yet again the party mentioned in the FINANCIAL NEWS denied the write-up today!!

Article in the Star entitled "TM eyes Time dotcom" and the Article in The Edge Malaysia, entitled "Now it's TM to buy Time"

Quote:

• We wish to inform the Exchange that the above statements are inaccurate and misleading and they were not attributed to any sources from Telekom Malaysia Berhad (TM). We further wish to state that TM has no plan currently to acquire a stake in Time dotCom nor Time Engineering Berhad and that there is no Board of Directors meeting scheduled this week as erroneously reported.
  
  For the record, TM Group owns the largest network of fibre optic cables in Malaysia totaling more than 220,000 core kilometers.

So come on Jose, Show ME your SOURCE!!!

And did you watch that movie on Astro called SHATTERED GLASS?

You really should!

Look at the drastic U-TURN Timedotcom did today!

See the unreal danger when OUR financial press writes 'according to un-named sources'?

Are the sources even REAL?

I wonder!!

btw... i saw this other announcement.

TIME ENGINEERING BERHAD ("TIME" OR "THE COMPANY") DISPOSAL OF 54,126,800 ORDINARY SHARES OF RM1.00 EACH IN TIME DOTCOM BERHAD

We wish to announce that TIME has further disposed a total of 54,126,800 ordinary shares of RM1.00 each in TIME dotCom Berhad ("TdC") in the open market from 27 October 2006 to 4 December 2006 for a total net consideration of RM 44.5 million ("the Disposal").


Woahhhhh!!!!!

A party disposing shares of Timedotcom like crazy!!!

I wonder!

I really wonder!