In Brief: Sep. 4, 2000

WEB HOAX Shares of Emulex Corp. plunged some 67% last Friday, after a fake press release appeared on the Internet Wire site. It was soon picked up by other media, and the rout was on. The stock recovered, but some investors were burned. The lesson: if the news is sensational, check the source or the company's website. Second lesson: once a panic starts, if you're not out first, you're toast.

STATE AFFAIRS IRA products generally offer more investment options than traditional 401(k)s. But beware that unlike your 401(k) plan, IRA products do not offer federal protection from creditors. While some...

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