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Wire: Internet Wire
built 133 days ago
Internet Wire uses the Internet and XML to feed releases to the media. It offers journalists categorized "channels" that they can sign up to receive, and the sender of a release selects which channels will carry that release. Some publications have content management systems, enabling reporters to get e-mails containing headlines with hyperlinks to the full release. Daily papers get real-time feeds of full stories.
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Dan Walton, VP of Technology, Sonoma Wire Works says, "Not only does RiffWorld.com showcase and connect musicians, it enables them to easily record songs together over the Internet. Bass players, guitarists, vocalists and more can make and record quality music together regardless of their locations and schedules. RiffWorld.com revolutionizes the way people create and enjoy music together."
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The news was picked up by Bloomberg and Dow Jones news wires, which use Internet Wire as a source of news. The stock fell to 43 from a previous day's close of 113-1/16 but mostly recovered after the hoax was discovered. Still, shares of the Costa Mesa, Calif.-based company closed at 105-3/4, down 7-5/16 and were the second-greatest net losers on the Nasdaq behind SDL Inc. (NASDAQ: SDLI).
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Terpin feels Internet Wire is better suited for full disclosure because of real time feeds into databases and financial media such as Yahoo and CBS Market Watch. He does admit that IW is not in MSNBC, and reaches Motley Fool but not the rest of AOL. He ... claims that PR Newswire does not reach CNN or Edgar.
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