Did we ever sue the WSJ over their bashing of 'little hartcourt?'
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"Online Investors Fume Over Article About Hartcourt Cos.
By JASON ANDERS and AARON ELSTEIN
THE WALL STREET JOURNAL INTERACTIVE EDITION
December 30, 1999 11:46 p.m.
Investors have been fuming on stock-chat message boards this week over a recent Heard on the Net column about Hartcourt Cos., a holding company that is trying to become an Internet-trading powerhouse in China.
The article , published Dec. 22, outlined Hartcourt's troubled past as a marketer of nontobacco cigarettes, and later as a manufacturer of pens and magic markers in China. It noted the tremendous interest in the company on stock-chat sites such as Silicon Investor and Raging Bull, where the company has paid a promotion firm to talk about the stock.
Several investors who frequent those message boards wrote e-mail messages to The Wall Street Journal Interactive Edition, many arguing that the story focused too much on the company's past and neglected what they perceive to be a very bright future."
"Several of the investors went so far as to accuse the Interactive Journal of somehow being paid by short sellers to write a negative story on the company. (Short sellers profit by betting a stock's price will fall).
"I am writing the [Securities and Exchange Commission] and enclosing a copy of your article. I am asking them to check into whether ... the writer had financial incentive to write a negative portrayal of HRCT," wrote investor Henry Hintermeister."
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