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"Memo To: Ed Zander" (News: Analysis & Commentary, Dec. 29, 2003)


"Fannie is watching its back" (Capital Wrapup, Jan. 12) misstated the size of a Fannie Mae (FNMA) accounting error. The company made a $1.1 billion restatement in 2003, not $5 billion. "Memo to: Ed Zander" (News: Analysis & Commentary, Dec. 29) said that Motorola Inc.'s (MOT) wireless-networks operation lost $322 million over the first nine months of 2003. This is incorrect. The networks operation earned $109 million over the first nine months of 2003.


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