Corrigendum

In a story on Educomp (Learning a Lesson, issued dated July 6, 2014), we made three errors. We regret them. We said there were 25 cases against Educomp in Karnataka and concluded that customers were unhappy with the company's products. As it turns out, around 25 schools came together in a press conference complaining about Educomp's products and not all of them have filed cases against the company. Educomp tells us there are four cases against it in Karnataka and it has 2,000-plus schools as clients in the state.

We further erred in the number of schools in which Educomp's SmartClass product was installed in 2011/12; we gave the number of 9,575, while the correct figure is 12,652.

And, while making the stock price erosion calculations, we didn't take into account a stock split in October 2009. If that had been taken into account, the share price would have appreciated 12 per cent and not depreciated 75 per cent as we said. We have removed the story from our website.