Media Digest 5/31/2006
Stocks: (GM)(VOD)(TWX)(CMCSA)(VG)(XMSR)(FRE)(CA)(NRG)(MIR)
Reuters reports that Lenovo Group, the world's third largest PC company, would have profits in 2006 that would not be below 2005.
Reuters also reports that a small cable programming company, The American Channel has sued TimeWarner and Comcast accusing them of "big-rigging" in their purchase of Adelphia. The suit says that this would keep unaffilated networks off the cable system.
Reuters writes that Vonage will pay back the bankers in its IPO if Vonage customer who bought stock do not pay for their shares. The price dropped sharply after the offering and is now down almost 27%.
Reuters also writes that XM Satellite Radio will stop selling two of its radio products "after a U.S. regulator said the devices exceeded limits for wireless signal strength".
The Wall Street Journal reports that Freddie Mac (FRE) reported a 27% drop in net income in 2005 to $2.13 billion.
The WSJ also reports that Vodafone will shift its focus to broadband internet access and away from international acquisitions of cell phone operations. The company is the world's largest cell phone operator.
The Journal also writes that Computer Associates will delay its annual report "because of additional work on sales commissions and income taxes".
The WSJ also reports that NRG Energy has rejected an offer of nearly $7.9 million from Mirant, another power generation company.
In the New York Times, GM has named the head of its Asia division to run its troubled North American operations.
The NYT also reports that Vodafone had an annual loss of $41 billion which "would qualify as the largest in recent European corporate history".
Douglas A. McIntyre
Reuters reports that Lenovo Group, the world's third largest PC company, would have profits in 2006 that would not be below 2005.
Reuters also reports that a small cable programming company, The American Channel has sued TimeWarner and Comcast accusing them of "big-rigging" in their purchase of Adelphia. The suit says that this would keep unaffilated networks off the cable system.
Reuters writes that Vonage will pay back the bankers in its IPO if Vonage customer who bought stock do not pay for their shares. The price dropped sharply after the offering and is now down almost 27%.
Reuters also writes that XM Satellite Radio will stop selling two of its radio products "after a U.S. regulator said the devices exceeded limits for wireless signal strength".
The Wall Street Journal reports that Freddie Mac (FRE) reported a 27% drop in net income in 2005 to $2.13 billion.
The WSJ also reports that Vodafone will shift its focus to broadband internet access and away from international acquisitions of cell phone operations. The company is the world's largest cell phone operator.
The Journal also writes that Computer Associates will delay its annual report "because of additional work on sales commissions and income taxes".
The WSJ also reports that NRG Energy has rejected an offer of nearly $7.9 million from Mirant, another power generation company.
In the New York Times, GM has named the head of its Asia division to run its troubled North American operations.
The NYT also reports that Vodafone had an annual loss of $41 billion which "would qualify as the largest in recent European corporate history".
Douglas A. McIntyre
posted by douglas mcintyre at 4:29 AM
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