Press Summary 5/25/2006 INTC, RF, ASO, MSFT, TASR, XMSR, SIRI, CBS, TIVO, CNET, ADI, POWI, MEDX

According to Reuters, Intel will not have an IPO for its memory chip business. Bertelsmann has agreed to buy-out minority holder GBL to avoid a public offering, according to the news service. Reuters also reported that the PC firm, Lenovo Group, has poor earnings losing $116 million in the fourth quarter. Profits was also down sharply for the year. Reuters also said the the MasterCard IPO will be priced below the expected level at $39, not the $40 to $43 expected.

According to the Wall Street Journal, Regions Financial will merge with AmSouth, creating the 10th largest bank in the U.S. Microsoft is in talks to buy Third Screen Media, which provides advertising to cellphone, according to the paper. The WSJ also said that XM Radio was cutting its year-end subscriber targets from 9 million to 8.5 million and its full-year revenue forecast from $860 million to $835 million. WSJ aslso says that CBS has settled it lawsuit with Howard Stern who now works for Sirius. Also, Tivo widened its loss in the last quarter because of lower prices on its digital video recorders.

The New York Times reports that the safety of Tasers is being questioned by a Wisconsin scientist. The paper said that the sotck options inquiry by the SEC and federal prosecutors had hit four more companies, Analog Devices, CNet, Power Integrations, and Medarex.