Media Digest 6/20/2006
Stocks: (VG)(VZ)(IBM)(MOT)(SI)(MT)(ALA)(LU)(NT)(YHOO)(AAPL)(MSFT)
(PCW)(LVLT)(BWNG)(GLBC)(TOL)
According to Reuters, Vonage announced that is had been sued for patent infringement by Verizon. The suit covers seven patents for voice over IP.
Reuters writes that IBM has developed a new transistor that is 100 times faster than current technology. In the future, this could allow for ultra-fast computers and wireless networks.
Reuters also reports that Motorola has announced a new set of cell phone handsets priced under $100 for emerging markets including China.
Reuters also writes that steel company Mittal says it is increasingly confident that its acquisition of Arcelor, another steel concern, will be completed.
Reuters reports that the merger of the telecommunications network equipment units of Nokia and Siemens and the merger of Lucent and Alcatel is putting pressure on companies like Motorola and Nortel to pursue consolidations of their own.
Reuters writes that the Yahoo!Messenger program will allow users to embed programs in it, including calendar functions and videos. Yahoo! hopes that the move will make it easier for users to collaborate with one another using multiple applications.
According to the Wall Street Journal, Siemens is in talks to sell the majority stake in its enterprise unit. The division has $4.4 billion in annual sales.
Th WSJ also writes that movie studios are having success bringing content to the Apple iPod and are also talking with Microsoft about supplying films to the rival devices being built by Microsoft.
The WSJ writes that Macquarie Bank Ltd. of Australia has submitted a bid for PCCW's key telcom and media assets.
WSJ also writes that investors are buying the depress shares of mid-sized telecom companies including Global Crossing, Level 3 and Broadwing based on assumptions that the stocks will recover from the sharp dip they took in the recent market sell-off.
The WSJ writes that shares of D.H. Horton and Toll Brothers dropped yesterday on reports of a slowdown in the housing market. Horton was off over 3% to $29.10 and Toll Bros. was down2% to $26.54.
The New York Times writes that Circuit City announced financial results that beat Wall Street estimates. But, the companies shares fell almost 3% to $28.63.
NYT also reports that Apollo Group, which operating online education business, received a subpoena from the U.S. Attorney regarding its stock option grants.
Douglas A. McIntyre
(PCW)(LVLT)(BWNG)(GLBC)(TOL)
According to Reuters, Vonage announced that is had been sued for patent infringement by Verizon. The suit covers seven patents for voice over IP.
Reuters writes that IBM has developed a new transistor that is 100 times faster than current technology. In the future, this could allow for ultra-fast computers and wireless networks.
Reuters also reports that Motorola has announced a new set of cell phone handsets priced under $100 for emerging markets including China.
Reuters also writes that steel company Mittal says it is increasingly confident that its acquisition of Arcelor, another steel concern, will be completed.
Reuters reports that the merger of the telecommunications network equipment units of Nokia and Siemens and the merger of Lucent and Alcatel is putting pressure on companies like Motorola and Nortel to pursue consolidations of their own.
Reuters writes that the Yahoo!Messenger program will allow users to embed programs in it, including calendar functions and videos. Yahoo! hopes that the move will make it easier for users to collaborate with one another using multiple applications.
According to the Wall Street Journal, Siemens is in talks to sell the majority stake in its enterprise unit. The division has $4.4 billion in annual sales.
Th WSJ also writes that movie studios are having success bringing content to the Apple iPod and are also talking with Microsoft about supplying films to the rival devices being built by Microsoft.
The WSJ writes that Macquarie Bank Ltd. of Australia has submitted a bid for PCCW's key telcom and media assets.
WSJ also writes that investors are buying the depress shares of mid-sized telecom companies including Global Crossing, Level 3 and Broadwing based on assumptions that the stocks will recover from the sharp dip they took in the recent market sell-off.
The WSJ writes that shares of D.H. Horton and Toll Brothers dropped yesterday on reports of a slowdown in the housing market. Horton was off over 3% to $29.10 and Toll Bros. was down2% to $26.54.
The New York Times writes that Circuit City announced financial results that beat Wall Street estimates. But, the companies shares fell almost 3% to $28.63.
NYT also reports that Apollo Group, which operating online education business, received a subpoena from the U.S. Attorney regarding its stock option grants.
Douglas A. McIntyre
posted by douglas mcintyre at 4:23 AM
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