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Thursday, July 27, 2006

Media Digest 7/26/2006


According to Reuters, the music company EMI has decide not to buy rival Warner Music. The news took EMI shares down as much as 7%

Reuters said that Royal Dutch Shell's profits rose 36% in the second quarter, beating analyst estimates.

Reuters writes that GM's financial results put less pressure on the company's management to enter a three was partnership with Renault and Nissan.

According to the Associated Press, Sony had a profit of $276 million in the quarter that ended in June compared to a loss in the year ago period. Revenue rose to $14.9 billion. Sales at Sony pictures were up 42% due primarily to the movie "The Da Vinci Code".

According to the Wall Street Journal, five large telecom equipment manufacturers will introduce next-generation product that will have support for Internet Protocol Multimedia Services which will allow their customers to support voice, data and video services as consumers move from cellphones to PCs to TVs. The systems are initially being created for phone giant Verizon. The companies that will offer the technology are Cisco, Lucent, Motorola, Nortel, and Qualcomm.

The WSJ reports that Alcatel's profits dropped 8%. The telecom equipment manufacturer had declining margins in its wireless infrastructure business. The company said its profit would not change much next quarter as it competes with rivals like lower price Chinese manufacturers.

WSJ reports that the net at Siemens doubled to $1 billion, as results improved partially due in part to the sale of its money-losing mobile phone unit which it sold to Taiwan's BenQ.

The New York Times reports that Microsoft will market software designed for the health care industry. The company has purchased a company that makes clinical healthcare software which was developed by doctors.

The New York Times reports that Boeing swung to a lose in its last quarter due to costs of settling legal issues around ethics violations.

Douglas A. McIntyre

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