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Tuesday, August 15, 2006

Media Digest 8/15/2006 Reuters, NYT, WSJ


According to Reuters, Dell will recall 4.1 million laptops due to battery overheating problems. It is the largest recall in the company's history. The batteries were made by a unit of Sony which also makes batteries for Hewlett-Packard and Apple.

Reuters writes that Swiss-based Xstrata has taken control of Canadian miner Falconbridge. Xstrata said that it now owns 93% of the company.

Reuters writes that UBS had strong second quarter earning but warned that weak markets could hurt results for the second half. Net profit jumped 48% to $2,54 billion.

Reuters writes that Microsoft has warned game developers that its PC games are now the targets of criminals. Online game accounts may be a target of organized crime.

Reuters writes that Dell and HP are hoping back-to-school sales will fuel their results for the
current quarter.

Reuters writes that HealthSouth is taking to private equity companies about buying its surgery and outpatient units.

The Wall Street Journal writes that Comverse's former CEO, charged in the stock-options scandal, has disappeared and its presumed to be a fugitive from justice.

Jones Apparel, which was for sale, is closing the process to find a buyer without finding suitable company to take the company over, according to the WSJ.

The WSJ says that BP is considering alternate pipeline routes in an attempt to reopen its oil production in Alaska by October.

The WSJ also reports that CA, the former Computer Accociates, said that profits has dropped 64% in the most recent quarter.

The WSJ also reports that AMD is releasing a new version of its Opteron chip in a bid to keep its share of the server market which is bein attacked by Intel. The chip offers a 10% to 20% advantage in performance. The next step in the competition between the two companies will be Intel's release of its dual core chips, due before the end of the year.

The NYTimes says that the Justice Department is investigating a deal between Bristol-Myers and Sanofi-Aventis on their drug Plavix. Justice is examining whether the two companies were negotiating a secret deal with generic maker Apotex to keep a generic version of the drug off the market. The deal would have kept Plavix prices high.

The NYT reports that News Corporation will start selling its movies and TV shows online using the Microsft operating system for portable devices.

Douglas A. McIntyre

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