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Tuesday, August 22, 2006

Media Digest 8/22/2006


According to Reuters, the Chief Technology Officer of Time Warner unit AOL left the company after searching data on over 500,000 people was accidentally released.

Reuters reports that Ford will begin selling diesel versions of its Super Duty pick-up in 2007 as prices for gasoline cut into sales of the company's pick-up line.

SalesForce, which makes customer management software, has acquired Kieden Inc., which allows sales people to track leads through advertisements on Google, according to Reuters.

The Wall Street Journal reports that some large institutions including Fidelity and Wellington has sold Dell stock over concerns about the management skills of the computer maker's CEO.

The Wall Street Journal reports that the net income of home improvement retailer Lowe's rose 11% but same store sales were up only 3.3%. Wall St was disappointed when the company said that same store sales for the next quarter would be flat to up 2%.

BellSouth and Verizon will not cut DSL bills despite the fact that the Federal government has dropped the charges to the companies for services to rural areas and low-income parts of the country, according to the WSJ.

The New York Times writes that shares of auto parts maker Visteon dropped 9% on concerns that cutbacks at Ford will hurt the company's sales.

The New York Times reports that Canandian company Apotex claimed in court that Bristol-Myers violated an agreement for sales of a generic version of its big mony-maker Plavix. Bristol-Myers is claiming that it will suffer huge sales loses it the generic goes on sale.

According to the Associated Press, Cisco has bought on-demand television company Arroyo Video in an attempt to get into the business of delivering movies and other video content to consumers.

Douglas A. McIntyre

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