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Wednesday, August 23, 2006

Media Digest 8/23/2006 Reuters, NYT, WSJ


According to Reuters, Gateway has received an offer of $450 million for its retail operations. The letter, from the former owner of eMachines, also offered explore buying the entire company.

French car company Renault said it would not comment on word that Ford CEO Bill Ford has called Renault chairman Carlos Ghosn to talk about possible partnerships, according to Reuters.

Reuters writes that IBM will open four offices annually in China's second tier cities to take advantage of expanding business in the company and the talent pool of tech workers there.

Reuters also reports that Microsoft, in the face of an antitrust ruling, will begin offering a stripped down version of Windows in that country.

Sony has announced that it will buy video sharing site for $65 million as another sign that large media is looking at the relatively new user generated businesses on the web, according to Reuters.

According to Reuters, Sun Microsystems regained the No. 3 place in sales of servers worldwide during the second quarter passing Dell. Sun was also the only company to gain market share moving to 12.9% in Q2 from 11.2% a year earlier.

According the the Wall Street Journal, KB Homes is reviewing past stock option grants to its chairman.

The WSJ writes that Microsoft will be the exclusive provider of advertising to FaceBook, the social networking website.

According to the New York Times, Coke and Pepsi are struggling to gain back sales in India after "allegations of pesticide contamination in their drinks."

The New York Times writes that analysts upgraded shares of several tech stocks including Advanced Micro Devices and XM Satellite Radio.

Douglas A. McIntyre

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