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Wednesday, August 09, 2006

Media Round-Up 8/9/2006


According to Reuters, Cisco's revenue and earning were above expectations, driving the stock up 9%. Revenue rose to $7.98 billion from $6.6 billion a year ago.

The Wall Street Journal reported that federal authorities are going to file criminal charges against former executives at Comverse Technologies as part of the stock option scandal.

Reuters writes that profits were up at News Corp. Fiscal fourth quarter profit was $852 up from $717 a year earlier. Sales at the Fox New channel were particularly strong.

According to the Wall Street Journal, Pixar executives received stock options priced at the stock's annual lows several times. Cablevision also revealed that it was reviewing its option grants.

The WSJ writes that Aramark will be acquired by private equity interests for $6.3 billion.

The WSJ also writes that Canadian firm Apotex has released a generic version of the popular drug Plavix. The release could harm revenue at Bristol-Myers Squibb and Sanofi-Aventis.

The New York Times writes that Sprint will build an internet backed network using WiMax technology, a major win for its primary champion, Intel.

DirecTV had a large increase in its net while revenue rose 10%. Net rose to $459 million from $162 million in the year ago period.

Douglas A. McIntyre

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