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Wednesday, September 20, 2006

Media Digest 9/20/2006 Reuters, NYT, WSJ


According to the New York Times, Hewlett-Packard considered putting spies into newsrooms to try to detect news leaks from its board of directors.

According to Reuters, big media talked up their new media strategies yesterday at a conference, even as Yahoo! warned on its third quarter results.

Reuters writes that Oracle topped it forecasts for the most recent quarter, driving its stock up to a four-year high.

According to Reuters, Nokia will introduce its new 3G phones with two cameras and the ability to play video.

According to the Wall Street Journal, Yahoo! warned on softness in financial and auto advertising and its shares plummeted 11%.

The Wall Street Journal writes that Monster and Broadcom face growing concerns about the scope of their stock options backdating issues.

The Wall St. Journal reports that wireless standards body IEEE has been unsettled by fighting between rivals Qualcomm and Intel.

The Wall St. Journal also writes that Disney expects $50 million in its first year for digital movie downloads on the Apple iPod.

The New York Times reports that Chrysler has cut its production 16% for the balance of the year due to a rising inventory of unsold vehicles.

The New York Times also reports that Al Gore's CurrenTV has joined with Yahoo! in a video venture. The content will include professional and user created video.

Douglas A. McIntyre.

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