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Tuesday, October 03, 2006

Media Digest 10/03/2006 Reuters, NYT, WSJ

Stocks :(DIS)(QCOM)(BRCM)(HPQ)(GM)

According to Reuters, a private equity bid for Harrah's sent its shares up sharply.

Reuters writes that Disney will take at $30 million write-down for closing its ESPN Mobile phone wireless business.

Reuters writes that a judge has denied a request by Qualcomm for a prelimary injunction in its case against Broadcom. Qualcomm wanted to prevent its rival from further development of 3G chips for cellphones.

According to the Wall Street Journal, HP CEO Mark Hurd knew about the private phone taps of directors as early as July 2005.

Reuters writes that Nintendo has upped its forecast for sales of its game console, the Nintendo DS.

The Wall Street Journal writes that The Motley Fool, a large online financial site, will launch a free service that will evaluate the stock picks of 7,600 investors who cover 1,300 stocks.

The New York Times writes that when the GM board meets today, it will explore whether the car company's turnaround is real. GM's market share is still dropping and large shareholder Kirk Kerkorian still maintains that the company is not doing well enough to reject an alliance with Renault and Nissan.

Douglas A. McIntyre

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