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Wednesday, October 11, 2006

Media Digest 10/11/2006 Reuters, WSJ, NYT


According to Reuters, Europe's top mobile phone retailer, Carphone Warehouse, has purchased AOL internet access business in the UK for $698 million.

The Wall Street Journal writes that two Apple directors may have options problems. Jerome York, former CFO of IBM is one. Eric Schmidt, who may have issues with options from his former employer Novell is the other.

Reuters writes that GM and bankrupt car supplier Delphi may be close to a deal that would avoid a strike. The deal calls for GM to subsidize Delphi workers' pay and prolong contracts for parts purchases, according to Bloomberg.

The Wall Street Journal reports that Google is about to announce a product that will bundle its work processing and spreadsheet offerings. The move is seen as a challenge to Microsoft, which is about to launch the new version of its Office product.

The WSJ writes that a judge said that certain Qualcomm technology infringes on Broadcom's patents, but did not stop the import into the US of phones with Qualcomm chips.

The New York Times reports that Harrah's the casino company which may be taken private by private equity firms, has said the current offer must be raised.

Douglas A. McIntyre

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