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Monday, October 16, 2006

Media Digest 10/16/2006 Reuters, WSJ, NYT

Stocks: (VZ)(INTC)(UNH)(PHG)

According to the WSJ, Chrysler is having problems shrinking its inventory of unsold cars which could hamper efforts to reverse an expected Q3 loss.

According to Reuters, Philips Electronics numbers missed Wall St. forecasts for it Q3, due primarily to disappointing LCD sales.

Intel shipped five million dual core chips in its first 60 days of production, indicating strong laptop sales during this quarter.

According to Reuters, Samsung Electronics Q3 numbers beat estimates.

Reuters writes that the CEO of UnitedHealth has left amid a probe of the company's options practices.

The Wall Street Journal writes that software provider Open Solutions will be sold to private equity firms for $930 million.

The New York Times writes that Verizon may spin-off its directory arm.

Douglas A. McIntyre

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