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Tuesday, November 14, 2006

Media Digest 11/14/2006 Reuters, Wall Street Journal, New York Times


According to Reuters, Berkshire Hathaway has cut its stake in Ameriprise Financial from 9.8% to 6%.

Reuters writes that Microsoft's management is pushing its new Zune multimedia device's wireless capacity as an advantage over competing devices.

The Wall Street Journal writes that boot company Timberland is putting itself up for sale.

Reuters reports that British wireless company Vodafone reported earnings that topped analyst forecasts.

Reuters reports that IBM and China's Ministry of Education will work together to develop a service industry in the country.

The Wall Street Journal reports that Clear Channel, the largest radio company in the US, is weighing two bids for the company amid concerns that the company's top management may have a conflict of interest in the deal.

The Wall Street Journal reports that GE and Hitachi will work on jointly developing and maintaining nuclear power plants.

The Wall Street Journal also reports that some games developed for early versions of its Playstation platform will not work on the new Playstation 3.

The Wall Street Journal writes that the new versions of Tivo will allow for video sharing.

The Wall Street Journal also writes that major Asian chip companies are gambling that Microsoft Vista will increase demand for their DRAM chips. Samsung and Hynix Semi are increasing capacity.

The WSJ reports that Intel is launching its new Xeon chip which has four electronic brains. The product comes out before a similar chip from AMD, Intel's rival.

The New York Times writes that satellite dish companies are filling the void for broadband in rural areas. WildBlue and Highes Network Systems are providing most of the technology.

The New York Times also writes that Eddie Bauer will be acquired by two private equity firms.

Douglas A. McIntyre

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