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Tuesday, November 07, 2006

Media Digest 11/7/2006 Reuters, Wall Street Journal, New York Times

Stocks: (TM)(V)(MSFT)(VOD)(YHOO)(BA)(VZ)(NWS)(ABT)

According to Reuters, Toyota operating profit rose 44% in the most recent quarter, and the company upped it full year forecasts.

Reuters writes that Vivendi had poor Q3 results due to low mobile and music sales.

Reuters writes that Yahoo! has begun an image advertising test on cell phones. The delivery of graphic ads will be aimed at seeing whether branding ads can be moved to phones.

Reuters reports that Samsung sees the mobile phone market growing only 10% in 2007.

Reuters also writes that Microsoft will offer movies and TV on its new Xbox system.

The Financial Times writes that Boeing will up its 787 production to meet new demand.

The Wall Street Journal reports that Verizon is in late stage talks with YouTube to bring video to its cellphones and nationwide IPTV service.

The Wall Street Journal writes that Vodafone will use the Microsoft mobile operating system on many of its phones in a bid to cut the number of OSs that it has to put on its handsets and to improve development time and cost.

The Wall Street Journal also writes that Abbott Labs will pay $3.7 million for Kos Pharmaceuticals which makes a drug that raised good cholesterol.

The New York Times writes that MySpace is trying to move into foreign markets but is finding that internet social site behavior can be very different outside the US.

The New York Times also writes that Overstock posted a large loss and may have to raise money next year.

Douglas A. McIntyre

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