Investing

Media Digest 12/1/2006 Reuters, WSJ, NY Times

Stocks:  (PFE)(SNE)(MSFT)(SIRI)(NWS)(WMT)(GM)(IBM)(EMC)(HIT)(DELL)

According to Reuters, al Qaeda has called for a cyber attack on the websites of online brokers and banks. The action may be set for today.

Reuters writes that Sirius Satellite plans to have live TV as part of its service by late 2007.

The Wall Street Journal writes that News Corp is in talks to bring a Chinese version of MySpace to the world’s most populated market.

Reuters writes that Kirk Kerkorian has sold all of he GM shares in a vote of  "no confidence" on current management. He made only a modest gain on the investment.

Reuters writes that Delta has met with US Air and plans no merger.

Reuters also writes that EMC, the world’s largest data storage company, had the largest growth among major companies in that market. IDC says that EMC had 21.3% of the data storage market, up from 20% a year ago. HP has a 17.6% share, down from 19% a year ago. IBM had 13.7% of the world market, up from 13.1%. Dell had 8% down from 8.2% a year ago.

The Wall Street Journal writes that November retail numbers were mixed, but Wal-Mart said its growth for same-store sales would be 1% or less in December.

The Wall Street Journal also writes that Microsoft has delivered its new operating system, Vista.

The New York Times writes that Sony has shifted management at its game unit, which produces the Playstation, to an executive who has run the US arm of the business.

The New York Times says that Pfizer will seek FDA approval of its heart drug, torcetrapib, even though there is evidence that it can raise blood pressure in certain patients.

Douglas A. McIntyre

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