DJIA    12,416.60; Down 6.89 (0.06%)
NASDAQ    2,443.83; Up 5.63 (0.23%)
S&P500    1,412.11; Down 0.73 (0.05%)
10YR-Bond    4.656%; Down 0.004
NYSE Volume    2,937,431,000
NASD Volume    2,116,141,000

Apple (AAPL) rose 8% to $92.57 on over 100 million shares after Steve Jobs at MacWorld unveiled the set-top box to stream video from the computer to the TV and unveiling the long long awaited iPhone via Cingular.

R-I-M (RIMM) fell almost 8% to $131.00 and Palm (PALM) fell almost 6% to $13.92 on concerns that Apple phones would steal customers away and pushout orders for the start of the year until the phones are available via Cingular in June to July.  Motorola (MOT) also fell another 1.8% to $18.26 after Jobs noted the irrelevance of all the others to date.

AT&T (T) rose 0.4% to $33.94 as it owns Cingular.

Sprint Nextel (S) fell 11% to $17.45 after it issued an earnings warning, said it was cutting five-thousand jobs, and announced it Lost some 300,000 Nextel subscribers.

CANTV (VNT-NYSE/ADR) fell again, this time by 27% to $12.20,after Hugo Chavez in Venezuela has vowed to Nationalize the infrastructure in the country.  That is the political term for government stealing control from stockholders that bought into Privatization.

Sirius Satellite Radio (SIRI) fell 1.3% to $3.71 after disclosing it was paying a contracted $83 million bonus to shock jock Howard Stern after getting more than 2 million additional subscribers ove plan; deal was agreed to in October 2004.

Dell (DELL) rose 2.5% to $26.84 after unveiling its new monitors, gaming systems, and media suites at CES.

Celgene (CELG) fell 4% to $54.85 after guidance was only in-line to a hair under plan.

As oil fell to as low as under $54 per barrel, major oil names gave up ground again: Exxon (XOM) -0.7% to $72.11, ConocoPhillips (COP) -2.6% to $66.51 and Chevron (CVX) -1.1% to $70.63; Halliburton (HAL) -0.9% to $28.71.

Natus (BABY) lowered guidance to lower-end of range and its shares fell 3% to $15.69.

Great Atlantic Pacific & Tea (GAP) rose 4.5% to $27.40 after it reported narrower losses and looks actually profitable.

Helen of Troy (HELE) fell 10% to $22.19 after missing earnings expectations, while investors were hoping it was finally turning around.

Juniper (JNPR) fell 0.9% to $20.06 after it yesterday named Stephen Elop as its Chief Operating Officer, former President/CEO of Macromedia.

Mentor Graphics (MENT) raised guidance; stock rose 2%.

Osiris Therapeutics (OSIR) rose by 6% to $26.64 after receiving FDA Fast Track designation on its stem cell treatment for Crohn’s Disease.

William Sonoma (WSM) rose by almost 6% to $33.10 after saying its holiday sales were +1.1% and sees EPS $1.03-1.09 vs $1.03 estimates.

Garmin Ltd. (GRMN) fell almost 4% to $51.93 after it was downgraded to ‘Neutral’ at Merrill Lynch on competitive and margin pressures ahead in 2007 after it ran 60% in 2006.

Jon C. Ogg
January 9, 2007

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