Media Digest 8/17/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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According to Reuters, Dell (DELL) will restate four years of results after an audit that lasted over a year.

Reuters writes that Bear Steans (BSC) will cut 240 jobs in its sub-prime operations.

Reuters writes that Nokia (NOK) has filed a complaint against Qualcomm (QCOM)  with the ITC asking for more bans on the import of QCOM chips.

Reuters reports that Wall St. still has doubts about Amgen’s (AMGN) future, even after the biotech cut 12% of its workforce.

The Wall Street Journal reports that Whole Foods (WFMI) won a round in its merger with Wild Oats (OATS) when a judge refused to issue an injuction to stop the deal.

The Wall Street Journal writes that IBM (IBM) will start to sell the Sun (SUNW) operating system.

The Wall Street Journal writes that Wal-Mart (WMT) is considering opening smaller high-end stores.

The Wall Street Journal reports that Sprint (S) may spend $5 billion on its WiMax initiative.

The New York Times writes that Boston Scientific (BSX) will put two more units on the market to bring in cash to pay down debt.

FT reports that buy-out firms are still in the market for deal despite credit problems.

Barron’s reports that Ebay’s (EBAY) Skype VoIP unit was down for a day due to software problems.

Douglas A. McIntyre