Media Digest 1/11/2007 NYTimes, WSJ, Reuters, Barron’s, FT

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

According to Reuters, management at Nokia (NOK) said that the sales goals for the Apple (AAPL) iPhone are not very ambitious.

Reuters reports that Ebay (EBAY) is buyong online ticket broker StubHun for $310 million.

Reuters reports the Infosys, India’s second largest software exporter, reported a 51% increase in third quater profits, but the stock fell  due to higher expectations.

Reuters writes that profits at biotech firm Genentech (DNA) rose 75% on strength of rising demand for cancer drugs.

The Wall Street Journal writes that Blackstone may fact a rival for its $20 billion bid for real estate firm Equity Office Product (EOP)

WSJ also writes that US Airways (LCC) has raised it hostile bid for Delta to $10.3 billion

WSJ reports that Cisco (CSCO) has sued Apple (AAPL) of the iPhone trademark.

Scripps (SSP) is considering spinning off its newspaper division and keeping its cable programming group.

The New York Times reports that GM’s (GM) future may depend significantly on how its does in China, its second largest market.

The New York Times reports that Sony’s (SNE) PS3 sales in Japan fell far short of expectation.

FT reports that analysts are questioning whether the new Apple iPhone is actually any threat to smartphones from Palm (PALM) and Research In Motion (RIMM).

Barron’s reports that ethanol and solar energy stocks could continue to be hot in 2007, naming SunPower and VeraSun Energy as two of the firms.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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