Media Digest 2/22/2007 Reuters, WSJ, NYTimes, FT, Barron's

Douglas A. McIntyre

According To Reuters, Apple (AAPL) and Cisco (CSCO) have both decided to use the iPhone name for their sharply different products. The tradmark belongs to Cisco.

Reuters writes that Coca-Cola (KO) has completed the purchase of its Phillipines bottler.

Reuters writes that Whole Foods (WFMI) will buy Wild Oats (OATS) for $565 million.

Reuters also writes that European music company may seek other bids while it is considering a buyout from Warner Music (WMG).

The Wall Street Journal reports that Google (GOOG) plans to sell its web-based spreadsheet and word processing applications in a move that may compete with Microsoft (MSFT) Office.

GM (GM) is still considering buying Chysler (DCX) although there would be huge cost and labor problems to overcome.

The WSJ reports that Microsoft (MSFT) and AT&T (T) have been to the Supreme Court to have a case over AT&T’s patents which it says Microsoft violated in software it sold overseas.

The WSJ also reports that Verizon (VZ) has sued Vonage (VG) over the use of several functions that the large phone company says it has patents on.

The New York Times writes that shares of home mortgage companies were hit after NovaStar reported poor earnings and its stock fell 43%.

The New York Times reports that with few suitors, Daimler (DCX) may face selling its Chrysler unit in several pieces.

A Genentech (DNA) patent for making monoclonal antibodies was revoked by the Patent Office, a move that could cost the company hundreds of million of dollars, according to the NYT.

The NYT also reports the JetBlue (JBLU) faces losses in the current quarter due to costs for the delay of hundreds of flights.

The FT reports that the Nintendo Wii is outselling the Xbox from Microsoft (MSFT) and Sony PS# (SNE) according to January figures.

Barron’s reports that Wedbush Morgan rates Avaya (AV) a hold. Its goal of reviving sales growth may not payoff for a year.

Douglas A. McIntyre