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Media Digest 5/17/2007

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By Douglas A. McIntyre Published
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According to Reuters, Hewlett-Packard (HPQ) sales grew 7% in the last quarter, driven by PC and printer sales.

Reuters writes that Boeing (BA) has come to terms with its union in St. Louis.

Reuters writes that Sony (SNE)  expects a smaller loss in it video game unit for the current year–$414 million. Competition for Xbox and Nintendo Wii will continue. "Sony expects a sharp rise in PS3 hardware shipments to 11 million units this year. In 2006/7, it shipped 5.5 million PS3s, which fell below the company’s initial target, and of those, about 3.6 million units were actually sold."

The Wall Street Journal writes that the number of coronary stents implanted in April dropped sharply due to concerns about side effects. The announcement is bad news for Johnson & Johnson (JNJ) and Boston Scientific (BSX).

The New York Times writes that Bausch & Lomb (BOL) accepted a  $4.5 billion takeover bid.

FT writes that Amazon (AMZN) will sell music online without digital rights management.

Barron’s writes that bottom fish 3Com is a bad idea. It balance sheet and competitive position are still poor.

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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