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Can you imagine what I’d have to talk about today if Miley Cyrus actually did something wrong. Hey guys, it’s a picture of her back, get over it.
More APPLE rumors: to be released in June, the new 3G iPhone will cost consumers a measly $199. AT&T will pick up the rest, like a good telco should. But there’s a catch, data plans start around $100/month with Apple picking up about 25% of the monthly revenue.
YAHOO’s shares hit $27.36 yesterday on rumors that MICROSOFT will take its $42 Billion
offer directly to Yahoo’s shareholders. Steve’s radio silence has freaked out some Yahooligans who fear he may actually walk away. Don’t fret Yahoo-people. He’ll be back.
TIME WARNER CEO Jeff Bewkes is expected to confirm his plans to spin off TIME WARNER CABLE sometime today. Spinning off Time Warner Cable and dealing with AOL have been the two most pressing issues that Bewkes has faced since officially taking over the CEO reins from Dick Parsons in January. The news got the market’s attention, Time Warner and TWC’s stocks were up just a bit
GTA4 hit the stores yesterday and you know what that means … TAKE-TWO INTERACTIVE is now officially ready to be sold. CEO Strauss Zelnick and his board feel that EA’s $26 per share bid undervalues the company. Will the success of GTA4 have an impact on the bid? Probably not.
CBS chief Leslie Moonves had a good day yesterday. Profits at CBS were up 14%, about 36 cents per share. There have been several reports of escalating bellicosity between Les and Phillip Dauman, who are both supposedly positioning themselves as heir apparent. Don’t believe everything you read.