Quote of the Day

"It is not doing what you like, but liking what you do that is the secret of happiness." --James Barrie

Morning news of note:

• AAPL INTC: Apple explores use of Intel chips -report Apple Computer Inc. has been in talks that could lead to a decision soon to use Intel Corp. chips in its Macintosh computer line, the Wall Street Journal reported on Monday. The report, citing two industry executives with knowledge of recent discussions between the companies, said Apple will agree to use Intel chips. Neither company would confirm the report and an Apple spokeswoman told the Journal she would characterize it as "rumor and speculation." (Full Story) Washington Post
• Wireless Growth: Slower Growth Hits Cellphone Services Overseas In EU, Japan, Saturation Leads to Some Contraction; Looking Beyond Voice, Text Markets for cellphone services in Europe and Japan, where explosive growth spearheaded the wireless revolution in the 1990s, are slowing substantially and in some places contracting -- signaling big challenges for large providers and a shake-up for the entire industry. While handset sales are booming thanks to the addition of cameras, music players and fancy software, cellphone voice services are fast becoming a basic commodity distinguished primarily by price. (Full Story) WSJ
• TWX: Time Warner May Sell AOL Shares IPO, if Done, Could Provide Capital for Acquisitions; Quarterly Dividend Is Set Time Warner Inc. Chairman and Chief Executive Richard Parsons signaled that he might consider selling a stake in America Online to the public in the future. The New York media giant also said Friday, as shareholders gathered for its annual meeting, that it will begin paying a quarterly dividend of five cents a share. The dividend, costing the company about $940 million a year, is the first to be paid by Time Warner since December 2000. (Full Story) WSJ
• HD Television: HDTV: Who Wins, Who Loses Over the next two years, HDTV will brighten the lives of couch potatoes and send a jolt through a range of industries. AFTER MORE FITS THAN STARTS, high-definition television is finally showing up...just about everywhere. When a few over-the-air stations started sending HDTV signals in 1998, there were hardly any shows -- or TV sets -- available in the wide-screen, high-resolution format. Today, the transition to HDTV is in full swing. You can watch most prime-time shows in this crystal-clear format, you can get a set for under $1,000 and you can't find a sports bar without one. (Full Story) BARRONS

The futures are pointing to an up open in the market. Let's see if stocks can build on their gains, or need to take a bit of a breather.