"Consider how hard it is to change yourself and you'll understand what little chance you have trying to change others." - Jacob M. Braude
Morning News of Note:
- TXN: Texas Instruments Calling TEXAS INSTRUMENTS ISN'T your father's calculator company. The 75-year-old firm that invented the pocket calculator has transformed itself over the past decade into one of the world's largest and most dynamic manufacturers of semiconductors. In fact, one of its engineers, Nobel Prize winner Jack Kilby, was largely responsible for launching the Silicon Age: Kilby devised the first integrated circuit -- in 1958 -- and his passing at the age of 81, just two weeks ago, was a reminder of Texas Instruments' many trailblazing contributions to the worldwide $166 billion semiconductor industry. (Full Story) BARRONS
- F GM DCX: Next for the Big 3: More car-like SUVs Detroit automakers rush to tap fast-growing 'crossover' category as trucks lose their appeal. Detroit automakers - bidding to beat back foreign rivals - are set to launch a spate of new car-based "crossover" utility vehicles in coming years to grab a bigger slice of one of the fastest-growing vehicle segments. (Full Story) Detroit News
- GOOG: CEO Eric Schmidt met w/ CHL GM Wang Jianyzhou on recent trip to China; two co's will enhance cooperation on wireless portals and mobile e-commerce in the future; GOOG already works w/ six US mobile carriers on search services -- eNet/Pacific Epoch
- Wireless Services: DT considering selling T-Mobile USA unit for $25bln-$30bln in 2H; VOD said they dont have interest in acquiring T-Mobile USA -- WSJ (Monday) // UTSI applied for licenses to launch GSM and CDMA service in China and may soon obtain a license -- Beijing Times
- WMT: Wal-Mart ups June same store sales guidance (48.28 ): WMT calls for June comps to rise 4.5%, previous co guidance was 2-4% growth.
Market Comments: Market has moved into positive territory in the first half hour of trading. Wal-Mart raised it sales forecast, which bodes well for consumer spending in the short-term. the EU made some remarks about the PG/G deal, but PG's stock has shaken it off so far. There were a couple of earnings warnings this morning (see ALVR, MERQ), and the pace could pick up over the next week or so. So be careful out there.