Word: motorolas
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Another bad week for the markets seemed ready to end with another glum day Friday, with the NASDAQ testing year-old lows again and the Dow giving up 200 points under the weight of tearful earnings reports from Motorola and Sun. The S&P even ushered in an official bear market, hitting 20 percent losses off its highs, but as TIME columnist Dan Kadlec points, we knew that already...
...Image, that glitzy mail-order purveyor of talking chessboards and ionic hair dryers, has a new item that may actually be of some use, especially in counties that prohibit dialing while driving. The cleverly named Car Cell Phone System ($130) is a plug-and-play speakerphone for Nokia and Motorola models that doubles as a handset recharger. Not sharp enough? It comes with a built-in digital recorder that, when activated, grabs the previous 20 seconds of your conversation or message...
...BEST LITTLE BALL IN D.C. A funky little gathering--ZZ Top will play some tunes--put together by the Friends of W., Inc., a down-home group including Hyperion Energy, Boeing, Dow Chemical, Reliant Energy, AOL Time Warner, Texas Utilities and Motorola. Guests include campaign chairman Don Evans and the Bush Iron Triangle--Karl Rove, Karen Hughes and Joe Allbaugh. Marriott Wardman Park Hotel...
...industries, would file suits against cell-phone makers and wireless-phone companies. Cell-phone stocks wobbled. Although Angelos' firm later said no filing was imminent, it has been carefully studying the issue. Angelos has also joined counsel for Baltimore neurologist Christopher Newman, who brought an $800 million suit against Motorola and several wireless carriers for allegedly causing the baseball-size brain cancer near his ear that has left him permanently disabled...
...brain cancer? After a handful of studies yo-yoed back and forth on the answer, the Cellular Telephone Industry Association tried to seize control of the uncertainty this summer and, they hoped, pre-empt any future lawsuits. (Noted class-action attorneys have already joined an $800 million suit against Motorola.) The association suggested that cell-phone manufacturers voluntarily disclose radiation levels emitted by each unit's antenna. Meanwhile, those who walk and talk at the same time can take solace; the latest studies find no increased risk of brain tumors. But please note: the studies followed users for only...