9/21/09 am Monday 3M May Lower Earnings on Thurs.

The following is not intended as advertising by a broker-dealer and is not a research report.

Post #117 The following is brought to you by Intellivest Securities Research, Inc. The following is not intended as advertising by a broker-dealer and is not a research report. Towards the end of this Blog is an update of the Dow 30's most recent SEC filings as of 9/18/09, a list of the Dow 30 CEO's and a ranking of the Dow 30 by market capitalization.

A read of Monday's 9/21/09 print editions of: Wall Street Journal, Financial Times, Investors Business Daily, New York Times, Atl Journal Const, & USA Today yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Thursday's closing price and related data:

Dow: WSJ p1 "As Dow nears 1000, Some See Bears Ahead - Stock slumps have Followed Past Rallies During Periods of Economic Instability" by E.S. Browning says its been a rare six month rally. The dow Jones Industrial Averag'es 46% surge was one of just 6 of that magnitude in the last 100 eyars and that worries some anlaysts because this rally could lead to another slump based on historical patterns.

AT&T T $27.05 +0.68 2.58% 47,142,677 NYSE: WSJ pA3 "Firms Back Plan to Change Pay Policies" by Deborah Solomon says a group of blue chip companies is lining up behind efforts to voluntarily change their pay practices to head off potentially more onerous restrictions out of Washington. The Conference Board, a non-profit business-research group, is set to announce Monday that companies including AT&T, Cisco Systems Inc., Hewlett-Packard co. and Tyco are endorsing a set of principles that hew closely to what the Obama admin. is pushing, including tying pay to performance and reducing short term financial incentive. Verizon recently agreed to give shareholders a nonbinding vote on executive pay this year after shareholder complaints about compensation of its ceo. JPMorgan recently said it won't offer multiyear employment contracts which have come under criticism. Accompanying the story is a photo of At&T's Randall Stephenson, CEO, looking as if he is a jaguar ready to pounce, strong and in command.

AXP $34.77 -0.23 0.66% 16,900,648 NYSE: No mentions found.

Alcoa AA $14.06 +0.01 0.07% 33,495,302 NYSE: WSJ pB4 "No. 2 Jobs Dwindle amid Cost Cutting" by Cari Tuna says there is a hot management trend - eliminating the second in command. Next week DuPOont will eliinate the COO position when Richard Goodmanson retires. The change comes as CEO Ellen Kullman, who took over on Jan 1, streamlines the executive team amod weak demand. Many comapnies are scrapping the COO post as new CEO take the held, such as Coca-Cola, GM, Alcoa, and Eli Lilly.

Bank of America BAC $17.63 +0.02 0.11% 152,325,080 NYSE: WSJ pC3 "BofA Is Planning to Add Holliday as a Director" by Dan Fitzpatrick says BAC is expected to add duPont Co. Chairman Charles Holliday to the bank's baord at a Monday meeting at which they also will be briefed on options should CEO Kenneth Lewis be charged with civil fraud. NY AG Andrew Cuomo is weighing charges against the 62 year old Lewis and CFO Joseph Price after citing four alleged failures to tell shareholders material information related to the bank's takeover of Merrill Lynch.

WSJ pC10 "Silent Treatment on Bank Write-Downs" says the past 18 months has resulted in the acquisitions of Wachovia by Wells Fargo, Washington Mutual by JPM, Countrywide by Bank of American and National city by PNC Financial. Deserving special scrutiny is the accounting treatment that allows banks to write down acquired loans after the deal, but keep those hits out of their income statements. It works like this. Bank A buys Bank B, getting a loan portfolio, $1 bil of which it thinks won't get paid in full so it takes a $200 mil writedown meaning it is on Bank A's balance sheet with a fair value of $800 mill at the deal date. If the loan then deteriorates, the bank will book a reserve against it, hurting reserves. But there is a situation where postdeal mark downs don't hit earnings only shareholders' equity. That is when the adjustments are based on factors that existed at the acquisition date but the acquirer was ignorant of. For example, if Bank A says it discovered after the deal that another $500 mil of loans were in fact impaired it would not take a hit on its income statement.

WSJ pA2 "New Financial Rules Necessitate PUtting the Squeeze on Banks" by Mark Whtiehouse says this week leaders of the world's 20 largest economies will launch a debate over how new financial rules can prevent a repeat of the Great Panic. For the rules to work, bankers will have to suffer, and prudent financial health standards could take as much as a 30% chunk out of banking giants such as Bank of America, J.P. Morgan Chase, Citigroup and Morgan Stanley.

Boeing BA $53.02 +0.14 0.26% 6,037,424 NYSE: WSJ pB7 "European Jet-Leasing Deal Signals Sector Ferment" by Daniel Michaels says the proposed merger of European airplane leasing companies AerCap Holdings NV and Genesis Lease Ltd. highlights major changes afoot in the $147 bil industry as the biggest players struggle with credit woes. In recent years, lessors have bought roughly one of every three planes built by Boeing and rival Airbus.

Caterpillar CAT $53.42 -0.47 0.87% 11,454,404 NYSE: WSJ pC10 "Consumer-Staple Stocks Look Primed for Round 2 Knockout" says there may be an opportunity with consumer staples companies with heavy exposure to developing markets. Because the developing world seems to be bouncing back faster from the recession than the US, investors have flocked back to large companies with international exposure, such as Caterpillar. Colgate-Palmolive has half its sales in emerging markets and has kept its advertising spending at roughly 11% of salesj over the past 3 years which is higher than its rival Procter & Gamble.

CVX $72.64 +0.67 0.93% 15,248,625 NYSE: No mentions found.

Cisco CSCO $23.4 +0.006 0.03% 51,277,485 NASDAQ-GS: WSJ pA3 "Firms Back Plan to Change Pay Policies" by Deborah Solomon says a group of blue chip companies is lining up behind efforts to voluntarily change their pay practices to head off potentially more onerous restrictions out of Washington. The Conference Board, a non-profit business-research group, is set to announce Monday that companies including AT&T, Cisco Systems Inc., Hewlett-Packard co. and Tyco are endorsing a set of principles that hew closely to what the Obama admin. is pushing, including tying pay to performance and reducing short term financial incentive. Verizon recently agreed to give shareholders a nonbinding vote on executive pay this year after shareholder complaints about compensation of its ceo. JPMorgan recently said it won't offer multiyear employment contracts which have come under criticism. Accompanying the story is a picutre of John Chambers, CEO of Cisco, looking engaged as if he is listening intently to a question.

Coca-Cola KO $53.76 +0.34 0.64% 47,179,687 NYSE: WSJ pB4 "No. 2 Jobs Dwindle amid Cost Cutting" by Cari Tuna says there is a hot management trend - eliminating the second in command. Next week DuPOont will eliinate the COO position when Richard Goodmanson retires. The change comes as CEO Ellen Kullman, who took over on Jan 1, streamlines the executive team amod weak demand. Many comapnies are scrapping the COO post as new CEO take the held, such as Coca-Cola, GM, Alcoa, and Eli Lilly.

Disney DIS $28.44 -0.02 0.07% 13,358,264 NYSE: WSJ pB1 "Disney Studios Seeks Magic Touch - Cook's Successor Faces Task of Reviving House Brank While Managing Array of Strong Labels" by Ethan Smith says Dis' movie studio Chairman Dick Cook abruptly departed last week and his successor will be tasked with making the struggling film division stand out among a growing number of corporate siblings, each with their own strong identity. CEO Robert Iger hasn't decided who will replace Cook.

Similar story at Fin Times p19 "Disney movie chief leaves after films flop" by Matthew Garrahan.

WSJ pB6 "Pricing Tensions Shake Up Web Display-Ad Market" by Emily Steel says tension between popular Websites, such as Yahoo, MSNBC. com and History.com, and the middlemen who sell ad space for them is shaking up display advertising. The market for online display ad - those with text and pictures that border a Web page - has dwindled amid the ad recession to an estimated $20.8 bil in '09 from $23 bil in '08. The blame is directed at middlemen known as ad networks who flood the market with cheap online ads. Google, MSFT, AOL and Yahoo are trying to cut out the ad networks altogether by develping ad exchanges, which allow advertisers to bid directly on the ad space available on a large group of web sites. Google unveiled its ad exchange Friday. Dis' ESPN, Turner Broadcast and Forbes have cut their ties to ad networks and are forgoing the extra dollars they brought in. A&E Television Netowrk is considered a smaller website as compared to MSNBC.com, and MTV, and is looking to stay with ad networks but striek better deals. A&E is jointly owned by Disney, Hearst and GE's NBC Universal. MSNBc.com, is a joint venture of Mircrosfot and NBC Universal.

WSJ pB7 "Heirs of Comic Book Creator Seek to Recapture Copyrights" by Lauren A.E. Schuker says the children of late comic book creater Jack Kirby served "Notices of Terminatin" under the Copyright Act to Marvel, Disney and other Hollywood studios that were licensing Marvel characters asn the four children are seeking to recapture as early as 2,014 copyrights to characters he created. Dis last month agreed to acquire marvel for $4 bil.

Similar story at NYT pB1 by Michael Ciply and Brooks Barnes.

DuPont DD $33.74 +0.05 0.15% 6,790,066 NYSE: WSJ pC3 "BofA Is Planning to Add Holliday as a Director" by Dan Fitzpatrick says BAC is expected to add duPont Co. Chairman Charles Holliday to the bank's baord at a Monday meeting at which they also will be briefed on options should CEO Kenneth Lewis be charged with civil fraud. NY AG Andrew Cuomo is weighing charges against the 62 year old Lewis and CFO Joseph Price after citing four alleged failures to tell shareholders material information related to the bank's takeover of Merrill Lynch.

WSJ pB4 "No. 2 Jobs Dwindle amid Cost Cutting" by Cari Tuna says there is a hot management trend - eliminating the second in command. Next week DuPOont will eliinate the COO position when Richard Goodmanson retires. The change comes as CEO Ellen Kullman, who took over on Jan 1, streamlines the executive team amod weak demand. Many comapnies are scrapping the COO post as new CEO take the held, such as Coca-Cola, GM, Alcoa, and Eli Lilly.

XOM $69.99 +0.15 0.21% 36,805,977 NYSE: No mentions found.

GE $16.5 -0.16 0.96% 119,956,873 NYSE: WSJ pB6 "Pricing Tensions Shake Up Web Display-Ad Market" by Emily Steel says tension between popular Websites, such as Yahoo, MSNBC. com and History.com, and the middlemen who sell ad space for them is shaking up display advertising. The market for online display ad - those with text and pictures that border a Web page - has dwindled amid the ad recession to an estimated $20.8 bil in '09 from $23 bil in '08. The blame is directed at middlemen known as ad networks who flood the market with cheap online ads. Google, MSFT, AOL and Yahoo are trying to cut out the ad networks altogether by develping ad exchanges, which allow advertisers to bid directly on the ad space available on a large group of web sites. Google unveiled its ad exchange Friday. Dis' ESPN, Turner Broadcast and Forbes have cut their ties to ad networks and are forgoing the extra dollars they brought in. A&E Television Netowrk is considered a smaller website as compared to MSNBC.com, and MTV, and is looking to stay with ad networks but striek better deals. A&E is jointly owned by Disney, Hearst and GE's NBC Universal. MSNBc.com, is a joint venture of Mircrosfot and NBC Universal.

Hewlett-Packard HPQ $46.15 +0.44 0.96% 18,001,006 NYSE: WSJ pA3 "Firms Back Plan to Change Pay Policies" by Deborah Solomon says a group of blue chip companies is lining up behind efforts to voluntarily change their pay practices to head off potentially more onerous restrictions out of Washington. The Conference Board, a non-profit business-research group, is set to announce Monday that companies including AT&T, Cisco Systems Inc., Hewlett-Packard co. and Tyco are endorsing a set of principles that hew closely to what the Obama admin. is pushing, including tying pay to performance and reducing short term financial incentive. Verizon recently agreed to give shareholders a nonbinding vote on executive pay this year after shareholder complaints about compensation of its ceo. JPMorgan recently said it won't offer multiyear employment contracts which have come under criticism.

HD $28.23 +0.31 1.11% 15,231,992 NYSE: No mentions found.

INTC $19.56 +0.15 0.77% 51,539,724 NASDAQ-GS: No mentions found.

IBM $122.11 +0.23 0.19% 8,782,894 NYSE: No mentions found.

JPMorgan Chase JPM $44.95 -0.01 0.02% 35,742,744 NYSE: WSJ pC10 "Silent Treatment on Bank Write-Downs" says the past 18 months has resulted in the acquisitions of Wachovia by Wells Fargo, Washington Mutual by JPM, Countrywide by Bank of American and National city by PNC Financial. Deserving special scrutiny is the accounting treatment that allows banks to write down acquired loans after the deal, but keep those hits out of their income statements. It works like this. Bank A buys Bank B, getting a loan portfolio, $1 bil of which it thinks won't get paid in full so it takes a $200 mil writedown meaning it is on Bank A's balance sheet with a fair value of $800 mill at the deal date. If the loan then deteriorates, the bank will book a reserve against it, hurting reserves. But there is a situation where postdeal mark downs don't hit earnings only shareholders' equity. That is when the adjustments are based on factors that existed at the acquisition date but the acquirer was ignorant of. For example, if Bank A says it discovered after the deal that another $500 mil of loans were in fact impaired it would not take a hit on its income statement.

WSJ pA2 "New Financial Rules Necessitate PUtting the Squeeze on Banks" by Mark Whtiehouse says this week leaders of the world's 20 largest economies will launch a debate over how new financial rules can prevent a repeat of the Great Panic. For the rules to work, bankers will have to suffer, and prudent financial health standards could take as much as a 30% chunk out of banking giants such as Bank of America, J.P. Morgan Chase, Citigroup and Morgan Stanley.

WSJ pA3 "Firms Back Plan to Change Pay Policies" by Deborah Solomon says a group of blue chip companies is lining up behind efforts to voluntarily change their pay practices to head off potentially more onerous restrictions out of Washington. The Conference Board, a non-profit business-research group, is set to announce Monday that companies including AT&T, Cisco Systems Inc., Hewlett-Packard co. and Tyco are endorsing a set of principles that hew closely to what the Obama admin. is pushing, including tying pay to performance and reducing short term financial incentive. Verizon recently agreed to give shareholders a nonbinding vote on executive pay this year after shareholder complaints about compensation of its ceo. JPMorgan recently said it won't offer multiyear employment contracts which have come under criticism.

JNJ $60.78 +0.01 0.02% 13,283,447 NYSE : No mentions found.

Kraft KFT $26.73 +0.21 0.79% 12,407,443 NYSE: WSJ pC4 "In europe, Kraft Lifts M&A rebound Hopes by Barbara Kollmeyer says the $16.7 bil cash and stock bid by Kraft for Cadbury could be a shot in the arm for European mergers and acquisitins, as conditions for capital raising perk up and the global recession eases. M&A has been stagnant over the past year except for Pfizer buying Wyeth for $68 bil earlier this year and Merck buying Schering-Plough for $41 bil, there have only been nine big deals done.

MCD $57 +0.54 0.96% 13,132,048 NYSE: No mentions found.

Merck MRK $31.88 -0.13 0.41% 18,236,878 NYSE: WSJ pC4 "In europe, Kraft Lifts M&A rebound Hopes by Barbara Kollmeyer says the $16.7 bil cash and stock bid by Kraft for Cadbury could be a shot in the arm for European mergers and acquisitins, as conditions for capital raising perk up and the global recession eases. M&A has been stagnant over the past year except for Pfizer buying Wyeth for $68 bil earlier this year and Merck buying Schering-Plough for $41 bil, there have only been nine big deals done.

Microsoft MSFT $25.26 -0.04 0.16% 61,185,540 NASDAQ-GS: WSJ pB6 "Pricing Tensions Shake Up Web Display-Ad Market" by Emily Steel says tension between popular Websites, such as Yahoo, MSNBC. com and History.com, and the middlemen who sell ad space for them is shaking up display advertising. The market for online display ad - those with text and pictures that border a Web page - has dwindled amid the ad recession to an estimated $20.8 bil in '09 from $23 bil in '08. The blame is directed at middlemen known as ad networks who flood the market with cheap online ads. Google, MSFT, AOL and Yahoo are trying to cut out the ad networks altogether by develping ad exchanges, which allow advertisers to bid directly on the ad space available on a large group of web sites. Google unveiled its ad exchange Friday. Dis' ESPN, Turner Broadcast and Forbes have cut their ties to ad networks and are forgoing the extra dollars they brought in. A&E Television Netowrk is considered a smaller website as compared to MSNBC.com, and MTV, and is looking to stay with ad networks but striek better deals. A&E is jointly owned by Disney, Hearst and GE's NBC Universal. MSNBc.com, is a joint venture of Mircrosfot and NBC Universal.

Pfizer PFE $16.51 +0.19 1.16% 62,452,759 NYSE: WSJ pC4 "In europe, Kraft Lifts M&A rebound Hopes by Barbara Kollmeyer says the $16.7 bil cash and stock bid by Kraft for Cadbury could be a shot in the arm for European mergers and acquisitins, as conditions for capital raising perk up and the global recession eases. M&A has been stagnant over the past year except for Pfizer buying Wyeth for $68 bil earlier this year and Merck buying Schering-Plough for $41 bil, there have only been nine big deals done.

Procter & Gamble PG $57.32 +1.79 3.22% 24,703,078 NYSE: WSJ pC10 "Consumer-Staple Stocks Look Primed for Round 2 Knockout" says there may be an opportunity with consumer staples companies with heavy exposure to developing markets. Because the developing world seems to be bouncing back faster from the recession than the US, investors have flocked back to large companies with international exposure, such as Caterpillar. Colgate-Palmolive has half its sales in emerging markets and has kept its advertising spending at roughly 11% of salesj over the past 3 years which is higher than its rival Procter & Gamble.

3M MMM $74.62 -0.27 0.36% 4,154,226 NYSE: WSJ pC2 "Markets events coming this week" says 3 M is expected to lower its earns from 0.11 a year ago to 0.05 this thurs.
TRV $47.37 -0.33 0.69% 8,609,675 NYSE
UTX $62.82 +0.30 0.48% 6,394,618 NYSE

Verizon VZ $29.59 +0.08 0.27% 43,366,381 NYSE: WSJ pA3 "Firms Back Plan to Change Pay Policies" by Deborah Solomon says a group of blue chip companies is lining up behind efforts to voluntarily change their pay practices to head off potentially more onerous restrictions out of Washington. The Conference Board, a non-profit business-research group, is set to announce Monday that companies including AT&T, Cisco Systems Inc., Hewlett-Packard co. and Tyco are endorsing a set of principles that hew closely to what the Obama admin. is pushing, including tying pay to performance and reducing short term financial incentive. Verizon recently agreed to give shareholders a nonbinding vote on executive pay this year after shareholder complaints about compensation of its ceo. JPMorgan recently said it won't offer multiyear employment contracts which have come under criticism.

NYT pB6 "Verizon Moving From Landlines" says that Verizon CEO Ivan Seidenberg said Verizon was simply no longer concerend with telephones that are connected with wires. VZ is the lagest descendant of the old Bell System and controls the largest mobile phone company in the country. It is moving away from copper wires and is selling off most of its oeprations in rural areas and is spending billions to wire most of the rest of its territory with fiber optic network or FiOS. Seidenberg said video is going to be the core product in the fixed line business. Accompanying the photo is a great picture of Ivan Seidenberg that makes him look very presidential as in President of the U.S.

WMT $50.11 +0.15 0.3% 29,759,000 NYSE: No mentions found.

Here are the latest SEC filings as of 9/17/09 other than ownership filings and, except for certain cases, I do not include third party shareholder proposals:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

T AT&T: 8/28/09 two 8K's, one: announcing it had reached agreement with the Communications Workers of America (on a new, three-year contract covering approximately 7,000 wireline employees (located across the U.S.) under the CWA Communications and Technologies contract, subject to approval by these employees. The second 8K said two subsidiaries of T provided redeemed certain long-term debt issues as of September 28, 2009.

Alcoa AA: 8/29/09 8K announcing that Alain J. P. Belda, executive Chairman of the Board of Directors of AA retired as an executive officer but is staying on as a director until April 23, 2010.

American Express AXP: 9/15/09 8K annoucing delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended June 30, July 31 and August 31, 2009.

9/2/09 10Q;

Bank of Am BAC: 9/16/09 a free writing prospectus regarding issuance of $54 million in debt securities.

Boeing BA: 9/16/09 announcing that pursuant to a 1978 SEC settlement, BA informed the SEC of a change in its policy re the appointment of foreign consultants and to whom they report.

8/31/09 8K announcing the retirement of Scott E. Carson, Executive Vice President, President and Chief Executive Officer, Boeing Commercial Airplanes, effective January 1, 2010. Effective September 1, 2009, Mr. Carson will leave his current position and assume the role of Executive Vice President. Carson will be replaced by James F. Albaugh.

8/27/09 8K announcing a revised schedule for the 787 Dreamliner and a charge to third quarter earnings related to flight test aircraft.

Caterpiller CAT: 9/1509 8K announcing CAT and Navistar International Corporation (NYSE: NAV)formed a joint venture transaction resulting in a new company, NC2 Global LLC, to serve the global commercial truck market to be based in Chicago.

8/20/09 8K CAT filed Reg FD information concerning deliveries to users for its Machinery and Engines lines of business.

Chevron CVX: 8/6/09 10Q

Cisco CSCO: 9/11/09 10K

9/9/09 8K Cisco appointed Arun Sarin, former CEO of Vodafone Group Plc, to its Board of Directors. He will a $75,000 annual retainer, $2,000 per committee meeting attended, and 16,666 shares.

9/4/09 8K annoucing bonus payments for '09 fiscal year to: John T. Chambers, Chairman and Chief Executive Officer, $2,031,000; Frank A. Calderoni, Executive Vice President, Chief Financial Officer, $900,000; Wim Elfrink, Executive Vice President, Cisco Services and Chief Globalization Officer, $1,000,000; Randy Pond, Executive Vice President, Operations, Processes and Systems, $900,000; and Richard J. Justice, former Executive Vice President, Worldwide Operations and Business Development and current Executive Vice President – Executive Advisor, $750,000.

Coke KO: 7/30/09 10Q

Disney DIS: 9/16 Prospectus related to the takeover of Marvel.

8/31/09 8K announcing a merger between its subsidiary, Maverick Acquisition Sub, Inc., and its subsidiary, Maverick Merger Sub, LLC, a single member Delaware limited liability company and Marvel Entertainment, Inc.. As a result of the Merger, Marvel will become a wholly owned subsidiary of Disney. Each share of Marvel common stock will be converted into $30 in cash and 0.7452 shares of Disney common stock.

DuPont DD: 8/13/09 8K announcing Nicholas C. Fanandakis, age 53, Senior Vice President & Chief Financial Officer & Chief Executive effective September 1, 2009 with an increase in annual salary from $387,708 to $500,000 and target short-term incentive award for 2009 will increase from $328,500 to $464,100. Mr. Fanandakis was named to his current position, Group Vice President- Applied BioSciences, in January 2008. Prior to that, he was vice president and general manager- DuPont Chemical Solutions Enterprise from September 2003 through September 2006 and vice president- Corporate Plans from October 2006 through December 2007. Jeffrey L. Keefer, EVP and Chief Financial Officer, will remain EVP and transition from the position of Chief Financial Officer to assume leadership responsibility for the DD's Performance Coatings business, corporate strategy development, Information Technology and overall cost and working capital productivity efforts effective November 1, 2009. Richard R. Goodmanson, EVP and Chief Operating Officer will retire effective September 30, 2009.

ExxonMobil XOM: 8/5/09 10Q

GE: 8/4/09 8K GE reached a settlement with the SEC & consented to a judgment of a fine of $50 million relating to four accounting matters arising in 2002 - 2003: the application of SFAS 133 to GE’s since-discontinued commercial paper hedging program and, separately, to certain swap derivatives where fees were paid or received at inception; a change in accounting for profits on spare parts in the commercial aviation engine business; and certain year-end transactions in the Rail business.

Hewlett-Packard HPQ: 9/17/09 8K On 9/17/09 HPQ elected Marc L. Andreessen as a dierctor and chair of the Technology Committee of the Board. Andreessen is a co-founder and general partner of Andreessen Horowitz, a venture capital firm, and a co-founder and chairman of Ning, Inc., an online platform for people to create their own social networks. Andreessen co-founded Opsware Inc. & served as chief technology officer of America Online, Inc. and was a co-founder of Netscape Communications Corporation. Andreessen gets an retainer of $100,000, an annual equity retainer of $150,000, and $2,000 in cash for each Board meeting attended in excess of six per year. Mr. Andreessen also will be eligible to participate in the product matching portion of the HP Employee Giving Program under which each non-employee director may contribute up to $100,000 worth of HP products each year to a qualified charity by paying 25% of the list price of those products, with HP paying the remaining 75%. In addition, Mr. Andreessen will receive an annual retainer of $10,000 for service as the chair of the Technology Committee. HPQ also increased the number of HPQ directors from ten to eleven.

9/8/09 10-QA

9/4/09 10-Q

Home Depot HD: 9/3/09 10-Q

8/26/09 8K announcing amendments to their By-Laws dealing with resignations of directors.

Intel INTC: 9/16/09 An intranet article re the Stock Option Exchange Program.

9/15/09 8K Intel is consolidating all of its major product divisions into the newly formed Intel Architecture Group, which will be co-managed by Sean Maloney and David (Dadi) Perlmutter, executive vice presidents. Maloney will be responsible for business and operations while Perlmutter will lead product development and architecture. Paul Otellini, CEO, will devote more time to corporate strategy and driving the company’s growth initiatives. Intel’s global manufacturing organization, the Technology and Manufacturing Group will now report to Andy Bryant, Intel’s chief administrative officer. Pat Gelsinger and Bruce Sewell, General Counsel, will leave INTC.

8/28/09 8K announcing that as a result of stronger than expected demand for microprocessors and chipsets, Intel now expects revenue for the third quarter to be $9.0 billion, plus or minus $200 million, as compared to the previous range of $8.5 billion, plus or minus $400 million. The gross margin percentage for the third quarter is expected to be in the upper half of the previous range of 53 percent, plus or minus two percentage points. The company is scheduled to report its third-quarter financial results on Oct. 13.

IBM: 9/8/09 8K IBM representatives will be meeting with a number of institutional investors through mid-September.

7/28/09 10Q

JPMorganChase JPM: 9/17/09 prospectus reReverse Exchangeable Notes due December 21, 2009 Linked to Eight Equally Weighted Reference Stocks and in preceding days there were similar prospectuses.

9/2/09 Free Writing Prospectus relating to Core commodity C-IGAR Sigma Long-Short Index

Johnson & Johnson JNJ: 8/4/09 10Q

Kraft KFT: 9/9/09 prospectus relating to Kraft's bid to take over Cadbury that was announced on 9/7/09.

9/9/09 8K announcing a strategic update, including a review of the company’s successful three-year turnaround plan.

8/5/09 10Q

McDonalds MCD: 9/9/09 8K announcing that global comparable sales rose 2.2% in August and by segment performance was as follows: U.S. up 1.7%; Europe up 3.5%; andAsia/Pacific, Middle East and Africa declined 0.5%.

8/11/09 re: press release "McDonald’s Reports Global Comparable Sales Up 4.3% in July"

Merck MRK: 8/3/09 Sched 14A proxy material re: updated of acquisition of Schering-Plough

Microsoft MSFT: 9/11/09 8K James Cash to retire from Board of Directors. The
Harvard Business School professor and senior associate dean emeritus had served on the board since 2001. With Cash’s departure, the Microsoft board will have nine members: Bill Gates, chairman of Microsoft; Steve Ballmer; Dina Dublon, former chief financial officer of JPMorgan Chase; Raymond V. Gilmartin, former chairman, president and chief executive officer of Merck & Co. Inc.; Reed Hastings, founder, chairman and CEO of Netflix Inc.; Maria M. Klawe, president, Harvey Mudd College; David F. Marquardt, general partner at August Capital; Charles H. Noski, former vice chairman of AT&T Corp.; and Dr. Helmut Panke, former chairman of the board of management at BMW AG.

8/24/09 S-8 Securities to be offered to employees in employee benefit plans

Pfizer PFE: 9/2/09 8K announcing an agreement with the U.S. Department of Justice to settle an investigation regarding off-label promotional practices related to Bextra, which Pfizer withdrew from the market in 2005 and other DOJ investigations involving off-label promotional practices concerning Zyvox, Geodon and Lyrica, and allegations related to payments to healthcare professionals involving these and nine other Pfizer medicines. Pfizer previously disclosed a related $2.3 billion charge to its fourth-quarter and full-year 2008 earnings in connection with the DOJ agreement in principle on January 26, 2009. PFE has reached agreements with attorneys general in 432 states to settle state civil consumer protection allegations regarding promotional practices concerning Geodon. PFE will pay a total of $33 million to the settling states.

Procter & Gamble PG: 9/10/09 8K confirmed its fiscal year 2010 and July – September quarter outlook for organic sales growth. The company also stated it expects to return to organic sales growth in the October – December quarter compared to prior year levels, following two quarters of organic sales declines. P&G also updated earnings per share guidance to include the anticipated impacts from the Pharmaceutical divestiture, which was announced on August 24, 2009. For fiscal year 2010, P&G confirmed previous guidance for organic sales growth of one to three percent. P&G expects net sales in the range of flat to up three percent versus prior year levels, which includes a foreign exchange impact of zero to minus one percent. P&G now expects fiscal 2010 earnings per share in the range of $3.99 to $4.12 per share. This includes a one-time net increase in earnings of $0.44 per share from the sale of the Pharmaceutical business, which will be partially offset by $0.10 to $0.12 per share of earnings dilution related to the transaction.

8/28/09 S-8 Securities to employees and 8/28 8K annoucning public offering of $500,000,000 aggregate principal amount of 3.150% Notes due 2015.
Also a PG subsidiary, Procter & Gamble International Funding SCA issued $1,000,000,000 aggregate principal amount of 1.350% Notes due 2011.

3M MMM: 8/5/09 3M contributed 8,329,862 shares of its common stock with a corresponding dollar value of approximately $600 million to its defined benefit pension plan, the 3M Employee Retirement Income Plan, made from treasury stock.

Travelers TRV: 8/5/09 10Q/A Amended 10Q

United Technologies UTX: 7/24/09 10Q

Verizon Communications Inc. VZ: 9/10/09 8K announcing VZ's cash flow and balance sheet are strong, and VZ recently increased its dividend for the third consecutive year. VZ is not planning for any economic improvements in the second half of 2009. Verizon expects that economic conditions will continue to pressure revenues and margins in the second half of 2009, particularly in its Wireline segment. VZ expects to add one million wireless customers per quarter for the next several quarters.
o The company expects to achieve its stated Alltel cost synergy targets & greater cash flow from operations in the second half of 2009 compared to the first half of 2009.

9/4/09 8K VZ raised its quarterly dividend 3.3% to 47.5 Cents per Share. This is the third consecutive year that VZ has approved a quarterly dividend increase in September.

9/4/09 8K annoucning retirement of Dennis F. Strigl, President and Chief Operating Officer of Verizon Communications Inc.

Wal-Mart WMT: 9/14/09 Prospectus re debt securities of $364,600,000

9/9/09 10Q

8/13/09 8K re 7/31/09 2Q report of earnings

Here are the CEOs of the Dow 30 Companies:

T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis
BA W. James McNerney, Jr.
CAT James W. Owens
CVX David O'Reilly
CSCO John Chambers
KO Muhtar Kent
DIS Rogert Iger
DD Ellen Kullman
XOM Rex W. Tillerson
GE Jeffrey R. Immelt
HPQ Mark Hurd
HD Frank Blake
INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPM Jamie Dimon
JNJ William C. Weldon
KFT Irene Rosenfeld
MCD Jim Skinner
MRK Robert Clark
MSFT Steve Ballmer
PFE Jeffrey Kindler
PG Bob McDonald
MMM George W. Buckley
TRV Jay S. Fishman
UTX Louis Chenevert
VZ Ivan Seidenberg
WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 9/16/09:

1. Exxon Mobil XOM $345
2. Microsoft MSFT 225
3. WalMart WMT 193
4. GE 180
5. JPMorgan Chase 167
6. Johnson & Johnson JNJ 166
7. IBM 163
8. Procter & Gamble PG 161
9. AT&T T 156
10. Chevron CVX 145
11. Cisco CSCO 135
12. Coke KO 122
13. Pfizer PFE 111
14. Intel INTC 110
15. Bank of Am BAC 110
16. Hewlett-Packard HPQ 109
17. Verizon VZ 86
18. Merck MRK 68
19. McDonald's MCD 62
20. United Technologies UTX 58
21. Disney DIS 53
22. 3M MMM 53
23. Home Depot 48
24. American Express AXP 42
25. Kraft KFT 39
26. Boeing BA 38
27. Caterpillar CAT 33
28. DuPont DD 31
29. Traveler's TRV 28
30. Alcoa AA 14