12/19/09 Sat. Boeing Can't Sell 200 Planes to Ryanair

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Post #270 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 CEO's, a ranking of the Dow 30 by market capitalization as of close of 12/18/09 and an update of the Dow 30's most recent SEC filings as of 12/18/09.

A read of Saturday's 12/19/09 print editions of: The Wall Street Journal, Financial Times, The New York Times, Atlanta Journal Constitution, 12/21/09 Monday Investors Business Daily, & 12/28/09 & 1/4/10 Bloomberg BusinessWeek (Double Issue) 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 Friday's closing price and related data:

Dow: The Dow Jones Industrial Average closed Friday at 10,328.89 up 20.63 or 0.2% from Thursday's close of 10,308.26. For the week the Dow was down 1.4% from last Friday's close of 10,471.5. Year to date the Dow is up 17.69%. Of the 30 Dow Companies: 18 gained and 12 declined. The biggest gainer dollar-wise was Hewlett-Packard HPQ $51.5 +0.94 1.86% 21,045,256 NYSE and percentage-wise was Intel INTC $19.63 +0.56 2.94% 93,079,781 NASDAQ-GS. The biggest decliner dollar-wise and percentage-wise was Boeing BA $53.44 -1.03 1.89% 8,767,691 NYSE.

WSJ pB1 "Despite Gain, Blue Chips End the Week Down 1.4%" by Peter A. McKay says stocks rose Fri. as an earnings-fueled rally bolstered tech stocks, but the gains were limited after a rocky week in which investors worried about sovereign credit and the global economy. After sliding more than 44 points Fri. morning, the Dow Jones Industrial Average finished up 0.2%, led by Intel's 2.8% gain. The Dow was down 1.4% for the week, the biggest decline in more than a month.

WSJ pB3 "RIMM Gains 10%, Oracle Adds 6.4%" by Donna Kardos Yesalavich says stocks closed higher Fri. as better than expected earnings reports from Oracle and Research in Motion boosted investors' appetite for tech stocks such as Intel, Microsoft and Hewlett-Packard. Intel, Microsoft and HP led the Dow's gainers Fri. Boeing kept the Dow's gains in check Fri. It fell 1.9% after budget airline Ryanair Holdings said talks to order up to 200 new aircraft with Boeing were terminated after the firms failed to agree on certain conditions.

Fin Times p14 "Oracle and Rim Results help tech sector stand out" by Samantha Pearson says encouraging results from the tech sector failed to keep Wall Street out of the red yesterday as the stronger dollar began to dominate trading.

Inv. Bus Daily pA1 "Nasdaq Leads On Strong Tech Earnings" by Paul Whitfield says he tech sector sparked a rise Fri as the Nasdaq led the market higher. Friday's action was p in higher volume and the current outlook is uptrend under pressure.

NYT pB7 "As Holiday Slowdown Nears, Markets Climb on a Choppy Day of Trading" by Javier C. Hernandez says volatility marked what was probably the last big trading session of the year on Fri as investors tried to take advantage of better than expected profits from tech firms. shares meandered for much of he day, while the dollar continued to strengthen, touching $1.43 against the Euro.

As of the open of the market Saturday, the current divisor for the Dow found at page B4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 17.92 up from Friday's 17.88 (year ago it was 17.92) the P/E estimate is 16.00 down from Friday's 16.19 (year ago it was 10.45) and the current dividend yield is 2.69 unchanged from Fri.s 2.69 (it was 3.66 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1366.71 up 2.73 from Thursday's closing Dow numerator of 1363.98. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase of 2.73 for Friday by the divisor you get the increase in Friday's Dow close of 20.63.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 45.56 up 0.09 from Thursday's Dow Jones Industrial Average closing price of $45.47. The median closing price of Friday's Dow Jones Industrial Average was 40.73 up 0.36 from Thursday's $40.37. The lowest volume Friday was 3M MMM $80.97 +0.50 0.62% 6,571,885 NYSE and the highest volume again was Bank of Am BAC $15.03 +0.17 1.14% 200,135,753 NYSE.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made 273 ($136,671 - $136,398).

AT&T T $27.32 +0.10 0.37% 45,273,757 NYSE: BusWk p21 "Can AT&T Tame The IHogs" by Peter Burrows, Olga Kharif says AT&T has the exclusive rights tos ell the iPhone in the US and is bashed incessantly for service that rarely lives up to the elegant promises of Apple's sleek device. Now, when many consumers feel they should be receiving rebates, AT&T is getting lambasted for hinting it might take measures to rein in the heaviest iPhone users. Some customers even planned to crash AT&T's wireless network on Dec. 18 in protest. yet Ma Bell has a point. with the smartphone fast replacing the PC as atthe center of many consumers' digital lives, changes int he way people use mobile computing are inevitable Bandwith isn't unlimited and 3% of iPhone users account for 40% of the traffic on its data network. The other 97% may get better, cheaper service if YouTube video and online radio addicts paid more the the network upgrades required to support their habit. AT&T Mobility Pres. Ralph de la Vega says it is mulling changes to the $30 a month unlimited data plan that most of its customers uses. Verizon Wireless introduced the first unlimited wireless data plan in '02, when most subscribers simply made voice calls and swapped emails on their phones. Today, iPhone users listen to hours of online music and playing games over the Web. The difference in data use is enormous. A short video takes as much bandwidth as 500,000 text messages. In the 3 years since the iPhone's debut, data traffic on AT&T's network has soared 5,000%.

Alcoa AA $14.58 +0.08 0.55% 29,419,085 NYSE: No mentions found.

American Express AXP $40.51 +0.06 0.15% 10,668,645 NYSE: No mentions found.

Bank of America BAC $15.03 +0.17 1.14% 200,135,753 NYSE: WSJ pB1 "Snyder's Six Flags Roller-Coaster Ride" by Mike Spector says 4 years ago Washington Redskins owner Daniel Snyder led a contentious shareholder revolt at theme park operator Six Flags Inc. and became its chairman. Now his job is on the line as a group of bondholders emboldened by roaring credit markets weigh whether to keep him in his post. Six Flags filed a Chapter 11 bankruptcy plan to restructure more than $2.4 bil in debt and kept Snyder as chairman. Now a group of angry bondholders have raised $1 bil in new debt and equity to wrest control of the firm. The story tells how Snyder at first did a good job in generating revenues by doing deals through sponsorships like he did with the Redskins - he did deals with Papa John's and Home Depot. The Chapter 11 filing had financing from JPMorgan and Bank of America among others.

WSJ pB10 "Don't Hasten to Roll Up the TARP Just Yet" by Michael Rapoport says even though Bank of America, paid back its TARP funds, and Citigroup and Wells Fargo are inhe process of exiting as well, many banks below the top tier nat'l and superregional banks look unlikely to repay TARP soon. Beond the 8 original TARP recipients, only 17 of the other 69 banks that got at least $100 mil from TARP have repaid the funds.

BusWeek p8 says BofA apped Brian Moynihan, head of the lender's consumer banking unit, as its next CEO.

Boeing BA $53.44 -1.03 1.89% 8,767,691 NYSE: Inv. Bus. Daily pA2, NYT pB2 "Ryanair Ends Boeing Talks, To Benefit of Shareholders" by Nicola Clark, Fin Times p10 "Ryanair chief in attack on Boeing" by Pilita Clark say Michael O'Leary, ceo of Ryanair, launched a caustic attack on Boeing Fri, accusing it of being "a bunch of idiots" and "numpties" for failing to seal an agreement to sell him 200 new 737 jets. he deal would have cost $1 bil. He said a price had been agreed for the jets, due to be sent from Boeing's Seattle assembly plant between '13 and '16, but Boeing had insisted on a series of "Mickey Mouse" delivery conditions, which meant the deal failed. O'Leary said "Eventually you lose interest dealing with a bunch of idiots who can't make a decision."

BusinessWeek p10 says afer more than 2 years, Boeing's 787 Dreamliner finally had its first test flight, around Seattle on Dec. 1, which was cut short by foul weather. NNow comes a rigorous testing program over the next year to get gov. certification ahead of a planned delivery in late '10 to All Nippon Airways. The plane promsses to reduce fuel burn by about 20% over existing models because of its ligher carbon fiber frame. The 787 has 840 orders, the most in new orders for a new plane in Boeing's history.

WSJ pB3 "RIMM Gains 10%, Oracle Adds 6.4%" by Donna Kardos Yesalavich says stocks closed higher Fri. as better than expected earnings reports from Oracle and Research in Motion boosted investors' appetite for tech stocks such as Intel, Microsoft and Hewlett-Packard. Intel, Microsoft and HP led the Dow's gainers Fri. Boeing kept the Dow's gains in check Fri. It fell 1.9% after budget airline Ryanair Holdings said talks to order up to 200 new aircraft with Boeing were terminated after the firms failed to agree on certain conditions.

Bus Week p42 "Many Happier Returns" by Marc Miller, illustrations by Michael Witte is a poem that looks at 2009 and includes these references to Dow Jones 30 firms: "Bob Iger helped make Disney shine, By snapping up the Marvel line, And also made his stock price spark, Announcing that new Shanghai park, While Microsoft made big noise revvin', Up to market Windows 7 . . . WalMart bravely soldiered on, In price wars vs. Amazon. . . .And for the umpty-umth year, Boeing, Can't get its Dreamliner going. . . .The woe extends to Donald Trump, Who's suffering from a gambling slump, And layoffs even ruled the day, (And this rare) at J&J. . .Let each market force allow, a solidly five-digit Dow.

Caterpillar CAT $57.19 -0.34 0.59% 7,158,659 NYSE: No mentions found.

Chevron CVX $76.9 +0.12 0.16% 15,997,547 NYSE: No mentions found.

Cisco CSCO $23.33 +0.15 0.65% 63,658,339 NASDAQ-GS: Bus Week p100 "A Power Play for China's Electrical Grid" by Bruce Einhorn says the Chinese gov plans to spend $600 bil on its electrical network, especially on smart grid technology to boost efficiency and IBM expects to get at least $400 mil in smart grid revenues in China over the next 4 yours but competition is still as GE, Hewlett-Packard, Cisco, Westinghouse, ABB, an Siemens are all vying for a piece of the market.

Coca-Cola KO $56.92 -0.06 0.11% 18,416,378 NYSE: Bus Week p84 "A Look Back At Our 2009 Hits And Misses" by Roben Farzad, Tara Kalwarski says Business Week called Coca-Cola, Dow Chemical, Hewlett-Packard, Schering-Plough, and Tesco comfort stocks. If you'd invested $2,000 in each, you'd be up 69.6%.

Bus Week "2010 Investment Outlook" by Peter Coy says makers of consumer staples that serve the growing markets of Asia and Latin America are a good bet for 2010 says Rajiv Jain, head of int'l equities for Vontobel Asset Management. He likes Coca-Cola, Nestle, Diageo, McDonald's and BAT. Many of these firms have handsome dividend yields as well as price earnings multiples that are historically low in comparison with those of growth stocks.

Disney DIS $31.95 +0.02 0.06% 15,229,617 NYSE: Bus Week p42 "Many Happier Returns" by Marc Miller, illustrations by Michael Witte is a poem that looks at 2009 and includes these references to Dow Jones 30 firms: "Bob Iger helped make Disney shine, By snapping up the Marvel line, And also made his stock price spark, Announcing that new Shanghai park, While Microsoft made big noise revvin', Up to market Windows 7 . . . WalMart bravely soldiered on, In price wars vs. Amazon. . . .And for the umpty-umth year, Boeing, Can't get its Dreamliner going. . . .The woe extends to Donald Trump, Who's suffering from a gambling slump, And layoffs even ruled the day, (And this rare) at J&J. . .Let each market force allow, a solidly five-digit Dow.

DuPont DD $31.87 -0.14 0.44% 8,696,705 NYSE: No mentions found.

ExxonMobil XOM $68.21 -0.01 0.01% 60,852,292 NYSE: BusWek p10 days ExxonMobil CEO Rex Tillerson suggests it may take awhile before the wisdom of his 12/14 $41 bil acquisition of XTO Energy is obvious. XTO drills for shale gas, a type of fuel obtained by fracking or injecting huge amounts of water and chemicals into hard subterranean rock, which is raising environmental concerns.

Bus Wk p30 "Exxon Buys A Green Headache" by Steve LeVine says with its deal to buy XGTO Energy for $31 bil, ExxonMobil became the first major oil firm to bet serious money on shale gas. With Exxon's move to scoop up a top independent producer, other majors will lock in their own supplies of shale gas, which the industry promotes as a clean, abundant fuel. Under terms of its XTO acquisition, the deal would be invalidated if Congress outlaws hydraulic fracturing or makes it commercially impracticable.

GE $15.59 -0.20 1.27% 77,369,850 NYSE: Bus Week p100 "A Power Play for China's Electrical Grid" by Bruce Einhorn says the Chinese gov plans to spend $600 bil on its electrical network, especially on smart grid technology to boost efficiency and IBM expects to get at least $400 mil in smart grid revenues in China over the next 4 yours but competition is still as GE, Hewlett-Packard, Cisco, Westinghouse, ABB, an Siemens are all vying for a piece of the market.

Hewlett-Packard HPQ $51.5 +0.94 1.86% 21,045,256 NYSE: WSJ pB3 "RIMM Gains 10%, Oracle Adds 6.4%" by Donna Kardos Yesalavich says stocks closed higher Fri. as better than expected earnings reports from Oracle and Research in Motion boosted investors' appetite for tech stocks such as Intel, Microsoft and Hewlett-Packard. Intel, Microsoft and HP led the Dow's gainers Fri. Boeing kept the Dow's gains in check Fri. It fell 1.9% after budget airline Ryanair Holdings said talks to order up to 200 new aircraft with Boeing were terminated after the firms failed to agree on certain conditions.

Bus Week p84 "A Look Back At Our 2009 Hits And Misses" by Roben Farzad, Tara Kalwarski says Business Week called Coca-Cola, Dow Chemical, Hewlett-Packard, Schering-Plough, and Tesco comfort stocks. If you'd invested $2,000 in each, you'd be up 69.6%.

Bus Week p100 "A Power Play for China's Electrical Grid" by Bruce Einhorn says the Chinese gov plans to spend $600 bil on its electrical network, especially on smart grid technology to boost efficiency and IBM expects to get at least $400 mil in smart grid revenues in China over the next 4 yours but competition is still as GE, Hewlett-Packard, Cisco, Westinghouse, ABB, an Siemens are all vying for a piece of the market.

Home Depot HD $28.65 -0.15 0.52% 16,847,792 NYSE: WSJ pB1 "Snyder's Six Flags Roller-Coaster Ride" by Mike Spector says 4 years ago Washington Redskins owner Daniel Snyder led a contentious shareholder revolt at theme park operator Six Flags Inc. and became its chairman. Now his job is on the line as a group of bondholders emboldened by roaring credit markest weigh whether to keep him in his post. Six Flags filed a Chapter 11 bankruptcy plan to restructure more than $2.4 bil in debt and kept Snyder as chairman. Now a group of angry bondholders have raised $1 bil in new debt and equity to wrest control of the firm. The story tells how Sndyder at first did a good job in generating revenues by doing deals through sponsorships like he did with the Redskins - he did deals with Papa John's and Home Depot. The Chapter 11 filing had financing from JPMorgan and Bank of America among others.

Intel INTC $19.63 +0.56 2.94% 93,079,781 NASDAQ-GS: WSJ pB1 "Despite Gain, Blue Chips End the Week Down 1.4%" by Peter A. McKay says stocks rose Fri. as an earnings-fueled rally bolstered tech stocks, but the gains were limited after a rocky week in which investors worried about sovereign credit and the global economy. After sliding more than 44 points Fri. morning, the Dow Jones Industrial Average finished up 0.2%, led by Intel's 2.8% gain. The Dow was down 1.4% for the week, the biggest decline in more than a month.

BusWk p13 says European Commission regulators on 12/16 ended an 11 year fight with Microsoft, settling remaining antitrust issues after MSFT agreed to offer rival browsers alongside Internet Explorer. But the same day, after a long investigation, the US FTC accused chip behemoth Intel of using its dominant position to shut out competitors saying Intel has been "running roughshed over the principles of fair play." Intel responded that the FTC is trying to write new rules for curbing business. Regulators in Asia and Europe have already fined Intel more than $1 bil because of pricing incentives that reward PC makes for refusing its chips.

WSJ pB3 "RIMM Gains 10%, Oracle Adds 6.4%" by Donna Kardos Yesalavich says stocks closed higher Fri. as better than expected earnings reports from Oracle and Research in Motion boosted investors' appetite for tech stocks such as Intel, Microsoft and Hewlett-Packard. Intel, Microsoft and HP led the Dow's gainers Fri. Boeing kept the Dow's gains in check Fri. It fell 1.9% after budget airline Ryanair Holdings said talks to order up to 200 new aircraft with Boeing were terminated after the firms failed to agree on certain conditions.

IBM $127.91 +0.51 0.4% 8,877,705 NYSE: Bus Week p100 "A Power Play for China's Electrical Grid" by Bruce Einhorn says the Chinese gov plans to spend $600 bil on its electrical network, especially on smart grid technology to boost efficiency and IBM expects to get at least $400 mil in smart grid revenues in China over the next 4 yours but competition is still as GE, Hewlett-Packard, Cisco, Westinghouse, ABB, an Siemens are all vying for a piece of the market.

JPMorgan Chase JPM $40.95 +0.68 1.69% 47,354,422 NYSE: WSJ pB1 "Snyder's Six Flags Roller-Coaster Ride" by Mike Spector says 4 years ago Washington Redskins owner Daniel Snyder led a contentious shareholder revolt at theme park operator Six Flags Inc. and became its chairman. Now his job is on the line as a group of bondholders emboldened by roaring credit markest weigh whether to keep him in his post. Six Flags filed a Chapter 11 bankruptcy plan to restructure more than $2.4 bil in debt and kept Snyder as chairman. Now a group of angry bondholders have raised $1 bil in new debt and equity to wrest control of the firm. The story tells how Snyder at first did a good job in generating revenues by doing deals through sponsorships like he did with the Redskins - he did deals with Papa John's and Home Depot. The Chapter 11 filing had financing from JPMorgan and Bank of America among others.

BusWk p24 "Proding banks Without A Stick" by Bradley Keoun says it will be difficult for the Obama Admin. to get banks to boost lending because banks' books are still filled with troubled loans, regulators are pushing banks to maintain a big cushion to protect against losses, & with the big banks paying back tARP funds, the US doesn't have the same leverage to influence strategy. JPMorgan cut the unused portion of customers' credit card lines by 6.3% this year, to $584.2 bil, as of 9/30, it reduced home equity lines by 32% to $64.8 bil.

Johnson & Johnson JNJ $64.37 -0.10 0.16% 21,621,129 NYSE: Bus Week p42 "Many Happier Returns" by Marc Miller, illustrations by Michael Witte is a poem that looks at 2009 and includes these references to Dow Jones 30 firms: "Bob Iger helped make Disney shine, By snapping up the Marvel line, And also made his stock price spark, Announcing that new Shanghai park, While Microsoft made big noise revvin', Up to market Windows 7 . . . WalMart bravely soldiered on, In price wars vs. Amazon. . . .And for the umpty-umth year, Boeing, Can't get its Dreamliner going. . . .The woe extends to Donald Trump, Who's suffering from a gambling slump, And layoffs even ruled the day, (And this rare) at J&J. . .Let each market force allow, a solidly five-digit Dow.

Kraft KFT $27.01 +0.13 0.48% 12,684,526 NYSE: WSJ pB5 "Cadbury Rallies Opposition to Kraft" by Cecilie Rohwedder, Jeffrey McCracken says Cadbury's ceo said his firm's shareholders don't embrace Kraft's $16.2 bil bid to acquire his firm. CEO Sitzer's remarks capped a week of intense lobbying against Kraft's akeover bid by Cadbury.

McDonald's MCD $62.17 +0.25 0.4% 9,486,974 NYSE: Bus Week "2010 Investment Outlook" by Peter Coy says makers of consumer staples that serve the growing markets of Asia and Latin America are a good bet for 2010 says Rajiv Jain, head of int'l equities for Vontobel Asset Management. He likes Coca-Cola, Nestle, Diageo, McDonald's and BAT. Many of these firms have handsome dividend yields as well as price earnings multiples that are historically low in comparison with those of growth stocks.

Merck MRK $37.4 +0.12 0.32% 24,759,165 NYSE: Bus Wk p102 "Stronger Bones Builds Resistance" says 2 separate studies showed that bone building drugs such as Merck's Fosamax, Novartis's Zometa, and Roche's Bonivva may cut older women's risk of breast cancer by 32%.

Microsoft MSFT $30.36 +0.76 2.57% 88,933,360 NASDAQ-GS: BusWk p13 says European Commission regulators on 12/16 ended an 11 year fight with Microsoft, settling remaining antitrust issues after MSFT agreed to offer rival browsers alongside Internet Explorer. But the same day, after a long investigation, the US FTC accused chip behemoth Intel of using its dominant position to shut out competitors saying Intel has been "running roughshed over the principles of fair play." Intel responded that the FTC is trying to write new rules for curbing business. Regulators in Asia and Europe have already fined Intel more than $1 bil because of pricing incentives that reward PC makes for refusing its chips.

WSJ pB3 "RIMM Gains 10%, Oracle Adds 6.4%" by Donna Kardos Yesalavich says stocks closed higher Fri. as better than expected earnings reports from Oracle and Research in Motion boosted investors' appetite for tech stocks such as Intel, Microsoft and Hewlett-Packard. Intel, Microsoft and HP led the Dow's gainers Fri. Boeing kept the Dow's gains in check Fri. It fell 1.9% after budget airline Ryanair Holdings said talks to order up to 200 new aircraft with Boeing were terminated after the firms failed to agree on certain conditions.

BusWk p22 "A Google Phone May Dial Up Trouble" by Olga Kharif says Google has invested a lot of time and money in building abroad alliance of firms to support Android, its opepaing system for mobile phones. The Open Handset Alliance now totals 47 members, including hardware, software, and chip firms. Now Google is considering a move to sell it s own phone, which risks undermining the coalition. Some phone makes will drop Android if Google gets into the handset business. Some partners may switch allegiance to Android rivals, such as Symbian, the operating system backed by Nokia, or even the declining Microsoft Windows Phone.

Bus Week p42 "Many Happier Returns" by Marc Miller, illustrations by Michael Witte is a poem that looks at 2009 and includes these references to Dow Jones 30 firms: "Bob Iger helped make Disney shine, By snapping up the Marvel line, And also made his stock price spark, Announcing that new Shanghai park, While Microsoft made big noise revvin', Up to market Windows 7 . . . WalMart bravely soldiered on, In price wars vs. Amazon. . . .And for the umpty-umth year, Boeing, Can't get its Dreamliner going. . . .The woe extends to Donald Trump, Who's suffering from a gambling slump, And layoffs even ruled the day, (And this rare) at J&J. . .Let each market force allow, a solidly five-digit Dow.

Pfizer PFE $18.3 +0.08 0.44% 60,409,826 NYSE: No mentions found.

Procter & Gamble PG $61.55 -0.04 0.06% 22,191,602 NYSE: No mentions found.

3M MMM $80.97 +0.50 0.62% 6,571,885 NYSE: No mentions found.

Traveler's TRV $48.14 -0.24 0.5% 9,183,042 NYSE: No mentions found.

United Technologies UTX $69.46 -0.12 0.17% 9,339,694 NYSE: No mentions found.

Verizon VZ $32.8 -0.01 0.03% 17,623,508 NYSE: AJC p13 says Verizon wireless says it started charging customers more to break service contracts for smart phones because they cost more. VZ says the difference between what it pays manufacturers for phones and what it charges contract customers is more than twice as large for smart phones as for standard phones. The explanation comes in response to an inquiry from the FCC on why VZ doubled the fees from $175 to $350 it charges customers to break service contracts on smart phones.

BusWk p21 "Can AT&T Tame The IHogs" by Peter Burrows, Olga Kharif says AT&T has the exclusive rights tos ell the iPhone in the US and is bashed incessantly for service that rarely lives up to the elegant promises of Apple's sleek device. Now, when many consumers feel they should be receiving rebates, AT&T is getting lambasted for hinting it might take measures to rein in the heaviest iPhone users. Some customers even planned to crash AT&T's wireless network on Dec. 18 in protest. yet Ma Bell has a point. with the smartphone fast replacing the PC as atthe center of many consumers' digital lives, changes int he way people use mobile computing are inevitable Bandwith isn't unlimited and 3% of iPhone users account for 40% of the traffic on its data network. The other 97% may get better, cheaper service if YouTube video and online radio addicts paid more the the network upgrades required to support their habit. AT&T Mobility Pres. Ralph de la Vega says it is mulling changes to the $30 a month unlimited data plan that most of its customers uses. Verizon Wireless introduced the first unlimited wireless data plan in '02, when most subscribers simply made voice calls and swapped emails on their phones. Today, iPhone users listen to hours of online music and playing games over the Web. The difference in data use is enormous. A short video takes as much bandwidth as 500,000 text messages. In the 3 years since the iPhone's debut, data traffic on AT&T's network has soared 5,000%.

WalMart WMT $52.85 +0.09 0.17% 25,192,195 NYSE: Bus Week p42 "Many Happier Returns" by Marc Miller, illustrations by Michael Witte is a poem that looks at 2009 and includes these references to Dow Jones 30 firms: "Bob Iger helped make Disney shine, By snapping up the Marvel line, And also made his stock price spark, Announcing that new Shanghai park, While Microsoft made big noise revvin', Up to market Windows 7 . . . WalMart bravely soldiered on, In price wars vs. Amazon. . . .And for the umpty-umth year, Boeing, Can't get its Dreamliner going. . . .The woe extends to Donald Trump, Who's suffering from a gambling slump, And layoffs even ruled the day, (And this rare) at J&J. . .Let each market force allow, a solidly five-digit Dow.

***************************************
Here are the CEOs of the Dow 30 Companies:

T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis who will be replaced on 1/1 by Brian T. Moynihan.
BA W. James McNerney, Jr.
CAT James W. Owens who will be replaced by Douglas Oberhelman in 2010.
CVX David O'Reilly who will be replaced by John Watson at year end.
CSCO John Chambers
KO Muhtar Kent
DIS Robert 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 12/19/09 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $328 [5]
2. Microsoft MSFT 271 [9]
3. WalMart WMT 201 [4]
4. Chevron CVX 188 [2.5]
5. Procter & Gamble PG 180 [3]
6. Johnson & Johnson JNJ 178 [3]
7. IBM 168 [1.5]
8. GE 166 [10.5]
9. JPMorgan Chase 161 [4]
10. AT&T 161 [6]
11. Pfizer PFE 148 [8]
12. Cisco CSCO 135 [6]
13. BAC 130 [8.6]
14. Coke KO 132 [2]
15. Hewlett-Packard HPQ 122 [2]
16. Intel INTC 110 [5.5]
17. McDonald's MCD 103 [1.5]
18. Verizon VZ 93 [3]
19. Merck MRK 79 [2]
20. United Technologies UTX 65 [1]
21. Disney DIS 60 [2]
22. 3M MMM 57 [.5]
23. Home Depot 49 [2]
24. American Express AXP 48 [1]
25. Kraft KFT 40 [1.5]
26. Boeing BA 39 [1]
27. Caterpillar CAT 36 [.5]
28. DuPont DD 29 [1]
29. Travelers 26 [.5]
30. Alcoa AA 14 [1]

Here are the latest SEC filings as of 12/18/09 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses 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: 12/18/09 8K re: amendment Bylaws to provide that the Chairman of the Board shall call a special meeting of the stockholders whenever requested in writing to do so by stockholders representing 15% (rather than 25%) of the outstanding shares of AT&T.

12/14/09 8K re: agreement with the Communications Workers of America on new, three-year contracts covering approximately 30,000 employees in CWA District 3 (AT&T's Southeast region).

Alcoa AA: 11/20/09 8K re: the temporarily idling of production at its two aluminum smelters in Fusina and Portovesme, Italy while appealing a European Commission decision that Italy’s extension of the existing electricity tariff after 2005 did not comply with European Union state aid rules and that a portion of the benefit received by Alcoa must be refunded. The curtailments in Italy will bring Alcoa’s total global smelting system curtailments to approximately 24 percent. Alcoa expects to take a 4Q '09 charge of between $300 million and $500 million, pre-tax, including the temporary curtailment and recovery actions.

American Express AXP: 12/15/09 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended September 30, October 31 and November 30, 2009.

Bank of Am BAC: 12/17/09 re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

12/9/09 8K re: amending its Certificate of Incorporation to fix the designations, preferences, limitations and relative rights of the Series S Preferred Stock.

12/3/09 Form 8K re: BAC's repaying the entire $45 billion investment borrowed under the Troubled Asset Relief Program.

12/3/09 8K re: BAC being named as a defendant in two related lawsuits filed in the U.S. District Court for the Southern District of New York.

Boeing BA: 11/20/09 8K re: Boeing issued $700,000,000 of 1.875% Senior Notes due 2012 and $500,000,000 of 3.750% Senior Notes due 2016.

Caterpiller CAT: 12/18/09 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.

12/15/09 8K re: amendments to Bylaws.

Chevron CVX: 12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/24/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 12/2/09 10K

DuPont DD: 11/5/09 Prospectus relating to $1,000,000,000 3.250% Notes due 1/15 & $1,000,000,000 4.625% Notes due January 15, 2020

ExxonMobil XOM: 12/14/09 8K re: Merger Agreement to buy XTO Energy.

12/1/09 8K re: fixing a total ceiling of $139 million in respect of 2009 under XOM's Short Term Incentive Program.

GE: 12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 12/17/09 10K

Home Depot HD: 12/3/09 10Q

Intel INTC: 12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 11/5/09 8K announcing its Form S-3, effective August 3, 2007, relating to $2,000,000,000 of debt securities.

JPMorganChase JPM: 12/16/09 8K re: the U.S. Treasury selling in a secondary public offering, 88,401,697 warrants, each representing the right to purchase one share of the common stock, of JPM at an exercise price of $10.75 per warrant.

12/8/09 8K re: a presentation at an U.S. financial services investor conference.

Johnson & Johnson JNJ: 11/4/09 10Q

Kraft KFT: 12/15/09 8K re: a press release relating to the formal response issued by Cadbury plc regarding the offer by Kraft Foods to acquire all of the shares of Cadbury plc.

12/1/09 8K re: a revolving credit agreement for a three-year senior unsecured revolving credit facility in an aggregate principal amount of $4.5 billion with the lenders named therein and Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., as joint bookrunners, and Deutsche Bank AG New York Branch and Citibank, N.A., as co-administrative agents.

McDonalds MCD: 12/9/09 8K re: an Investor Release reporting MCD's November and year-to-date 2009 sales.

12/4/09 8K re: resignation of Ralph Alvarez as President & COO effective December 31, 2009 & Director and MCD reduced its size by one for a total of 13 Directors.

Merck MRK: 11/4/09 8K announcing the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/14/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 12/8/09 8K re: 2010 sales and earnings outlook.

Travelers TRV: 12/11/09 8K re: the election of Donald J. Shepard as a director. He is the former chairman of the executive board and chief executive officer of AEGON N.V.

United Technologies UTX: 11/17/09 8K re: its purchase of the GE Security business from GE for $1.82 billion. The closing is pending regulatory approvals. GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms, and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.

Verizon Communications Inc. VZ: 12/7/09 8K re:amendments to bylaws.

12/1/09 8K re: agreement with Frontier Communications Corporation establishing a separate entity for its local exchange and related business assets in 14 states that will merge into Frontier. (Arizona, California, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin).

Wal-Mart WMT: 12/8/09 10Q