1/22/10 Fri. pm Dow Closes 10,172.98 down 216.9 or 2.09%

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

Post #256 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 1/13/10 and an update of the Dow 30component's most recent SEC filings as of 1/13/10.

The Dow Jones Industrial Average closed Friday at 10,389.88 down 213.27 or 2.01% from Thursday's close of 10,389.88. For the week the Dow is down 436.65 or 4.12% from last Friday's close of 10,609.63. Of the 30 Dow Companies: 4 gained and 26 declined. The biggest gainer dollar-wise and percentage-wise was Procter & Gamble PG $60.31 +0.47 0.79% 17,577,188 NYSE. The biggest decliner dollar-wise and percentage-wise was American Express AXP $38.54 -3.62 8.59% 24,588,936 NYSE.

As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 17.42 down from Thursday morning's 17.98 (year ago it was 17.96) the P/E estimate is 13.65 unchanged from Thursday's 13.65 (year ago it was 10.00) and the current dividend yield is 2.64 up from Thursday's 2.58 (it was 3.88 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1,346.08 down 28.7 from Thursday's closing Dow numerator of 1,374.78. 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 decrease of 28.7 for Friday by the divisor you get the decrease in Friday's Dow close of 216.9.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 44.87 down 0.96. from Thursday's Dow Jones Industrial Average closing price of $45.83. The median closing price of Friday's Dow Jones Industrial Average was 38.83 down 2.52 from Thursday's $41.35. The lowest volume was 3M MMM $81.43 -1.27 1.54% 4,558,241 NYSE and the highest volume again was Bank of Am BAC $14.88 -0.59 3.81% 356,476,438 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 lost $2,880 ($137,490 - $134,610).

Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market

AT&T T $25.365 -0.305 1.19% 35,979,613 NYSE
Alcoa AA $13.35 -0.90 6.32% 81,718,606 NYSE
American Express AXP $38.54 -3.62 8.59% 24,588,936 NYSE
Bank of America BAC $14.88 -0.59 3.81% 356,476,438 NYSE
Boeing BA $57.775 -1.425 2.41% 4,069,845 NYSE
Caterpillar CAT $54.17 -2.68 4.71% 13,939,766 NYSE
Chevron CVX $74.46 -1.78 2.33% 12,671,007 NYSE
Cisco CSCO $22.97 -1.01 4.21% 69,835,053 NASDAQ-GS
Coca-Cola KO $54.23 -0.14 0.26% 10,297,880 NYSE
Disney DIS $29.95 -0.66 2.16% 13,430,990 NYSE
DuPont DD $32.46 -0.69 2.08% 7,468,498 NYSE
ExxonMobil XOM $66 -0.70 1.05% 35,524,031 NYSE
GE $16.125 +0.105 0.66% 155,555,939 NYSE
Home Depot HD $27.705 -0.775 2.72% 15,254,862 NYSE
Hewlett-Packard HPQ $49.29 -2 3.9% 18,573,666 NYSE
Intel INTC $19.91 -0.93 4.46% 115,045,305 NASDAQ-GS
IBM $125.5 -3.50 2.71% 9,343,702 NYSE
J.P.Morgan Chase JPM $39.125 -1.415 3.49% 102,926,505 NYSE
Johnson & Johnson JNJ $63.11 -0.86 1.34% 12,406,464 NYSE
Kraft KFT $27.855 -0.385 1.36% 16,663,082 NYSE
McDonald's MCD $63.43 +0.23 0.36% 15,091,097 NYSE
Merck MRK $38.78 -1.30 3.24% 15,672,852 NYSE
Microsoft MSFT $28.96 -1.05 3.5% 97,486,818 NASDAQ-GS
Pfizer PFE $18.91 -0.33 1.72% 53,862,631 NYSE
Procter & Gamble PG $60.31 +0.47 0.79% 17,577,188 NYSE
3M MMM $81.43 -1.27 1.54% 4,558,241 NYSE
Travelers TRV $48.31 -0.64 1.31% 6,832,776 NYSE
United Technologies UTX $69.08 -1.05 1.5% 5,761,908 NYSE
Verizon VZ $30.35 -0.28 0.91% 21,679,560 NYSE
WalMart WMT $52.94 +0.02 0.04% 19,323,961 NYSE
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The following are excerpts from Friday morning's Blog:

A read of Friday's print editions of: The Wall St. Journal, The Financial Times, The New York Times, USA Today, Investor's Business Daily, Atlanta Journal Constitution & (Ga.) Daily Report 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: The Dow Jones Industrial Average closed Thursday at 10,389.88 down 213.27 or 2.01% from Wednesday's close of 10,603.15. For the year the Dow is down 0.37%. Of the 30 Dow Companies: only McDonalds and Travelers gained and 28 declined. The biggest gainer dollar-wise and percentage-wise was McDonalds MCD $63.2 +0.19 0.3% 11,679,064 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $56.85 -2.91 4.87% 13,758,192 NYSE and percentage-wise was JPMorgan Chase JPM $40.54 -2.86 6.59% 137,073,580 NYSE.

WSJ pC1 "Dow's Two Day Hit: 335.55 Pts." by E.S. Browning says stocks fell sharply, sending the Dow Jones Industrial Average to its worst 2 day percentage drop sunce June, as govs showed signs of toughening their love this year after facing to support fin'l markets last year. The Dow is down 3.1% in 2 days after beginning the year with sharp gains. Thur's pullback followed Pres. Obama's announcement of plans to limit banks' size and to move back toward the division between comm'l banks which cater to the broad public, and investment firms, which take bigger risks and trade for their own accounts.

WSJ pC5 "Large Stock Focus" by Donna Kardos Yesalavich says despite the declines in the market, Berkshire Hathaway's Baby-B shares jumped 4.6%. Meanwhile, most other stocks fell sharply as Pres. Obama's proposal to limit the size of banks and the risks they can take weighed on JPMorgan Chase and Bank of America, while materials stocks including Alcoa tumbled on worries about how demand may be affected by monetary tightening in China.

Fin Times p26 "Regulation fears trigger sell off in financial sector" by Samantha Pearson says a sell off in the fin'l sector and lingering concerns over China prompted Wall St. to suffer its biggest daily loss since Oct. Banking shares plunged after the Obama admin. revealed an aggressive series of regulatory changes that would ban risky activities such as proprietary trading.

NYT pB6 "Obama's Bank Proposal Helps Erase the Month's Gains" by Javier c. Hernandez says concerns over Pres. Obama's plan to limit the activities of banks helped drag shares down and caused banking stocks to tumble.

USA Today p4B "Dow's loss wipes out its gains for year" by Bloomberg says stocks tumbled Thurs, as the White proposed to reduce risk taking at banks and fear grew that China will take more steps to slow economic growth. ExxonMobil fell as oil and metal prices dropped.

Thursday's Dow Jones Industrial Average closing numerator was 1,374.78 down 28.22 from Wednesday's closing Dow numerator of 1403. 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 decrease of 28.22 for Thursday by the divisor you get the decrease in Thursday's Dow close of 213.27.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was 45.83 down 0.94. from Wednesday's Dow Jones Industrial Average closing price of $46.77. The median closing price of Thursday's Dow Jones Industrial Average was 41.35 down 1.84 from Wednesday's $43.19. The lowest volume was 3M MMM $82.7 -2.02 2.38% 4,749,591 NYSE and the highest volume again was Bank of Am BAC $15.47 -1.02 6.19% 548,649,770 NYSE.

If Thursday 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 lost $2,820 ($140,310 - $137,490).

AT&T T $25.67 -0.16 0.62% 39,968,794 NYSE: No mentions found.

Alcoa AA $14.25 -0.98 6.43% 69,517,140 NYSE: WSJ pC5 "Large Stock Focus" by Donna Kardos Yesalavich says despite the declines in the market, Berkshire Hathaway's Baby-B shares jumped 4.6%. Meanwhile, most other stocks fell sharply as Pres. Obama's proposal to limit the size of banks and the risks they can take weighed on JPMorgan Chase and Bank of America, while materials stocks including Alcoa tumbled on worries about how demand may be affected by monetary tightening in China.

American Express AXP $42.16 -0.82 1.91% 16,682,746 NYSE: WSJ pC3 "AmEx's Profit Nearly Triples" says AXP's 4Q profit nearly tripled as loan loss provisions declined 47% and overall card member spending 8%. It had a profit of $716 mil, or 60 cents a share, up from $240 mil, or 21 cents a share, a year earlier. Rev fell 0.3% to $6.49bil.

Bank of America BAC $15.47 -1.02 6.19% 548,649,770 NYSE: WSJ pC5 "Large Stock Focus" by Donna Kardos Yesalavich says despite the declines in the market, Berkshire Hathaway's Baby-B shares jumped 4.6%. Meanwhile, most other stocks fell sharply as Pres. Obama's proposal to limit the size of banks and the risks they can take weighed on JPMorgan Chase and Bank of America, while materials stocks including Alcoa tumbled on worries about how demand may be affected by monetary tightening in China. Related stories at WSJ pC10 "Obama Deposits a Bombshell on Wall St" by Peter Eavis & at Fin Times p1 "Obama hammers the banks" by Tom Braithwaite, Francesco Guerrera, NYT pB1 "A Skeptical Reception" by Sewell Chan, Eric Dash, &USA Today p1B "Obama takes on banks and thier obscene bonuses" byPaul Wiseman, Adam Shell

Boeing BA $59.2 -1 1.66% 5,313,193 NYSE: No mentions found.

Caterpillar CAT $56.85 -2.91 4.87% 13,758,192 NYSE: No mentions found.

Chevron CVX $76.24 -1.91 2.44% 12,438,579 NYSE: No mentions found.

Cisco CSCO $23.98 -0.43 1.76% 54,533,462 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.37 -1.13 2.04% 13,636,792 NYSE: No mentions found.

Disney DIS $30.61 -0.58 1.86% 15,353,338 NYSE: No mentions found.

DuPont DD $33.15 -1.37 3.97% 8,973,342 NYSE: No mentions found.

ExxonMobil XOM $66.7 -1.33 1.96% 38,804,169 NYSE: USA Today p4B "Dow's loss wipes out its gains for year" by Bloomberg says stocks tumbled Thurs, as the White proposed to reduce risk taking at banks and fear grew that China will take more steps to slow economic growth. ExxonMobil fell as oil and metal prices dropped.

GE $16.02 -0.48 2.91% 98,355,311 NYSE: WSJ pC1 "Onetime Favorite GE Struggles to Keep Pace" by Kelly Evans says GE, once a darling of Wall St. is ow emblematic of its struggles. GE reports its 4Q earnings today and is expected to earn 26 cents a share compared with 37 cents a share the prior year and 68 cents in '07. Rev of $40 bil is expected down 13% from year prior. GE was one of the Dow's worst performers last year as it was hindered by losses at GE Capital, which accounted for half of its profit during the boom and has suffered weakness in its core industrial biz amid the global recession. GE has lost its triple A bond rating and has seen its shares below $7 last March.

Home Depot HD $28.48 -0.18 0.63% 18,838,445 NYSE: No mentions found.

Hewlett-Packard HPQ $51.29 -0.92 1.76% 18,422,492 NYSE: No mentions found.

Intel INTC $20.84 -0.24 1.14% 73,221,560 NASDAQ-GS: WSJ pB4 "AMD, With Intel's Help, Posts Prfit" by Don Clark & NYT pB2 "Intel Helps AMD Post Profit" by AP say Advanced Micro Devices was aided by a $1.2 bil payment by rival Intel to settle a lawsuit.

IBM $129 -1.25 0.96% 9,562,479 NYSE: WSJ B4 "EU Approves Oracle's Sun Takeover" by John Miller, Peppi Kiviniemi says the EU cleared Oracle's $7.4 bil takeover of Sun Microsystems after a 6 month investigation. TEU's concern was about the fate of MySQl an open source database program Sun bought for about $1 bil and the possible that Oracle could dismantle it. Databases are already a highly concentrated market, with Oracle, IBM and Microsoft controlling 85% of sales.

J.P.Morgan Chase JPM $40.54 -2.86 6.59% 137,073,580 NYSE: WSJ pC5 "Large Stock Focus" by Donna Kardos Yesalavich says despite the declines in the market, Berkshire Hathaway's Baby-B shares jumped 4.6%. Meanwhile, most other stocks fell sharply as Pres. Obama's proposal to limit the size of banks and the risks they can take weighed on JPMorgan Chase and Bank of America, while materials stocks including Alcoa tumbled on worries about how demand may be affected by monetary tightening in China. Related story at WSJ pC10 "Obama Deposits a Bombshell on Wall St" by Peter Eavis.

WSJ pB3 "Auction Won't Resolve MGM Woes" by Mike Spector, Lauren Schuker says MGM's lending group led by JP Morgan Chase and 140 investors won't receive anyhing near the $3.7 bil that is owed to them as bids for MGM ranged no higher than $2.5 bil.

Johnson & Johnson JNJ $63.97 -1.18 1.81% 14,205,606 NYSE: No mentions found.

Kraft KFT $28.24 -0.54 1.88% 28,399,635 NYSE: Fin times p18 "hershey to bow out of battle for Cadbury" by Greg Farrell, Jenny Wiggins says Hersey has conceded that Kraft's recommended bid is too high for it to top.

McDonalds MCD $63.2 +0.19 0.3% 11,679,064 NYSE: WSJ pB6 "Restaurants Begin to Count Calories" by Julie Jargon says some restaurants, like McDonald's aren't adding new low calorie menus, but MCD already offers low calories products on its menu suchs a Soutwest salad and its fruit and yogurt parfait.

Merck MRK $40.08 -0.95 2.32% 25,325,902 NYSE: No mentions found.

Microsoft MSFT $30.01 -0.575 1.88% 72,544,470 NASDAQ-GS: WSJ pB1 "Google Says it Is committed to China as Net Soars" by Jessica E. Vascellaro says Thurs. Microsoft CEO Steve Ballmer said his firm must comply with Chinese censorship laws as well as athe laws and customs fo any nation where it does business.

WSJ B4 "EU Approves Oracle's Sun Takeover" by John Miller, Peppi Kiviniemi says the EU cleared Oracle's $7.4 bil takeover of Sun Microsystems after a 6 month investigation. TEU's concern was about the fate of MySQl an open source database program Sun bought for about $1 bil and the possible that Oracle could dismantle it. Databases are already a highly concentrated market, with Oracle, IBM and Microsoft controlling 85% of sales.

Fin Times p14 "Rivals still cannot touch the iPod" by Payl Taylor considers the Microsoft Zune HD's pros and cons.

Pfizer PFE $19.24 -0.70 3.51% 76,760,990 NYSE: No mentions found.

Procter & Gamble PG $59.84 -0.61 1.01% 14,214,607 NYSE: No mentions found.

3M MMM $82.7 -2.02 2.38% 4,749,591 NYSE: No mentions found.

Travelers TRV $48.95 +0.02 0.04% 5,900,152 NYSE: No mentions found.

United Technologies UTX $70.13 -1.30 1.82% 5,075,808 NYSE: No mentions found.

Verizon VZ $30.63 -0.08 0.26% 21,867,655 NYSE: No mentions found.

WalMart WMT $52.92 -0.94 1.75% 15,942,012 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 1/13/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $335 [5]
2. Microsoft MSFT 267 [9]
3. WalMart WMT 208 [4]
4. Chevron CVX 195 [2.5]
5. Johnson & Johnson JNJ 179 [3]
6. Procter & Gamble PG 179 [3]
7. GE 177 [10.5]
8. IBM 171 [1.5]
9 JPMorgan Chase 169 [4]
10. AT&T 158 [6]
11. Pfizer PFE 153 [8]
12. Cisco CSCO 140 [6]
13. BAC 140 [8.5]
14. Coke KO 133 [2]
15. Hewlett-Packard HPQ 123 [2]
16. Intel INTC 113 [5.5]
17. McDonald's MCD 104 [1.5]
18. Verizon VZ 90 [3]
19. Merck MRK 82 [2]
20. United Technologies UTX 68 [1]
21. 3M MMM 59 [.5]
22. Disney DIS 58 [1]
23. American Express AXP 50 [1]
24. Home Depot 48 [2]
25. Boeing BA 45 [1]
26. Kraft KFT 44 [1.5]
27. Caterpillar CAT 39 [.5]
28. DuPont DD 31 [1]
29. Travelers 27 [.5]
30. Alcoa AA 16 [1.5]

Here are the latest SEC filings as of 1/13/10 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: 1/12/10 8K re: Alcoa finished its 4Q '08 free cash flow positive, the first such quarterly achievement since 2Q '08. In 4Q '09, Alcoa generated free cash flow of $761 million, a $947 million improvement from 3Q '09 driven by strong cash from operations performance of $1.1 billion, a $940 million increase from the third quarter of 2009.

12/24/09 8K re: a joint venture with Saudi Arabian Mining Company (Ma’aden) for the development of an integrated bauxite mine, alumina refinery, aluminum smelter, and rolling mill in the Kingdom of Saudi Arabia.

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 8K 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: 1/11/10 8K re: earnings for 4Q '09 are expected to be lower than 3Q '09. Upstream earnings are projected to be in line with third quarter results as the benefit of higher commodity prices is offset by the absence of gains recognized in 3Q from approval of the Gorgon project in Australia. Downstream results are expected to be sharply lower, mainly due to significantly weaker refining margins.

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: 11/2/09 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: 1/12/10 8K re: new form of agreement for the award of stock units and stock options awarded to executive officers.

1/4/10 8K re: new employment agreement with James A. Rasulo and amendment of employment agreement with Thomas O. Staggs. Rasulo will serve as Sr. EVP & CFO with an annual salary of $1,400,000.

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, of which bonuses were granted to certain officers as follows

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: 1/12/10 Prelim. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, California.

12/17/09 10K

Home Depot HD: 12/3/09 10Q

Intel INTC: 8K 1/12/10 8K re: release of 4Q earnings report on Thursday, 1/14 A public webcast of Intel’s earnings conference call will follow at 2:30 p.m. PST at www.intc.com.

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: 12/22/09 8K re: the closing of a public offering of $1,500,000,000 aggregate liquidation amount of an affiliated trust.

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.

Kraft KFT: 1/12/10 8K re: increase of guidance for '09 diluted earnings per share to at least $2.00 versus the previous expectation of at least $1.97.1 reflecting strong operating gains & a significant increase in marketing investments versus the prior year.

12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.

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.

McDonalds MCD: 12/23/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

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: 11/184/09 8KA amending financial stmts re: the earlier announcement of 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: 12/6/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/12/10 8K re: quarterly dividend of $0.44 per share on the Common Stock & on the Series A & Series B ESOP Conv. Class A Pref. Stock, payable 2/16/10 with record date of 1/22/10, which is its consistent dividend since incorporation in 1890. 4 bil times a day, P&G brands are sold globally, products include Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3, Bounty, Dawn, Gain, Pringles, Charmin, Downy, Lenor, Iams, Crest, Oral-B, Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun Fusion. P&G has 135,000 employees in 80 countries.

1/8/10 8K re:changes to its segment reporting structure & agreement to sell its global pharmaceuticals business to Warner Chilcott plc.

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: 12/18/10 8K re: incorp by reference of prior filings.

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: 1/8/10 8K re: estimates that '09 adjusted EPS will be approximately 13 to 15 cents lower than '08 adjusted EPS of $2.54 and that revenues in '09 will be higher than '08. Verizon Wireless will begin providing 4G Long-Term Evolution service in 25 to 30 markets covering 100 million points of presence)by the end of '10 &within 24 months following its start of LTE service, Verizon Wireless expects to provide LTE service to 80 to 90% of the US.

12/23/09 8K re: grant of stock options to executives.

12/7/09 8K re:amendments to bylaws.

WalMartWMT: 12/8/09 10Q