12/26/11 Mon. IBM Releases 5 Predictions in Technology

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Post No. 1,390 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, and a ranking of the Dow 30 components by market capitalization and Dow 30 components' SEC filings in each case as of December 1, 2011.

A read of the print editions of Monday's Barron's, Tuesday's (12/27/11) Investor's Business Daily, the combined Sat. and Sunday issues of each of the The Wall St. Journal and Financial Times, and Monday's, Sunday's and Saturday's New York Times and Atlanta Journal Constitution 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 stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 12,1294 up 124.35 or 1.02% from Thursday's close of 12,169.65. For the year the Dow is up 6.19%. For the week the Dow is up 427.61 or 3.7% from last Friday's close of 11,866.39. Of the 30 Dow components 28 gained and 2 declined. The biggest gainer dollar-wise was IBM $184.75 +2.71 1.49% 3,049,365 NYSE nd percentage-wise was Bank of America BAC $5.6 +0.13 2.38% 189,715,929 NYSE. The biggest decliner dollar-wise was Alcoa AA $8.86 -0.045 0.51% 18,545,012 NYSE and percentage-wise was Boeing BA $73.97 -0.32 0.43% 3,575,493 NYSE.

Inv. Bus. Daily pA1 "Stocks ride low volume to positive finish" by Paul Whitfield says stocks posted moderate gains Fri's pre-Christmas trade faded to a whisper. Volume was down sharply on both major exchanges. The current outlook is the market is in a confirmed uptrend. Quiet volume in the week running up to Christmas and then the week before New Year's Day is typical. With earnings season beginning in the second week of Jan institutions might have reason to remain on the sidelines for a few more weeks.

Inv. Bus. Daily pB2 "Market in confirmed uptrend" says the market launched into a fresh uptrend last Tues with a boost from Nov.housing starts. Major indexes posted strong ains for the week, closing at the top of their ranges.

WSJ pA1 "Stocks hit 5 month high in year end rebound" by Jonathan Cheng says the Dow sailed into the holiday weekend at a 5 month high riding the continuing US recover and a break in the latest congressional deadlock. The Dow is back to where it was in late July just as the European debt crisis and the congressional deficit reduction battle were coming to a head.

Fin Times p11 "NYSE Euronext falls behind as S&P solidifies gains" by Ajay Makan says shares in NYSE Euronext fell 2.2% the day afer US regulators gave a green light to its merger with German rival Deutsche Borse. Elsewhere, US stocks edged up in light trading in spite of data revealing a smaller than expected rise in consumer spending in Nov. Just 2 sotcks, IBM and McDonald's, accounted for half of the Dow's gains this year because the DJIA is weighted by stock price rather than market value.

Sat NYT pB6 "Market close for holidays in slow but hopeful climb" by AP says stocks closed higher Fri after a quiet, preholiday session that turned the S&P positive for the year.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B10 of Saturday's Wall St. Journal is 0.132129493. Saturday's trailing P/E ratio is 13.30 up from Friday's trailing P/E ratio of 13.16 (year ago it was 14.76); Saturday's P/E estimate is 12.37 up from Friday's P/E estimate of 12.20 (year ago it was 13.54), and Saturday's dividend yield is 2.59 down from Friday's dividend yield of 2.61 (last year it was 2.48). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average closing numerator was 1,624.40 up 16.438.18 from Thursday's closing numerator of 1,607.97. 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 for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $54.15 up $0.55 from Thursday's average closing price of $53.60. The median closing price of Friday's Dow Jones Industrial Average was $44/13 (DD/HD) up $0.38 from Thursday's median closing price of $43.75. The lowest volume was Travelers TRV $59.35 +0.16 0.27% 1,848,064 NYSE and the highest volume again was Bank of America BAC $5.6 +0.13 2.38% 189,715,929 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 $1,643 ($162,440 - $160,797).

MarketWatch Thursday 12/23/11 4:30 pm by Kate Gibson says US stocks on Friday rallied to their third weekly gain in four after Congress approved a tax-cut extension and orders for durable goods in November climbed the most in four months. “An early Christmas has descended on the economy in the form of better numbers and a two-month extension of the payroll-tax cut,” Kevin Giddis, fixed-income strategist at Morgan Keegan, wrote in emailed commentary. Up 3.6% on the week and 6.2% for 2011 so far, the Dow Jones Industrial Average DJIA +1.02% added 124.35 points, or 1%, to 12,294, with 28 of its 30 components rising. The S&P 500 index SPX +0.90% added 11.33 points, or 0.9%, to 1,265.33 with consumer discretionary leading gains that included all of its 10 major sectors. The index finished 3.7% ahead of last Friday’s close and 0.6% higher than it stood at the end of 2010. The Nasdaq Composite COMP +0.74% advanced 19.19 points, or 0.7%, to 2,618.64, leaving it up 2.5% for the week but off 1.3% for 2011. For every stock that lost ground more than two gained on the New York Stock Exchange, where not quite 478 million shares traded. Composite volume topped 2.2 billion. “Keep in mind that trading volume is light and directional moves, as a result, might be a bit exaggerated, but investors appear to be voting with sell tickets for Treasurys and buy tickets for riskier assets like stocks, anticipating that in 2012, the economy will do better, even if it is by just a little,” noted Giddis. Treasury prices fell, with the yield on the benchmark 10-year note 10_YEAR +4.10% used in determining mortgage rates and other consumer loans rising to 2.027%. On the New York Mercantile Exchange, crude-oil futures CL2G +0.31% rose 15 cents to finish at $99.68 a barrel and gold futures GC2G -0.14% fell $4.60 to end at $1,606.00 an ounce. The contracts finished early Friday and stay shut on Monday due to the Christmas holiday. In Washington, Congress approved a two-month payroll tax cut extension a day after Republicans in the House gave way to President Barack Obama and Senate Republicans on the issue. The Commerce Department on Friday said orders for long-lasting goods climbed 3.8% in November, while consumer spending climbed 0.1% last month. A third report had new-home sales for November rising 1.6% to a seven-month high.

Friday's Closing Dow Numbers and Monday's, Sunday's and Saturday's News:

Symbol Last Sale Change % Change Share Volume Market

AT&T T $29.87 +0.21 0.71% 18,039,302 NYSE: Sun NY Times pA14 Editorial "Verizon's worrisome cable deals" says AT&T's decision to drop its bid for T-Mobile is a victory for the FCC but the battle to defend competition in telecommunications is hardly over as Verizon Wireless has been buying big chunks of spectrum from the big cable carriers and signing contracts with them to sell each other's services. There is potential for these agreements to curtail competition. Verizon relieved itself of the need to expand FiOS, the high speed fiber optic network, beyond the 18 mil homes it set out to reach 6 years ago. For the other 114 mil homes in the US it can bundle its wireless service with the cable and wireline broad band services of its partners. It looks like cable carriers will control of high speed broadband into the home while AT&T and Verizon will control wireless.

Inv. Bus. Daily pB2 "Weekly Top 10" says the 10th top story this past week was AT&t dropping its $39 bil bid to buy Deutche Telekom's T-Mobile USA after US regulators opposed the deal.

IBD pA2 ""AT&T", AJC pA9 "AT&T gets OK to buy Qualcomm airwaves" says AT&T won approval from fed regulators for its $1.93 bil purchase of Qualcomm Inc. airwaves 3 days after dropping its plan to buy T-Mobile.

Barron's p12 "Week in Review" says AT&T withdrew its bid for T-Mobile USA, Bank of America settled Countrywide Financial discrimination charges for $335 mil, and MF Global's transfer of $200 mil to JPMorgan before its bankruptcy is drawing scrutiny.

Barron's p16 "Forget T-Mobile, take solace in AT&T's payout" by Mark Veverka says AT&T's fat dividend makes AT&T's stock worthwhile.

Barron's p31 "How dividend funds differ" by Brendan Conway says High-Dividend Equity fund has returned 11.2% since its inception in March and its top holdings as of 12/22 include AT&T, Pfizer and Johnson & Johnson.

Barron's p9 "AT&T boss is more than a failed bid" says AT&T's CEO Randall Stephenson has done a lot to drive organic growth in areas such as mobile communications and mobile for AT&T and should not be remembered just for the failed T-Mobile bid.

Alcoa AA $8.86 -0.045 0.51% 18,545,012 NYSE: Barron's pM3 "Investors step on the accelerator again" by Vito J. Racanelli says McDonald's is the year's top big US stock, up 30.5%, Bank of America down 58% and the cyclical Alcoa down 42% took it on the chin.
American Express AXP $47.95 +0.32 0.67% 3,120,817 NYSE

Bank of America BAC $5.6 +0.13 2.38% 189,715,929 NYSE: IBD pA2 "BofA seen mulling asset sales" says in order to comply with new int'l rules re: capital requirements, Bank of America may sell assets as it tries to catch up on peers like JPMorgan, Wells Fargo and Citigroup. It has sold $50 bil in assets since Jan '10 and doesn't have many big ticket items left unless it cuts into its flagship business.

Barron's p12 "Week in Review" says AT&T withdrew its bid for T-Mobile USA, Bank of America settled Countrywide Financial discrimination charges for $335 mil, and MF Global's transfer of $200 mil to JPMorgan before its bankruptcy is drawing scrutiny.

Barron's pM3 "Investors step on the accelerator again" by Vito J. Racanelli says McDonald's is the year's top big US stock, up 30.5%, Bank of America down 58% and the cyclical Alcoa down 42% took it on the chin.

Boeing BA $73.97 -0.32 0.43% 3,575,493 NYSE: IBD pA7 "Squeezing miles from the skies" by Jason Ma just as a decade long military buildup comes to a close, civil aviation is launching into a worldwide expansion that may compensate aircraft makers & their suppliers fro the downshifting defense trade. Southwest Airlines on Dec 13 ordered 150 Boeing 737s and Japan's All Nippon Airways took delivery of the first Boeing 787 in Sept launching a competitive, new era of lightweight, fuel efficient jetliners in this lengthy industry snapshot of the aerospace/defense industry.

Caterpillar CAT $92.25 +0.44 0.48% 3,356,759 NYSE:

Chevron CVX $107.5 +1.19 1.12% 3,764,991 NYSE:

CSCO $18.465 +0.335 1.85% 23,256,542 NASDAQ-GS:

Coke KO $69.94 +0.75 1.08% 4,614,817 NYSE: Barron's p21 "Clouds slowly lift for SunTrust" by Lawrence Strauss says Suntrust helped underwrite Coke's IPO in '19 but to shore up its liquidity in '08 it had to sell 13.6 mil of its Coke shares but still owns 30 million shares which are likely to be sold over the next few years.

Disney DIS $37.7 +0.75 2.03% 6,779,774 NYSE: Mon. NYT pB1 "A year of disappointment at the movie box office" by Brooks Barnes says ticket sales in N. America will be $500 mil behind last year despite higher prices. Even the Disney owned Pixar hd trouble even though it had a hit in Cars 2 with $191 mil in sales, it was still Pixar's worst single result after adjusting for inflation.

WSJ pB14 "Hard bargaining needed for Scripps's stock" b John Jannarone says Disney and TimeWarner have a selection of high rated channels that give them power because they would be tough for distributors to drop. Scripps trades 4% above Disney's multiple of 12.9 times.

DuPont DD $46.17 +0.60 1.32% 2,811,860 NYSE:

Exxon XOM $85.22 +0.93 1.1% 10,180,152 NYSE:

GE $18.23 +0.18 1% 46,857,101 NYSE: Fin Times p8 "GEto pay $70 il to settle US uni case" by Kara Scannell, AJC pA9 "GE to pay $70 mil to resolve bond complaints" say GE Funding Capital Market Services Inc. acknowledged illegal, anticompetitive conduct in the municipal bond investment market from '99 through '04 and agreed to pay $70 mil to resolve complaints that it manipulated the bidding process on municipal investment and related contracts.

Hewlett-Packard HPQ $25.88 +0.02 0.08% 10,600,176 NYSE: Barron's p26 "2012: year of the female CEO?" by Mark Veverka says Virginia Rometty will replace Sam Palmisano as CEO of IBM. In Sept. Hewlett-Packard's tapped Meg Whitman as CEO.

Sat NYT pB1 "An update on some columns from '11" by James Stewart says AT&T's CEO and its Board will take the blame for the failed takeover for T-Mobile. The most dysfunctional board ever was Hewlett-packard's firing Leo Apotheker.

Home Depot HD $42.09 +0.17 0.41% 4,338,921 NYSE:

Intel INTC $24.4 +0.38 1.58% 24,817,995 NASDAQ-GS: Barron's p23 "Ending he year with a bewildering bank" by Tiernan Ray says Microsoft went from 63 mil shares traded daily on average this past year to 60 million while Intel saw a fall from 66 mil to 61 mil shares. The action was in old economy stocks such as Ford or GE which saw volume hold relatively steady in the same time frame.

IBM $184.75 +2.71 1.49% 3,049,365 NYSE: MOn NYT pB3 "Behind IBM's big predictions" by Quentin Hardy says IBM has issued its annual list of 5 predictions of developments in technology for the next 5 years: 1. no more passwwords, 2. better sensors will allow for mental control of objects, 3. mobile devices that can translate language will belong to 80% of the population, 4. biometics will invert the premise of marketing as phones will reach out to companies instead of vice versa.

Barron's pM2 "Charting the Market" charts Oracle saying it disappointed analysts with its first earnings miss in 10 years causing rival stocks such as IBM to also take a tumble.

Barron's p26 "2012: year of the female CEO?" by Mark Veverka says Virginia Rometty will replace Sam Palmisano as CEO of IBM. In Sept. Hewlett-Packard's tapped Meg Whitman as CEO.

Fin Times p11 "NYSE Euronext falls behind as S&P solidifies gains" by Ajay Makan says shares in NYSE Euronext fell 2.2% the day afer US regulators gave a green light to its merger with German rival Deutsche Borse. Elsewhere, US stocks edged up in light trading in spite of data revealing a smaller than expected rise in consumer spending in Nov. Just 2 sotcks, IBM and McDonald's, accounted for half of the Dow's gains this year because the DJIA is weighted by stock price rather than market value.

JPMorgan JPM $33.57 +0.12 0.36% 21,867,998 NYSE: IBD pA2 "BofA seen mulling asset sales" says in order to comply with new int'l rules re: capital requirements, Bank of America may sell assets as it tries to catch up on peers like JPMorgan, Wells Fargo and Citigroup. It has sold $50 bil in assets since Jan '10 and doesn't have many big ticket items left unless it cuts into its flagship business.

Barron's p12 "Week in Review" says AT&T withdrew its bid for T-Mobile USA, Bank of America settled Countrywide Financial discrimination charges for $335 mil, and MF Global's transfer of $200 mil to JPMorgan before its bankruptcy is drawing scrutiny.

Johnson & Johnson JNJ $65.98 +0.80 1.23% 6,421,786 NYSE: Barron's p31 "How dividend funds differ" by Brendan Conway says High-Dividend Equity fund has returned 11.2% since its inception in March and its top holdings as of 12/22 include AT&T, Pfizer and Johnson & Johnson.

WSJ pB3 "J&J's Doxil cancer drug faces 12 month holdup" by Peter Loftus says Johnson & Johnson doesn't expect to receive new supplies of its cancer drug Doxil from a troubled contract manufacturer's plant until late '12.

Fin Times p8 "J&J refuses to pool its HIV drug rights" by Andrew jack says Johnson & Johnson has rejected calls to offer patent rights on its HIV medicines to generic drug firms through a pool designed to boost research and access for patients.

Kraft KFT $37.74 +0.43 1.15% 4,707,609 NYSE:

McDonald's MCD $100.15 +1.55 1.57% 3,501,147 NYSE: Barron's pM3 "Investors step on the accelerator again" by Vito J. Racanelli says McDonald's is the year's top big US stock, up 30.5%, Bank of America down 58% and the cyclical Alcoa down 42% took it on the chin.

Fin Times p11 "NYSE Euronext falls behind as S&P solidifies gains" by Ajay Makan says shares in NYSE Euronext fell 2.2% the day afer US regulators gave a green light to its merger with German rival Deutsche Borse. Elsewhere, US stocks edged up in light trading in spite of data revealing a smaller than expected rise in consumer spending in Nov. Just 2 sotcks, IBM and McDonald's, accounted for half of the Dow's gains this year because the DJIA is weighted by stock price rather than market value.

Merck MRK $37.9 +0.345 0.92% 9,510,427 NYSE:

Microsoft MSFT $26.03 +0.22 0.85% 23,146,423 NASDAQ-GS: Tues NYT pB3 "Microsoft to skp top trade show" by Nick Wingfield says Microsoft has said the '
12 Consumer Electronics Show in Las Vegas wuld be its last, partly because of its timing as it right afer the holiday shopping season.

Pfizer PFE $21.83 +0.20 0.92% 29,223,619 NYSE: Barron's p31 "How dividend funds differ" by Brendan Conway says High-Dividend Equity fund has returned 11.2% since its inception in March and its top holdings as of 12/22 include AT&T, Pfizer and Johnson & Johnson.

Procter & Gamble PG $66.67 +0.48 0.73% 5,188,166 NYSE:

3M MMM $82.2 +1.23 1.52% 2,034,354 NYSE:

Travelers TRV $59.35 +0.16 0.27% 1,848,064 NYSE:

United Technologies UTX $74.18 +0.67 0.91% 2,272,277 NYSE:

Verizon VZ $39.98 +0.69 1.76% 13,141,521 Dual Listed: Sun NY Times pA14 Editorial "Verizon's worrisome cable deals" says AT&T's decision to drop its bid for T-Mobile is a victory for the FCC but the battle to defend competition in telecommunications is hardly over as Verizon Wireless has been buying big chunks of spectrum from the big cable carriers and signing contracts with them to sell each other's services. There is potential for these agreements to curtail competition. Verizon relieved itself of the need to expand FiOS, the high speed fiber optic network, beyond the 18 mil homes it set out to reach 6 years ago. For the other 114 mil homes in the US it can bundle its wireless service with the cable and wireline broad band services of its partners. It looks like cable carriers will control of high speed broadband into the home while AT&T and Verizon will control wireless.

Walmart WMT $59.99 +0.80 1.35% 6,156,434 NYSE: Mon NYT pB2 "Baby formla is called safe" by Bloomberg says Mead Johnson Nutrition said on Sun that tests it conducted on samples of its Enamil baby formula tied to a FDA investigation found no presence of Cronobacter bacterium that can be fatal. Mead Johnson shares fell 5% Friday, after falling 10% Thursday when Walmart withdrew the formula from its shelves.

Sat. AJC pA9 "More stores recall batch of infant formula" says more stores have joined Walmart in pulling Enfamil Newborn baby formula after a baby died in Missouri.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Chicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)

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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:

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

AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices

Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results

American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8

Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil

Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes

Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement

Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes

Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11

Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes

Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract

DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11

ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results

GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil

Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11

Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11

Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes

IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11

JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference

Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11

Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference

McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales

Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp

Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.

Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11

Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors

3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes

Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes

United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich

Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.

WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11