The News Issue Week Day

RICH AMERICA, POOR AMERICA The split nature of today's economy has been great for stock like Coach, tough for ones like Wal-Mart. Why that won't change much, even as the Democrats gain clout in Washington. he New IBM

Big Blue's shareholders have been blue for the past few years. But the tech giant has a new strategy, focused on software. Best of all, it's working.

Randall Forsyth The buck may be real loser in Iraq ...

Review&Preview A vote keeps ASMI intact. Going more nuclear ...

Storming Ahead, After run-up, a few insurers look good ...and Direct TV

Smooth Style Polo stock will stay in fashion ...

Follow the Leaders Copying smart stockpickers is one way to build a best-ideas portfolio, and it saves on management fees. A look at Oracle, Sears, AutoZone,Wendy's and other top holding of five closely watched hedge funds ...

Coming Spinoff Duke Energy's powerful idea ...

The New Big Blue Cover Story: IBM investors may soon be smiling like CEO Palmisano, as Wall Street comes to realize that Big Blue's reinvention as a software giant gives it a steadier, more profitable business with plenty of potential for further improvement ...

Spreading Joy The four rules of good giving ...

Technology Trader Microsoft stock could be ready for takeoff, now that new version of Vista and office have launched ...

13 Great Gadgets Our pick for sleek and sophisticated gadget gifts include Sony TAV-L1 all-in-one home theater, a digital SLR camera, Logitech's Harmony 1000 universal remote ...

Thursday

China's Spies Size Up The World's New Cars

I first met the young Chinese lady inside a Volvo C30, a new two-door baby hatchback, as, she politely leaned over and pushed my feet away from the floor pedals. I was at the Paris Motor Show to take in the scene; she was there to snap digital photos of window latches, push-buttons and other interior fIx­ ings. I bumped into her again-quite literally-in the new Lexus LS600 hybrid. And I saw her and several others like her taking photos inside a Citroen Picasso minivan, a Bentley Con­ tinental GTC convertible and even a tiny Smart. Naturally, I was getting curious, so I asked her what she was up to. With a What were those broad grin and perfect English, she sai she had been brought to Paris by her employel; one of the larger China's car makers makers, though which one she wouldn'tsay. Her company planned to launch cars in Europe and the U.S. and wanted to knowwhat the competition was up to.

She and her colleagues, all clad in brown smocks, then con­ tinued on their errands-the latest sign of China's rising pro­ fIle in the auto industry. Honda already has begun e},,-porting Chinese compact cars to Em'ope, and cars from China's Chel'J! Automobile may be headed to America via a joint ventm'e \vith DaimlerChrysler. My new friend promised we'd meet again ~in 2008 or 2010. By then, she said, she would be in sales, promoting her company's cars.

Other countries were represented amply at the show.

France's home teams had the flashiest displays, led by Citl'Oen and its concept C-Metisse with gull-wing doors; they open to re­ veal the entire interior. Peugeot's new top-of-the-line 908RC also attracted big crowds. Though BMW's redesigned X5 was ab­ sent, its new-looking 3-series and Mini Cooper were winners.

As for the U.S. entries, the new Dodge Nitro, a souped-up cousin of Chrysler's Jeep Liberty, clearly won fans. That was a ' surprise, given that a fIll-up in France can cost 80 bucks or more.

Source: Barron's-JAY PALMER

Complete Archive Desember 2006

The New Cisco As technologies like Internet video take off, Cisco Systems, the king of computer networking, will be among the biggest winners. Why its shares could rally another 15%.

Survivor! GOP Will Hang On Despite a profusion of predictions to the contrary, the Republicans will keep control of Congress through just barely. So says our highly reliable seat by seat analysis of local political funding.

The New IBM Big Blue's shareholders have been blue for the past few years. But the tech giant has a new strategy, focused on software. Best of all, it's working.