New iPhone or iPod? By Apple

First Business Morning News - Apple's riding to all-time highs on talk of a new product. Scott Martin of Astor Asset shares his expectations for the tech leader and he explains the drawbacks to lower interest rates.

http://video.google.com/videoplay?docid=-7052284504078153196

Source - http://www.firstbusinessx.com/

Japan launches project to fight Google dominance

TOKYO (MarketWatch) -- Tokyo, alarmed by the global dominance of Google and other foreign internet services, is spearheading a project to try to seize the lead in new search technologies for electronic devices, the Financial Times reported.

The key to Japan's competitiveness has been its core technology, but it needs to create a new value-added service that is personalized, the FT quoted Toshihide Yahiro, director of the information service industry division at the Ministry of Trade, as saying.

The Japanese project is comprised of 10 partnerships, each tasked with a specific next-generation search function. For example, the government has matched NTT Data with Toyota InfoTechnology Center and Toyota Mapmaster to create an interactive, personalized car navigation system. Other partnerships involve NEC, Hitachi and Sony Computer Science Laboratories, according to the FT.

The Ministry of Trade has allocated Y14 billion-Y15 billion to the project, the FT said.

Newspaper Web site: http://www.ft.com

Source- Financial Times & Dow Jones

Google Begins Hosting News on Its Site

SAN FRANCISCO -

Internet search leader Google Inc. on Friday began hosting material produced by The Associated Press and three other news services on its own Web site instead of only sending readers to other destinations.

The change affects hundreds of stories and photographs distributed each day by the AP, Agence France-Presse, The Press Association in the United Kingdom and The Canadian Press. It could diminish Internet traffic to other media sites where those stories and photos are also found - a development that could reduce the online advertising revenue of newspapers and broadcasters.

More at http://www.forbes.com/feeds/ap/2007/08/31/ap4073834.html

Source - Forbes

Sensex at 15485 Resistance

Last 2 days bulls and bears are having their climax battle .....looks like bulls gaining more strength as sensex gained more than 100 points from its earlier close of 15318 to todays close of 15422.......but bulls are little tired now for short term hence tomorrow Sensex will face resistance in crossing 15485.........lots of profit booking expected. This is 2nd last hurdle for sensex to enter into uncontrolled territory...next being the all time high at 15800.

We may see correction near 15485 for some 100-200 points.........though for long term strength i would prefer it consolidate bit more between 15050 and 15485 before crossing it finally. Will it kiss the lower level?

But as the Li0ns have already arrived to help bulls and kick bears.......selective stocks will pull the sensex up at new highs much earlier then expected.

Watch Banking space carefully.........breaking out for some 10-50% gains on most of valued stocks.
Pharma has also bottomed out.........contra can take some positions in IT also with a risk involved.

Infrastructure and Power will lead the semi-final blow out rally now.......

Lot of investors are expecting a big fall in sensex in Sept.....and again going to 14k......more people will believe this less likely it will be but even if it will happen it will be a Great opportunity for us to buy in a very small time.....just grab. For Long term I stick to my earlier post for 18k.

Sensex saying....Aaaj Mai Upar....Aaj Mai aage......Jamana hai peeche......tell me oh khuda mai kya karuun......challu siddhi ke ullti challlu..........

Sensex T1 16500 T2 18000..........20k is in sight now.....never go below 13k

Sensex Target 16500 near Diwali (Problty 62%),
LongTerm Target 18000 for 2008(Probability 89%) and then 20k,
ShortTerm StopLoss 15050, MediumTerm STopLoss 14450,
13700 is History(Problty 5%).......
Hug it if it kisses 14500 again, (Problty 21%)
(Contact me at indiaved@gmail.com if want to Ride India Growth Story - Prob 100%)
Reward - Exponential Growth of your investments with 0% Risk whichever way the market go.

current sensex value@ 15318