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THE FCC released its final media ownership rules. They loosen caps on cross-ownership of TV, radio and newspaper outlets, drawing the ire of lawmakers. DOCUMENTUM will miss Q2 views by a penny with 7 cents a share ex-items, with early results showing sales of $68 mil, 26% over last year but 6% under views. The software firm blamed delays in government spending and weakness in Asia.
OUTBACK STEAKHOUSE'S same-store June sales rose 2.8% at its namesake steak chain and 0.8% for Carrabba's Italian Grill. Also, Outback bought 14 steak restaurants from a franchisee for $29.5 mil.
MICREL ...