Ford CEO Mulally Yucking It Up on the Links While Company Falters

So the company you just took over is going down the tube fast and just racked up a record $12.7 billion loss. What do you do? Golf I guess.

The Detroit Free Press sports section has an embarrassing article on Ford's (NYSE: F) new CEO Alan Mulally discussing how he is spending more time on the links then in the corporate office lately.

RIDICULOUS

From the article:

"The news is bad all around, and Alan Mulally is playing golf. Five days before Ford Motor Co. announced its record $12.7-billion loss for 2006, the chief executive officer played in the pro-am of the PGA Tour's Bob Hope Chrysler Classic near Palm Springs, Calif.

Two weeks after making the historic announcement, Mulally was back on the PGA Tour, this time teeing it up in the AT&T Pebble Beach National Pro-Am.

That means Mulally has played in more PGA Tour events this year than Tiger Woods." Link to the Article

Renaissance Technologies Disclosed a Number of New 5%+ Positions

Renaissance Technologies disclosed a number of new 5%+ positions today in various 13G filings. Renaissance Technologies, started by Jim Simons, is considered one of the most successful hedge funds. Renaissance is a "black-box" fund, using sophisticated computer models to predict market movements.

New 5%+ positions:
Zoll Medical (Nasdaq: ZOLL) 6.05% stake.
World Wrestling Entertainment (NYSE: WWE) 8.4% stake
Versant Corporation (NASDAQ: VSNT) 5.2% stake
UTStarcom, Inc. (NASDAQ: UTSI) 8.45% stake
Sigmatel (NASDAQ: SGTL) 5.75% stake
RadiSys Corporation (NASDAQ: RSYS) 5.25% stake
QLT Inc. (Nasdaq: QLTI) 6.8% stake
PortalPlayer, Inc. (Nasdaq: PLAY) 9.16% stake
Planar Systems, Inc. (Nasdaq: PLNR) 5.81% stake
Northstar Realty Finance (NYSE: NRF) 5.49% stake
Northgate Minerals Corporation (AMEX: NXG) 5.72% stake
Nortel Inversora S.A. (NYSE: NTL) 5.47% stake
NewMarket Corporation (NYSE: NEU) 5.84% stake
Network Equipment Technologies, Inc. (NYSE: NWK) 5.36% stake
NDS Group plc (Nasdaq: NNDS) 6.4% stake
National Telephone Company of Venezuela (NYSE: VNT) 5.59% stake
Mothers Work, Inc. (Nasdaq: MWRK) 6.58% stake
Microstrategy Incorporated (Nasdaq: MSTR) 6.09% stake
Mercury Computer Systems (Nasdaq: MRCY) 5.42% stake
Mentor Graphics (Nasdaq: MENT) 5.29% stake
McData Corporation 7.59% stake
Interstate Hotels & Resorts, Inc (NYSE: IHR) 6.15% stake
Magnetek, Inc. (NYSE: MAG) 5.79% stake
Infospace, Inc. (Nasdaq: INSP) 6.11% stake
LTX Corporation (Nasdaq: LTXX) 5.69% stake
Kellwood Company (NYSE: KWD) 5.54% stake
Infocus Corporation (Nasdaq: INFS) 5.49% stake
HEICO Corporation (NYSE: HEI) 8.1% stake
ESS Technology, Inc. (Nasdaq: ESST) 5.53% stake
Enzon Pharmaceuticals, Inc. (Nasdaq: ENZN) 7.85% stake
Eagle Broadband, Inc. (AMEX: EAG) 5.46% stake
Dover Downs Gaming & Entertainment (NYSE: DDE) 8.15% stake
Dolby Laboratories (NYSE: DLB) 5% stake
CT Communications (Nasdaq: CTCI) 5.88% stake
Credence Systems Corporation (Nasdaq: CMOS) 6.15% stake
CPI Corp. (NYSE: CPY) 6.25% stake
Commonwealth Telephone Enterprises (Nasdaq: CTCO) 6.58% stake
Cell Genesys, Inc (Nasdaq: CEGE) 6.17% stake
C&D Technologies (NYSE: CHP) 6.81% stake
Brocade Communications (Nasdaq: BRCD) 5.37% stake
The Boston Beer Company (NYSE: SAM) 7.49% stake
Avici Systems (Nasdaq: AVCI) 8% stake
Angeion Corporation (Nasdaq: ANGN) 6.66% stake