Updating Nvidia Corp., Molson Coors Brewing Co., Alltel Corp., Symantec Corp., Del Monte Foods Co., Xerox Corp., Toyota Motor Corp., and Harte-Hanks Inc.

NVIDIA CORP. $34 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 362.0 million; Market cap: $12.3 billion; WSSF Rating: Average) earned $0.33 a share in its first fiscal quarter ended April 29, 2007, up 37.5% from $0.24 a year earlier. Revenue rose 23.8%, to $844.3 million from $681.8 million, as strong sales of notebook computers spurred demand for its video chips. Nvidia’s chips now have 60% of the notebook market.

Demand for video chips will continue to grow as manufacturers of mobile phones and video games enhance the graphical features of their products. But the company faces growing competition from Advanced Micro Devices, which recently purchased video chip specialist ATI Technologies.

Nvidia is a hold for aggressive investors.

MOLSON COORS BREWING CO. $91 (New York symbol TAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 89.3 million; Market cap: $8.1 billion; WSSF Rating: Average) has lost a court dispute over the cancellation of a licensing agreement with Australian brewer Fosters Group Ltd. Consequently, it will take a non-cash charge of about $24.6 million. To put that in context, Molson Coors earned $0.28 a share (total $25.1 million) before unusual items in the first quarter of 2007, compared with a loss of $0.01 a share ($0.4 million) a year earlier.

Since the merger of Molson and Coors in February 2005, the company has cut its annual costs by $175 million. It now feels it can find $250 million in additional savings over the next three years.

Molson Coors is a buy.

ALLTEL CORP. $69 (New York symbol AT; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 345.5 million; Market cap: $23.8 billion; WSSF Rating: Average) has accepted a $71.50-a-share takeover offer from private investors. The company is widely held, so a competing bid is possible. But in light of the stock’s 25% gain since the start of 2007, a higher offer seems unlikely.

Alltel is now a hold.

SYMANTEC CORP. $20 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 924.6 million; Market cap: $18.5 billion; WSSF Rating: Average) has agreed to form a joint venture with Huawei Technologies Co. of China. Symantec will own 49% of the new company, which will provide computer security and storage services to businesses in Asia.

The deal gives Symantec access to Huawei’s large client base, as well as some of its research. It also lets Symantec avoid the risk of setting up new operations from scratch in foreign countries.

Symantec is a buy for aggressive investors.

DEL MONTE FOODS CO. $12 (New York symbol DLM; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 201.9 million; Market cap: $2.4 billion; WSSF Rating: Extra risk) plans to launch Bloom Energy, a new fruit-flavored energy drink aimed at women. Young men are the primary consumers of energy drinks, but Del Monte feels that making a drink especially for women will help it break into this fast-growing segment of the beverage market.

The company had to recall some of its pet food brands due to possible contamination of ingredients imported from China. The recall represents less than 1% of its annual pet food production, so it will have little impact on its earnings.

Del Monte is a buy for aggressive investors.

XEROX CORP. $19 (New York symbol XRX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 937.4 million; Market cap: $17.8 billion; WSSF Rating: Average) earned $0.26 a share before a restructuring charge in the first three months of 2007, up 30% from $0.20 a year earlier. Revenue rose 2.7%, to $3.8 billion from $3.7 billion. The company is doing a good job expanding sales to existing customers. Revenue from maintenance and supplies grew 6%, and now accounts for half of its total revenue.

Xerox has completed its $1.5 billion acquisition of Global Imaging Systems Inc., which sells copiers and printers to 200,000 small and midsize companies. The purchase should raise Xerox’s annual revenue by 6%.

Xerox is a buy.

TOYOTA MOTOR CORP. ADRs $120 (New York symbol TM; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.8 billion; Market cap: $216.0 billion; WSSF Rating: Above average) is the world’s leading seller of hybrid cars, which combine a gasoline engine and electric motor to cut fuel consumption and emissions.

Despite strong demand for hybrids, Toyota earns less profit on them than its regular cars due to their high production costs. However, cost cuts and a new type of electric battery should make hybrids as profitable as its gasoline models by 2010.

The stock got as high as $138 in February, but has moved down lately on weaker sales forecasts and foreign exchange concerns. But a plan to buy back more shares should help support the stock price.

Toyota is a buy.

HARTE-HANKS INC. $26 (New York symbol HHS; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 73.3 million; Market cap: $1.9 billion; WSSF Rating: Average) earned $0.27 a share in the three months ended March 31, 2007, down 6.9% from $0.29 a year earlier. Revenue rose 1.7%, to $283.0 million from $278.4 million.

The company publishes shopper newspapers (40% of revenue), and the slowdown in the housing markets in California and Florida has cut demand for real estate and mortgage advertising. Revenue at the direct marketing division rose 4.2%, partly due to acquisitions. But profits were flat due to higher depreciation costs.

Harte-Hanks is still a buy.