TPS Hotline Friday, August 18, 2006 (Comments on MO, RAI, MRK, N, HPQ, AMD, INTC & MSFT)

Kovitz Investment Group is editor of The Prudent Speculator newsletter and is the investment advisor to individually managed client accounts and certain mutual funds. Investing involves risk, principal loss is possible, and there can be no assurance that investment objectives will be achieved. Past performance is no guarantee of future results. Registration of an investment adviser does not imply any certain level of skill or training.