Before the bell 6-11-07: AAPL, DIS, GOOG, JNJ, IBM ...

Main market news here.

Today Apple's weeklong Worldwide Developers Conference begins and with it anticipation of more information about the iPhone and the new Leopard system. Mac sales, already growing at double digit rate, generally get a boost with the release of a new operating system.
Yesterday, the Wall Street Journal and the Financial Times reported that Apple Inc. (NASDAQ: AAPL) is in talks with the Hollywood studios to make new movies available for rental on its iTunes service. An online film rental service could challenge cable and satellite TV operators.

According to the Wall Street Journal , Walt Disney Co. (NYSE: DIS) is set to announce a joint venture with India's Yash Raj Films to make animated films voiced by Indian movie stars, as it tries to grow its share in India's rapidly growing media and entertainment market.

Google Inc. (NASDAQ: GOOG) is under fire from Privacy International, a British activist group, for its privacy policies, saying Google has an "entrenched hostility to privacy."
Chinese Internet portal Sina Corp. and Google announced today they have partnered to boost Sina's search capabilities in news and advertising.

Credit Suisse upgraded Johnson & Johnson (NYSE: JNJ) to Neutral from Underperform, as the stock has underperformed competitors and the S&P 500 over the last 12 months.

International Business Machines Corp. (NYSE: IBM) agreed to purchase Sweden-based business software company Telelogic AB for $745 million.

Burger King Corp. (NYSE: BKC) last month began offering Spam for breakfast in Hawaii, matching rival McDonald's Corp. (NYSE: MCD), which has been featuring Spam in the islands for years.

On Friday the FCC formally opened for public comments its review of the proposed acquisition of XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) by Sirius Satellite Radio Inc. (NASDAQ: SIRI).

Yahoo! Inc. (NASDAQ: YHOO) CEO, Terry Semel, is about to face tough questions from a group of stockholders at the annual meeting. While the group represents a small stake, the group may make waves as it is after six of the directors as well.
Meanwhile, Yahoo! said today China should not punish people for expressing their political views on the internet. This statements comes a day after the mother of a Chinese reporter announced she was suing Yahoo! for helping officials imprison her son.