Counterfeits and intellectual piracy (IP) theft cost companies millions in the first half of 2006, according to a report released Tuesday. An estimated 760 copyright and trademark intellectual property thefts in 69 countries between January and June 2006 cost companies nearly $700 million, up 7 percent from the year-ago period, according to Gieschen Consultancy’s 2006 Mid-Year Counterfeit & Piracy Intelligence Report.