Thursday, May 17, 2007

Engadget Knocks $4 billion off Apple Market Cap on Bogus iPhone email

What a day for Apple investors. The stock started off strong today on a lot of pre-market buying, despite news that Amazon will finally start competing on sales of DRM-free music.

Then, whoops, at 11:49 AM EST Engadget posted saying that the iPhone and Leopard operating system launches would be seriously delayed. They based the story on an internal Apple email that was forwarded to them. The original post:

This one doesn’t bode well for Mac fans and the iPhone-hopeful: we have it on authority that as of today, the iPhone launch is being pushed back from June to… October (!), and Leopard is again seeing a delay, this time being pushed all the way back to January. Of 2008. The latest WWDC Leopard beta will still be handed out, but it looks like Apple-quality takes time, and we’re sure Jobs would remind everyone that it’s not always about “writing a check”, but just how much time are these two products really going to take?

Apple’s stock promptly tanked on massive selling, going from $107.89 to $103.42 in six minutes (11:56 - 12:02). This wiped just over $4 billion off of Apple’s market capitalization. A lot of people lost a lot of money very quickly.

Well, it turns out that the email was a hoax. In an update, Engadget said that the email was in fact sent from Apple’s internal email system, but that it was not accurate. Apple quickly notified Engadget of the error, saying “This communication is fake and did not come from Apple. Apple is on track to ship iPhone in late June and Mac OS X Leopard in October.”

By 12:22 Apple stock had mostly recovered and it ended the day down just $1.40/share, or $1.25 billion in market cap.

Let the lawsuits and criminal investigations commence (although to be clear, I do not believe Engadget will have any liability here. Apple may, if the email did originate from its servers).

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Researchers create inexpensive, super-strong "nanoglue"

from Engadget by

Filed under:

Researchers at Rensselaer Polytechnic Institute have announced that they've developed a new type of glue that's not only inexpensive, but can supposedly bond "nearly anything" together. To create the so-called "nanoglue," the team created a thin layer of "molecular chains" with a carbon backbone and sandwiched it between a thin film of copper and silica (as less-than-realistically depicted above). They then found that the more they heated the "nanosandwich," the stickier it got, ultimately going all the way up to temperature of 700 degrees Celsius before reaching its peak. Not surprisingly, the researchers see a wide range of uses for the glue, including applications in nano and microelectronic devices, not to mention high-heat environments -- for instance, holding paint to the inside of a jet engine. They also don't seem to think it'll have any trouble catching on, costing just $35 for 100 grams -- which, when you get down to the nano level, works out to be quite a bargain.

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Wednesday, May 16, 2007

HP e-Book Reader Design Fakes Turning Pages

hpebook.jpgAlthough there've been lots of eBooks the past year, none of them have had this HP concept that was demoed at the HP Mobility Summit. Instead of pressing a button to turn the page (which you can presumably still do) there are touch strips on the top, bottom, and sides of the ebook that you can slide to virtually turn the page.

We're not entirely sure how the act of swiping makes reading more enjoyable on an ebook, but hey, whatever makes people adopt technology faster. On a similar note, who's reserved the last Harry Potter book? Doesn't he show his wand in this one or something?

HP to present 'ebook reader' featuring intuitive interface [AVING]

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Product Innovations that are ... NOT!

Pur Water Purifying Fruit Flavor Cartridges Are Both Fantastic and Horrible

As if drinking regular water isn't enough for kids these days, Pur is introducing Pur Flavor Options, which is a fruit cartridge you can stick into their Pur water filter systems. The upshot? Now you can flip a switch and get filtered fruit-flavored water from your tap, which has the taste of water you used to rinse actual fruit in but none of the health benefits of water. Yum!

(Source: Gizmodo)

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Microsoft: Vista sells nearly 40 million licenses in first 100 days

what they DON'T say is that all/most of it was purchased by OEMs like Dell, HP, Lenovo ($1.3 billion software deal announced May 10th) etc. Anyone check with end users? Anyone know of an end user who has actually upgraded or is planning to upgrade to Vista (i.e. actually buy it?)? Posted May 16th 2007 5:04AM by Thomas Ricker

In case you're keeping track, nearly 40 million Microsoft Vista licenses have been sold in its first 100 days. According to Billy G, 78% of all sales made since the January 30th launch had been for the software's premium versions. Not bad, in fact, pretty damn impressive leaving little doubt that this is Microsoft's most successful OS (measure by rate of sale) ever with record profits sure to follow.

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