< B>Monday Trading The market continued its upward advance on Monday as the major market indexes scored noteworthy gains. The blue chip index rose more than two and one-half percent while two broader measures of market performance, the S&P 500 Index and the NASDAQ Composite Index, each added almost one and three-quarter percent to their…
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Big Blue Lifts Market, Apple Drops On Earnings Report
O n Thursday the market moved higher on a better than expected earnings reports from IBM. Big Blue helped propel the blue chip index almost 3 percent higher on the day. The grand daddy of tech companies had seen its shares plummet more than 50 percent this year and the companyis positive earnings report and…
Apple Posts Loss Of US$45 Million, US$7 Million Profit Before Non-Recurring Costs
A pple posted its Q4 earnings results today (see our live coverage from the press conference for more information). The company posted a US$45 million loss (13 cents per share), far below the break even results it had projected, but those losses stemmed from non-recurring charges. Before those non-recurring charges, Apple posted a profit of…
Steve Jobs Resigns From Gap's Board Of Directors
T he San Francisco Chronicle broke the news that Steve Jobs has resigned from the Board of Directors at Gap, Inc. Mr. Jobs began serving on the board in 1999. At the same time, Mickey Drexler, the Chairman of Gapis board of directors, began serving on Appleis board. That arrangement recently drew criticism from Business…
Apple Rises Amidst Market Losses, A Brief Look At Education Market
< B>Tuesday Recap The markets moved lower on Tuesday due in part to disappointing economic numbers. This time it was the governmentis gauge of industrial production that came in below expectations. On Tuesday, fast food giant MacDonaldis issued an earnings warning and announced that it is cutting the number of new store openings, reducing the…
Apple To Enter Best Buy For Third Time, Retailer To Sell iPod
Third time’s the charm, or so Apple appears to have said to Best Buy. Apple has entered into an agreement to sell its products at Best Buy for a third time. The company will be selling the iPod, its very popular MP3 player at both Best Buy’s retail outlets and Web site. Apple used to…
Gateway Publishes Report That Shows Its PC Outperforming The iMac
"Gateway Corporation: Profile PC versus Apple iMac Performance Comparison Test" reads the title of a new report released by Gateway Corporation in PDF. The company has released the report, which it commissioned, to help promote its newest PC, the Profile. Gateway has been gunning for Apple’s customers since the release of the Profile, specifically targeting…
Wall Street Journal's Mossberg Loves Jaguar, Says Apple Will Introduce Family Pricing At US$199
The most interesting new Macintosh is the top-of-the-line, flat-panel iMac, which sports a 17-inch LCD screen instead of the 15-inch panel on the other iMacs. Thereis nothing special about most 17-inch screens, but the one on the new iMac is mesmerizing. It isnit square like most. Instead, itis much wider than it is high, so…
The Back Page - How Much Should Jaguar Cost? How Much Is A Customer Worth?
It’s funny how one’s preconceptions affect the way we interact with the world every day. I was watching an episode of Gunsmoke the other day, and the show opened up with an out-of-control stagecoach. The driver was doing his best to reign in the team of six horses that were racing pell-mell for some unknown…
Bears Push NASDAQ To 5-Year Lows
< B>Wednesday Morning Activity The markets opened with continued downward pressure from Tuesdayis drop. Although the markets struggled to stay close to the opening numbers in early trading, by late morning the markets had signaled to investors to expect another down day. Particularly hard hit were the drug and chip sectors of the markets. The…
Tech Rebound Moves Markets Higher
Trading began on Wednesday with an early drop in the major market indexes as investors looked for the recent accounting scandals to work their way through the markets. The intra-day roller coaster effect on trading reemerged following the recent sharp drop in stock prices in light of the WorldCom disaster and rumors of more wide-scale…
Apple Moves Up On Roller Coaster Trading
The markets opened on Monday with selling on the minds of traders. The major market indexes registered drops of more than one percent by the noon hour as investors fretted over the economy, problems in the Middle East and the continued gloom overhanging the tech sector. On Friday the markets recorded their fifth straight weekly…
iPod/Windows Link Around The Corner
Got a PC and an iPod and you want the two to talk? There are some apps available for the PC that do an OK job of getting song to your iPod, but they are nowhere near the simplicity iTunes provide to Mac users. That may be changing very soon. News.com is reporting that Apple…
Apple Falls After Tuesday Warning
Apple opened significantly lower on Wednesday after issuing a revenue and earnings warning following the close of trading on Tuesday. For the quarter Apple expects revenues of $1.4 billion to $1.45 billion versus the previous estimate of $1.6 billion and earnings of $.08 to $.10 per share versus an earlier estimate of $.11. On Wednesday…
Apple Moves Up On Education Announcements
Apple jumped higher from the start on news of new products for the education market. After falling to a low of $18.11 in intra-day trading on Friday, Apple rebounded Monday morning on heavy volume, reaching a morning high of $20.63. The markets moved higher in early Monday trading after recording a fourth straight weekly decline…
Why Does Anybody Need To Be In Charge Of Online Speech?
A s anyone whois familiar with the judicial system knows, it takes a long time to get something done. With the advent of the Internet almost two decades ago, there still isnit any definite answer to the question of who has jurisdiction over a dispute that affects people all over the world. If youire in…
Investors Take Early Summer Break
The major market indexes moved lower in early Wednesday trading as investors stayed away from stocks. Continued concerns about the prospects of new terror attacks weighed on the mood of the markets. Moodyis downgraded the credit rating of AT&T and pressure remained on other Dow components such as IBM and Home Depot. Concerns About Consumer…
Apple CFO Files To Sell More AAPL Shares
R euters is reporting that Apple CFO Fred Anderson has filed to sell more of his AAPL holdings this week on Monday. Since April 22nd, Apple execs have filed to sell shares of the company on 11 different occasions, counting this latest filing. SEC regulations require executives of publicly held companies to file all stock…
AAPL Up As Market Sustains Early Tech Sector Gains
Despite last Wednesdayis large gains, the major market indexes finished on Friday at levels below last Mondayis open. Concerns about the spotty nature of economic growth and the pace at which reported growth is working its way to corporate bottom lines continues to keep many investors on the sidelines. The market sustained its early Monday…
Macs In Schools - CUE Spring 2002 Conference: Mac Magic in Anaheim (With Pics)
The Spring CUE (Computer Using Educators) 2002 Conference was held at the Anaheim Convention Center May 9-11. The Convention Center sits adjacent to Disneyland, between a colorful mix of 50s era motels and eateries and modern-day strip malls, hotels and restaurants that surround the popular theme park. If the Magic Kingdom really is "The Happiest…
Free Speech, Fair Use Both Take Another Blow From US Courts
A US court has handed yet another defeat to free speech and fair use in the US. ZDNet is reporting that U.S. District Judge Ronald Whyte has ruled that the Digital Millennium Copyright Act (DMCA) does not violate free speech. The ruling came in the process of denying a motion to dismiss charges against the…
2nd Fiscal Quarter Review And Analysis
In the conference call with analysts following release of the quarterly numbers, Apple CFO Fred Anderson detailed for Wall Street and AAPL investors the factors which enabled the company to slightly exceed Wall Street estimates for the period that ended in March and why his revenue and earnings guidance concerning the current quarter and the…
Pomp And Economic Circumstance
The Dow Jones Industrial Average (DJIA) ended the day at 10381.73, up 173.06 in a broad-based rally sparked by investor interest in highly cyclical stocks. The tech-heavy Nasdaq Composite Index closed at 1767.07, up 24.50 on the day. Softness in software stocks limited the Nasdaqis gains. Weive heard the reports from various government agencies, Bush…
Big Blues
The markets were sent into a tail-spin this morning by a profit warning from IBM. It was the first profit warning from Big Blue in over a decade. The global computer giant announced that quarterly revenue would be down over $1 billion from previous forecasts to about $18.6 billion and net earnings would be off…