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Apple Now Accepting iPad Apps, Planning “Grand Opening” of iPad App Store

Apple is now accepting iPad apps for a “grand opening” of the iPad App Store, according to an email just sent to registered developers.
“iPad will begin shipping soon and your opportunity to be part of the grand opening of the iPad App Store starts today,” the email says.
There’s no details about when the store’s grand [...]

Security Expert: “Mac OS X Is Safer, But Less Secure”

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Tech site H-Online has an interesting story today, quoting security expert Charlie Miller about his forthcoming talk at the CanSecWest conference next week.
He says OS X is full of security holes. There are lots more than in Windows, he claims.
And yet: OS X is a safer system to use. Why? Because, in the words [...]

Apple Devotes Entire Home Page To Jerome York Obituary

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If ever you needed a sign that Apple was a different kind of technology company, this is it.
What other computer manufacturer would remove its top-selling, hype-inducing, industry-altering new product from the prime spot on its website home page, and replace it with an obituary to an investor?
This is one of those “Here’s to the [...]

Coming Soon: Steve Jobs, the Sitcom

Fake Steve creator Dan Lyons just signed a deal to bring Steve Jobs to another small screen near you.
The half-hour series called “iCon” is billed by the presser as “a savage satire centering on a fictional Silicon Valley CEO whose ego is a study in power and greed.”
Making sure the barbs prick will be the [...]

Morgan Stanley Downgrade Pushes Apple Shares Lower

When it rains, it pours. Apple shares took a battering Monday as two more financial analysts downgraded the company amid mounting worries how spending cuts will hurt the Cupertino, Calif. company.

Morgan Stanley analyst Kathryn Hubert slashed her target price for Apple stock to $115 from $178, sending shares down 14 percent to $110 by noon.

Hubert also downgraded the company to “equal-weight from “overweight.”

“Even in the best of scenarios Apple’s EPS growth will decelerate meaningfully from June quarter levels,” Hubert wrote.

Earlier in the day, RBC Capital Markets analyst Mike Abramsky cut the target price of Apple stock to $140 from $200 and downgraded the stock to “sector perform,” a move that also sent the stock lower.

Like Hubert, Abramsky pointed to slowing consumer sales.

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About the author

Ed Sutherland

Ed Sutherland is a veteran technology journalist who first heard of Apple when they grew on trees, Yahoo was run out of a Stanford dorm and Google was an unknown upstart. Since then, Sutherland has covered the whole technology landscape, concentrating on tracking the trends and figuring out the finances of large (and small) technology companies.

Email the author | Read more posts by Ed Sutherland.

One comment

    Wow. How is it legal that these clowns are shorting the stock to boost their portfolios? And these are the same fools that caused this whole economic mess we’re in.

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