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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 [...]

Oppenheimer Upgrades Apple Following Jobs’ Health News

Cishore/Flickr

Photo: Cishore/Flickr

Oppenheimer Tuesday upgraded Apple’s health to “outperform,” saying Monday’s announcement by CEO Steve Jobs provided a six-month period from talk of his gaunt appearance.

“The ‘Apple Community’ is now due an update in late spring, but until then the recovery will presumably be allowed to run its course without undue prying,” Oppenheimer told investors.

Monday, in an open letter, Jobs explained he suffered from a ‘hormone imbalance’ which caused his weight loss. Since September, when the Apple leader appeared frail and gaunt, fans and investors have speculated about his health and status as CEO.

Attempting to address those rumors, Jobs said he is undergoing treatment and plans to remain as head of Apple until he recovers.

Despite the reassuring words, the financial analyst firm cut its target price for Apple stock by $10 to $135. Oppenheimer said it was still concerned if Jobs could continue in the post while undergoing treatment.

Last month, Oppenheimer downgraded Apple after Jobs bowed out of the traditional Macworld keynote speech. Apple marketing head Phil Schiller is slated to sub for Jobs at Tuesday’s keynote. The brokerage said questions of Jobs’ health and no clear successor were a risk to Apple’s continued success.

On a similar note, BMO Capital Tuesday cut its target price for Apple shares to $108, from $120. Analyst Keith Bachman cited “continued weakness in consumer and educational buying trends.”

Apple will likely tell investors in March to expect between $7.1 billion and $7.5 billion in revenue, down from the Wall Street consensus of $8.4 billion, Bachman told clients.

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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.

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