Apple Stock Climbs, RIM CEO Praises iPhone, Mac Worm Hacker Death Threats, and More

Apple Stock Climbs, RIM CEO Praises iPhone, Mac Worm Hacker Death Threats, and More

Rational exhuberance: Piper Jaffray analyst Gene Munster's comments about robust iPhone sales boosting Apple’s earnings led to a run up in premarket trading in Apple stock. In a client note Munster wrote, “one thing we learned with the iPod is that when a device is game-changing, the demand will come.” Apple shares hit $142.71 in premarket trading.


BlackBerry loves iPhone: Research in Motion president and co-CEO Mike Lazaridis sang a song of praise for Apple’s Steve Jobs in their recent shareholder meeting on the grounds that the iPhone’s boosted the overall market for smartphones, their Blackberry included. (Coldwell Banker CEO Jim Gillespie also recently hit Forbes with a love letter to his iPod.) It's not just bandwagoneering from Mr. Lazaridis either as Research in Motion shares have surged more than 40 percent since June 28. And the pundits are still wondering after the iPhone's business significance.


Wars and rumors of war: The shadowy sideshow of hackworld has edged into the news again with an anonymous mischief maker claiming he’s been paid to target the Mac OS X. Denials, counter denials and death threats have ensued.


Flash memory prices rise on Apple’s increasing demand: In the third quarter of 2007, according to recent reports, almost as much as 25 percent of all the flash memory output in the world will be sopped up by Apple for use in iPhones and iPods. The oceans will not rise and the Earth will not burn but there should be expected a rise in chip prices that will curiously not affect Apple since they’ve locked in prices with their partners at Samsung.



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