The site of Friday's explosion was massive 8-building complex thrown together in a record 70 days
Workers on a Chungdu assembly line. Photo: M.I.C. Gadget
When a polishing workshop blew up in Foxconn's new factory complex in Chengdu, China, it was an English-language website operating, as they put it, "outside the Great Firewall of China, temporarily," that broke the news and provided U.S. media outlets with videos, photos and regular updates.
On MORE
Philip Elmer-DeWitt - May 21, 2011 11:05 AM ET
An analyst sketches out the economic implications in two scenarios: One serious, one less so
Workers fleeing the fire in Chengdu. Source: micgadget.com
RBC capital's Mike Abramsky was the first analyst out of the gate Friday with a note to clients assessing the effect on Apple (AAPL) of the explosion at Foxconn's Chengdu plant.
According to Abramsky, the plant is one of two primary manufacturing sites where the iPad 2 is produced, MORE
Philip Elmer-DeWitt - May 20, 2011 2:55 PM ET
With a debate about major changes to IP, copyright and piracy statutes erupting in Washington, industry lobbyists and Google are engaged in a war of words.
Image via CrunchBase
FORTUNE -- A scathing report delivered to the British government this week urges that policy on intellectual property be applied "on the basis of evidence, rather than weight of lobbying." That, the report noted, would be a big change from the status MORE
Dan Mitchell, contributor - May 20, 2011 12:28 PM ET
Much smoke and confusion in Chengdu, China. Apple shares take a hit
Chaos in Chengdu. Source: micgadget.com
At 7:20 p.m. local time Friday, according to preliminary reports out of China, an explosion struck a Foxconn plant in Chengdu that produces iPad 2s for Apple (AAPL).
The Chinese website M.I.C. Gadget passed along this first-hand report:
Ji Qing Ling's weibo said: "the explosion occurred in the A05, at 7 pm, the explosion caused many MORE
Philip Elmer-DeWitt - May 20, 2011 11:52 AM ET
Facebook's founder sees the social networking site as a tool with educational potential. That of course means getting kids Facebooking at an early age.
Facebook CEO Mark Zuckerberg
FORTUNE -- Facebook CEO Mark Zuckerberg may be a college drop-out, but the billionaire 27-year-old is passionate about education reform. That's why he took time out of his busy schedule to discuss the heated topic (and why he thinks young people can benefit MORE
Michal Lev-Ram, writer - May 20, 2011 11:02 AM ET
3 of the big 4 music labels have reportedly agreed to plant their content on Apple's server farms
On Wednesday, CNET's Greg Sandoval reported that Apple (AAPL) had persuaded EMI and Warner Music (WMG) to be part of its widely anticipated -- but as yet unannounced -- streaming music service (see here).
Now, in an item that moved on the Bloomberg newswire late Thursday, Andy Fixmer and Adam Satariano report that Sony MORE
Philip Elmer-DeWitt - May 20, 2011 10:59 AM ET
Shipments are reported to be approaching 3-4 million/month as production constraints ease
Photo: Apple Inc.
Following a mid second-quarter check with his sources in Apple's (AAPL) supply chain, Sterne Agee's Shaw Wu raised his unit sales estimates Friday as well as his price target: to $460 to $445. The stock, which has been impervious to the enthusiasms of sell-side analysts lately, closed Thursday at $340.53.
Among the highlights of the new report:
The MORE
Philip Elmer-DeWitt - May 20, 2011 8:27 AM ET
Screen grabs from the staff's new iPads suggest it will matter more to them than to us
Source: 9to5Mac
"Everything feels a bit different," reads an entry in the Daily Download, the new internal publication for Apple (AAPL) retail employees that fell into the hands of 9to5Mac's Seth Weintraub Thursday night. "Switching to RetailMe on iPad is like switching from a PC to a Mac."
But from the topics covered in Issue MORE
Philip Elmer-DeWitt - May 20, 2011 7:21 AM ET
Also with friends (10%), while waiting (9%), in meetings/class (5%) or in the bathroom (4%)
Source: Nielsen. Click to enlarge.
A report issued Thursday by Nielsen compares usage patterns of nearly 12,000 U.S. owners of tablets, eReaders or smartphones.
The key findings, as Nielson sees it:
70% of tablet owners and 68% of smartphone owners said they use their devices while watching television, compared with 35% of eReader owners.
61% percent of eReader owners MORE
iPad users "stop noticing other people altogether," according to the Borowitz Report
Source: Borowitz Report
In a parody of a medical news report datelined Cupertino, humorist (and, we suspect, iPad owner) Andy Borowitz pokes fun at owners of Apple's (AAPL) hot-selling tablet computer.
"A new scientific study released today," he writes, "says that iPad owners are less likely to commit adultery 'because they stop noticing other people altogether.'
"The study also indicated that MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.82% |
| Ford Motor Co | 12.28 | -0.46 | -3.60% |
| Frontier Communicati... | 4.24 | -0.23 | -5.26% |
| Juniper Networks Inc... | 21.57 | -0.80 | -3.58% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.89 | -67.74 | -0.53% |
| Nasdaq | 2,813.64 | 8.36 | 0.30% |
| S&P 500 | 1,315.93 | -2.50 | -0.19% |
| Treasuries | 1.92 | -0.01 | -0.73% |
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