In the past, shares rose on the rumor and fell on the news. Not this time.
Wondering what's going on with Apple's (AAPL) share price with a big iPhone announcement just around corner?
Andy Zaky has been tracking the trading patterns before and after Apple's special events on his Bullish Cross blog (now behind a paywall) for several years. He offers these observations (I quote):
With the exception of the iPhone 1, Apple has MORE
Philip Elmer-DeWitt - Sep 30, 2011 10:55 AM ET
GM's OnStar represents more $1 billion of revenue annually. In a bid to squeeze even more out of the service, the Detroit automaker showed it has learned from Facebook, Google and others.
By Doron Levin, contributor
FORTUNE -- General Motors Co. decision to back down from a change in the terms covering OnStar customers shows that the automotive giant -- no less than Facebook -- has readily learned the lessons of other MORE
Sep 30, 2011 10:43 AM ET
Blow-by-blow coverage in English and Korean courtesy of the Wall Street Journal
Source: blogs.wsj.com
The headlines Friday morning were that Samsung had offered Apple (AAPL) a deal that would resolve the patent dispute that has prevented the Korean company from selling its Galaxy 10.1 tablet in Australia.
The excellent courtroom reporting that the Wall Street Journal's David Fickling and Ross Kelly have been providing for the past two days suggest that a MORE
Philip Elmer-DeWitt - Sep 30, 2011 7:35 AM ET
In the transition to iCloud, which goes live next week, MobileMe is breaking down
Click to enlarge. Apple system status as of 5:24 a.m. EST.
Having trouble reading your e-mail? According to Apple's (AAPL) official system status page, 25% of MobileMe clients were unable to get their mail Friday morning. Untold others couldn't access their MobileMe applications or use Find My iPhone.
It's like an advertisement for Google's (GOOG) cloud services.
But it MORE
Philip Elmer-DeWitt - Sep 30, 2011 5:50 AM ET
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Ousted HP CEO Leo Apotheker will walk away with nearly $10 million.
* Thanks to an 8K HP (HPQ) filed, we now know ousted CEO Leo Apotheker walked away with almost $10 million in payouts and bonuses. Meanwhile, new company head Meg Whitman will earn $1 -- yes, $1 -- a MORE
JP Mangalindan, Writer-Reporter - Sep 30, 2011 3:30 AM ET
Click to enlarge. Source: Asymco
Apologies to readers who complain that I lean too heavily on the work of Asymco's Horace Dediu, but this one was too good to resist.
As promised on his Critical Path podcast Wednesday, Dediu has begun comparing Apple (AAPL) in a systematic way to some of its peers, starting with Microsoft (MSFT). On Thursday he posted a pair of charts tracking Microsoft's revenue streams by segment and MORE
Philip Elmer-DeWitt - Sep 29, 2011 5:55 PM ET
Inexpensive Indian IT labor has been the face of globalization for more than a decade. Now, its industry giants are facing a sea change similar to the one they helped create.
By Vishesh Kumar, contributor
FORTUNE -- Y2K wasn't all bad. The millennial hysteria surrounding the dreaded glitch pushed the Indian IT industry onto the world stage, its armies of low-cost technical labor ideally suited to checking endless lines of potentially bad MORE
Sep 29, 2011 3:09 PM ET
The notion that "disclosure" solves all the problems associated with the business conflicts journalists have may not really be all that.
FORTUNE -- The notion that "disclosure" solves all the problems associated with the business conflicts of some tech journalists--something former TechCrunch editor Michael Arrington relied on to excuse his investments in some of the companies he covered—has perhaps reached its inevitable level of absurdity.
At the bottom of a TechCrunch item MORE
Dan Mitchell, contributor - Sep 29, 2011 1:47 PM ET
There's a case to be made that Amazon's new browser is more important than its tablet
Source: Amazon
The hardware Amazon (AMZN) introduced Wednesday dominated the early headlines. Most of the coverage focused on whether Amazon's Fire tablet will cut into sales of Apple's (AAPL) iPad or Barnes & Noble's (BKS) Nook or both.
But the second-day stories have started to zero in on the implications of a less-heralded -- and more MORE
Philip Elmer-DeWitt - Sep 29, 2011 11:05 AM ET
Another striking visualization from Asymco
Market capitalizations from 1997-2011. Click to enlarge. Source: Asymco.com
Nobody covering high tech today is better at turning raw data into colorful, expressive visuals than the Asymco team of Horace Dediu and Dirk Schmidt. On Tuesday Schmidt marked the end of the second Steve Jobs era by graphing the market capitalizations of Apple (AAPL) and 16 of its peers from 1997 (when Jobs returned to Apple) to 2011 MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.30 | -0.00 | -0.02% |
| Ford Motor Co | 12.28 | -0.46 | -3.62% |
| Frontier Communicati... | 4.29 | -0.18 | -4.03% |
| Juniper Networks Inc... | 21.71 | -0.66 | -2.95% |
| Cisco Systems Inc | 19.60 | -0.23 | -1.16% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,681.23 | -53.40 | -0.42% |
| Nasdaq | 2,817.47 | 12.19 | 0.43% |
| S&P 500 | 1,318.27 | -0.16 | -0.01% |
| Treasuries | 1.90 | -0.03 | -1.71% |
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