UPDATE: Reading Mark Papermaster's statement in full, I discover that it had been taken it out of context. The full quote, reproduced at the bottom of this post, makes a lot more sense. My apologies to Mr. Papermaster.
- - -
"I do not recall a single instance of Apple being described as a competitor of IBM during my entire tenure at IBM."
I did mental double take when I read those MORE
Philip Elmer-DeWitt - Nov 7, 2008 6:08 PM ET
Big news for Apple in Tuesday's Wall Street Journal: The company is losing one of its stars, Tony Fadell.
Tony who?
If Steve Jobs didn't loom so large in Apple's public persona -- drawing the spotlight at every appearance -- a lot fewer people would be asking that today.
Fadell was -- and until he leaves at an as-yet undisclosed time for "personal reasons," still is -- the top engineer in a company MORE
Philip Elmer-DeWitt - Nov 4, 2008 9:05 AM ETEvery morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
Receive Fortune's newsletter on all the deals that matter, from Wall Street to Sand Hill Road. SUBSCRIBE
Covering the digital giants of Silicon Valley and beyond, an in-depth look at enterprise companies, and the startups disrupting them. Emailed twice weekly. SUBSCRIBE
Anne Fisher answers career-related questions and offers helpful advice for business professionals. SUBSCRIBE
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.17 | 0.19 | 2.72% |
| Ford Motor Co | 10.41 | 0.22 | 2.16% |
| Microsoft Corp | 29.11 | -0.65 | -2.18% |
| General Electric Co | 19.18 | 0.00 | 0.00% |
| JPMorgan Chase and C... | 34.26 | 0.25 | 0.74% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,496.15 | -6.66 | -0.05% |
| Nasdaq | 2,850.12 | 11.04 | 0.39% |
| S&P 500 | 1,318.86 | 2.23 | 0.17% |
| Treasuries | 1.77 | 0.05 | 2.91% |
| Facebook's IPO: Sorting through the legal mess | ||
| HP to cut 27,000 jobs | ||
| Stocks set to open higher | ||
| HP prepares to announce mass layoffs | ||
| More than 30% of mortgage borrowers still underwater |