Though its shares are up more than 900 percent since January, Palm remains a “show me” story. So says Susquehanna Financial analyst Jeffrey Fidicaro, who seems to think the Street is putting a bit too much faith in the company’s next-generation platform, webOS, and the devices that run on it.
Well, what do you know? Like Apple, Microsoft is also developing a tablet computer. It’s called “Courier” and it’s remarkably different from what Apple is imagined to be cooking up.
Last Friday was a particularly productive day for the Apple team that reviews submissions to the iTunes App Store. AppShopper reports that 1,394 new applications were approved that day. An impressive number when you consider that Apple employs only 40 full-time reviewers and requires at least two of them to scrutinize each app.
That was fast. Just hours after Julius Genachowski, chairman of the Federal Communications Commission, unveiled his open Internet proposal, a number of Republican senators stepped forward to oppose it. Arguing that Net Neutrality will “impede investment and innovation of new technologies,” Sen. Kay Bailey Hutchison (R., Texas), proposed an amendment to an Interior Department appropriations bill that would bar the FCC from using federal funds to implement the proposal.
Federal Communications Commission Chairman Julius Genachowski this morning proposed broad new rules prohibiting Internet providers–both wireless and wireline–from selectively blocking or slowing Internet traffic. “It is vital that we safeguard the free and open Internet,” Genachowski said during at event at the Brookings Institute. After the jump, Genachowski’s speech in full.
The “mid-autumn launch” of Palm’s App Catalog e-commerce beta program now has a firm “Go Live” date: Sept. 24. According to a new company timeline, webOS developers who’ve had their applications accepted for the App Catalog will see them featured there on that day.
Apple’s latest 52-week high is well on its way to becoming a 52-week low. In a research note to investors this week, Charlie Wolf of Needham & Company lifted his price target on Apple to $235, from $200, largely on the merits of the iPhone and the iTunes App Store.
Speaking at Apple’s music event, CEO Steve Jobs, in his first public appearance since his medical leave of absence, introduces iTunes 9. After noting that iTunes is the largest music store in the world, boasting some 100 million accounts, Jobs rattles off some of the software’s new features. Among them: Genius Mixes and improved synching. The latter enables more specific synching and supports a new way of managing applications for the iPhone and iPod touch with a nice drag-and-drop feature. Very easy to organize and reorganize applications. The crowd really likes this one.
Though it got off to a slow start, Palm’s App Catalog is slowly evolving into the ecosystem for which the company had hoped. It recently surpassed four million downloads and is poised for a bit of a growth spurt now that more applications have begun to appear on its virtual shelves. Indeed, in the last week, the number of applications available for the Pre increased by 40 percent to 58.
A renewed advertising push for the Palm Pre and an increase in the number of applications available for it haven’t done much for the device’s sales. According to Pali Research analyst Walter Piecyk, weekly Pre sales are holding steady in the mid-20,000 range at which they stabilized a few weeks back. One way for Sprint to spur sales, says Piecyk: Cut the price of the Pre to $99, or even 99 cents
The Apple Store went offline earlier this morning and when it returned, its homepage featured Mac OS X 10.6, Snow Leopard. Available for preorder today, the next iteration of the Mac OS will ship Aug. 28 as a $29 upgrade.
Wise is the investor holding shares in Apple, Research in Motion and/or Palm, because these companies are the triumvirate of tech’s new world order. This according to RBC analyst Mike Abramsky, who in a research note today says all three are positioned for leadership in the “huge, nascent and underpenetrated” smartphone market.
No wonder cellular carriers rejected Dell’s first smartphone offering for its “lack of differentiation.” Unveiled in China this morning, Dell’s “proof of concept” handset looks like the chimerical offspring of Apple’s iPhone and the Palm Pre, but lacks some of their more powerful features.
AT&T has replied to a Federal Communications Commission letter of inquiry into the role it played in the rejection of a number of third-party Google Voice apps and Google’s official GV client from Apple’s iTunes App Store. The gist of the reply: Don’t look at us.
Sales of the Palm Pre aren’t slowing; nor is the device suffering from unusually high return rates. And all this incessant hand-wringing over the Pre’s performance at market is needless. That’s the word from Deutsche Bank analyst Jonathan Goldberg, who says Palm’s new smartphone is doing just fine.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
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