Tuesday, July 14, 2009
Fool! You Fell Victim to One of the Classic Blunders! Never Negotiate with Steve Jobs…
Apple is doing to the wireless industry what it did to the recording industry beginning back in 2001: Stealing its customer relationships. That’s the gist of an argument put forth this week by Bernstein analyst Craig Moffett, who believes that with the iPhone and App Store, Apple has upended the wireless market in much the same way it upended the music industry with the iPod and iTunes.




Palm’s long-suffering investors have apparently drunk themselves silly on Palm Pre Kool-Aid. Shares of the much diminished handset maker climbed almost seven percent to $4.45 Thursday after the company uncrated the device and Web OS, the new platform it will run on. Wall Street seems convinced that the Pre is not a postscipt for Palm, but the beginnings of its rebirth. A historic turning point worthy of a trading bacchanal.