So that 11.9 percent decline in PC shipments that was supposed to occur this year? Not gonna happen, says Gartner. Neither is the two percent decline the research outfit projected in September. Nope. Turns out that 2009 PC shipments, which were once thought to be headed for certain disaster, aren’t going to decline at all. They’re going to grow.
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Nortel Networks is slipping closer to the abyss each day. Earlier this week it was reported that the long-suffering telecommunications equipment maker is seeking advice from Lazard Ltd. and law firm Cleary Gottlieb Steen & Hamilton about bankruptcy proceedings. Now comes news that it’s received a delisting notice from the New York Stock Exchange.
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So that fraudulent “citizen journalism” report claiming Apple CEO Steve Jobs had been rushed to the hospital with severe chest pains and shortness of breath? The one that allegedly shaved about $4.8 billion off Apple’s market value after Silicon Alley Insider picked it up and published without verifying it? Securities and Exchange Commission investigators have tracked down its author and it’s not the short seller many had expected. It’s an 18-year-old with no clear motive, according to Bloomberg (ironically, the source of the Jobs obituary accidentally posted to news wires in late August).
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As Steve Jobs would say: “BOOM.” Apple has eclipsed Google in market value. Apple’s current market cap: $159.37 billion. Google’s: $157.56 billion.
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