Today's News On One Page
November 23rd, 1999
[4:40 PM] Clean That Dirty Mac Before Someone Sees It! by Staff Trexar Technologies and Webroot have announced the release of a new utility designed to keep prying eyes from seeing what you have done with your Mac. The new program is called MacWasher and will "clean up" your Mac in several areas. According to the two companies:
MacWahser is priced at US$29.95. You can find more information on the product at the company's web site. The company also offers a free trial version. |
Finally, a nice quiet day of profit taking after weeks of record breaking action. On Wall Street they're saying this is a good thing. Apple soared above the down draft because of yesterday's announcement that the iBook is the single best selling notebook computer in the market place. The Dow sagged 93 points (0.85%) to close at 10995.6. 894 million shares traded. Market breath has been shallow for several days now, perhaps due to early tax related selling. Reports of weak retail sales, because of warmer weather keeping consumers away from stores, made for tough going in the broader market today. The Nasdaq lost 49.69 points (01.46%) to end the session at 3342.87 with 1.44 billion shares traded. The surprisingly heavy volume for a holiday week makes this the 10th biggest volume day on the Nasdaq. Hardware, chip, telecom, financials and Internet stocks all took hits today. The S&P 500 lost 16.30 (1.15%) to close at 1404.64. 30-year Treasury bonds were down 2/32 to close at 99, the yield was flat at 6.19% in what was described as a very dull day. Recently, there have been hints of good things to come from Apple, such as the sighting of Macs at Comdex, and the fact that the iMac was named "design of the decade" by Business Week. But cautious investors paused while waiting for the iBook to captured the imagination of consumers before piling more AAPL on their plates. Now the trend is official, like the iMac last November, the shockingly advanced design of the iBook is taking the market by storm. Apple ended the session up 2 3/16 (2.41%) to close at 92 13/16. Apple was as high as 95 1/4 at one point in the day. Volume has returned to a more normal 4.85 million shares traded, up from several weeks of below average volume. Today was a good day for Apple related stocks, in spite of the weak market. Akamai, Arm Holdings, and Macromedia were all in the green. Symantec was higher all day but closed flat. Adobe lost 1 5/16 to close at 74 3/4. Akamai was up 25 1/8 points to close at 210 after two big brokerage firms initiated coverage. Morgan Stanley started Akamai with an outperform rating and a price target of $225. Solomon Smith Barney also initiated coverage with an outperform today. Apple's Power PC partners didn't fair so well, Motorola gave back 3 15/16 to close at 166 13/16. IBM, after a two day advance of about $10 a share, lost 1 3/4 to close at 106 1/8. Apple's competitors ended mostly lower, only Hewlett Packard beat the trend. Gateway saw some heavy profit taking down 2 1/16 to 77 7/16. So did Compaq down 1 1/16 to end at 24 7/8. Microsoft, Intel, and Dell were down. For full quotes on all the companies mentioned in this article, we have assembled this set of quotes at Yahoo! for your reference. We also have many of these same quotes reported live (20 minute delay) on our home page. For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report.
[4:00 PM] Apple Stock Watch: The Markets Retreat and Whaddaya Know Apple Soars
by Wes George
[3:30 PM] Gates, McNealy, Dell Play 2nd, 10th, and 11th Fiddle To Steve Jobs by Staff Upside Today has completed a series of the Top 100 most important tech industry people, and guess who showed up in the number 1 position. Heading an impressive list of luminaries, Steve Jobs beat the likes of Bill Gates, Chairman and CEO of Microsoft, Scott MacNealy, Chairman and CEO of Sun Microsystems, and Michael Dell, Chairman and CEO of Dell COmputer. There were about 96 other people that Mr. Jobs beat out as well. According to Upside today:
The rest of the list is also very interesting and we recommend that you check it out. Other ex-Apple members of the list include Ellen Hancock, #66, former CTO of Apple under Gil Amelio and Guy Kawasaki, #84, former Mac Evangelist for Apple and current CEO of Garage.com. Larry Ellison, #37, current Apple Board member and all around "interesting" person, also made the list. The Mac Observer Spin: It is always amazing how a company the size of Apple generates so much mainstream press attention. Thanks to Steve Jobs, that attention has been almost entirely positive for most of the last 14 months. Mr. Jobs beat out some of the wealthiest people on the planet. In addition to Mr. Gates, the world's wealthiest person, Mr. Jobs took out Steve Ballmer, Microsoft's 2nd in command and another of the world's wealthiest people. Mt. Jobs also beat out the commanders of companies whose sales and marketshare far surpass that of Apple's. One other note: Mr. Jobs's position at Pixar was also listed (and therefore considered), but the write up concentrated on his success at Apple. Congratulations to Apple! |
[2:00 PM] 4 USB Macs? Use One Keyboard, Mouse, & Monitor With MoniSwitch USB by Staff Dr. Bott has released a new member of their Moniswitch line, MoniSwitchUSB. MoniSwitchUSB allows users of multiple computers with USB input devices to use only one keyboard, mouse, and monitor for all of their systems. According to Dr. Bott:
MoniSwitchUSB is available in both 2 and 4 computer models. The 2 computer switch is available for US$139, while the 4 computer switch is available for US$199. You can find more information at the Dr. Bott web site. |
[12:30 PM] Move Over Dell & Toshiba, Here Comes The iBook! Apple Claims 11% Of Portable Market by Staff Apple announced late yesterday afternoon that the company commanded a significant share of the US portable market in October. Apple claimed 11% of the US portable market ad the Blueberry iBook took the top spot. According to Apple.
You can find more information on the iBook at Apple's web site. The Mac Observer Spin: One month does not a computer empire make, but this is a darn good month's announcement indeed. The real news will come with the full 4th quarter (Apple's 1st fiscal quarter) and the holiday buying season. If Apple can claim that kind of market share for the full quarter, the iBook will definitely proclaim itself as a market force. It is also very interesting to note that despite the Girlie epithet and other insults hurled at the iBook in its short life (so far), consumers have obviously taken to the little beast. Just like the iMac before it, which was also called a failure by the PC punditocracy from the onset of its introduction, the iBook is so far showing that Steve knows best. One warning is in order though. When Apple first released the PowerBook in 1992, the first year it was a blowout product. The following year the PowerBook did not maintain that performance as the pent-up demand among existing Mac users was met during the first year. It is always possible that this will be the case for the iBook. Apple has never had a true consumer portable in its product line. It is possible that the initial success of the iBook is occurring as pent-up demand is being met. If that is the case, sales will fall off as that demand is met. The big difference between Apple then and Apple now is Steve Jobs and his executive team. It is likely that no such comparisons can be made. Our outlook is that the iBook will be an ongoing success, just as its bigger brother, the iMac, has enjoyed. What do you think? Talk back in The Mac Observer Forums. In any event, congrats to Apple! |
[Column] On The Flip Side - The Mac Web's Credibility, Oh Dear |
[8:30 AM] New Mac Advertising Network Launches by Staff A new publishing/advertising agency, focusing in online Macintosh publications, has launched. Cortland Media hopes to help start up Mac publications, as well as providing another advertising/marketing option for existing Mac sites. According to Cortland Media:
You can find more information at the Cortland Media web site. The Mac Observer Spin: One aspect of the many great Mac sites on the Internet is that most are not focused on making a good living for their creators. Cortland Media could indeed help bring more professional funding to more of these sites which would only make the community stronger. |
[8:30 AM] Deneba Officially Unveils Canvas 7 by Staff Deneba Software released version 7 of the award winning design application, Canvas. The new version includes new features which Deneba calls SpriteEffects and SpriteLayers. According to Deneba:
Canvas 7 is available for US$375 for the full, CD version. An electronic download version is available for US$129.95, and owners of previous versions can upgrade for US$99.95. You can find more information at the Deneba Software web site. |
[8:30 AM] Hey, Is This Thing On? by Staff AuctionMac software has released VolumeKnob 1.01. VolumeKnob allows the Mac's system volume to be controlled via keyboard commands, rather than having to go to the systems sound volume controls. Keyboard based sound controls are common on many laptops, and having similar desktop functionality could prove useful. According to AuctionMac:
VolumeKnob is available as shareware for US$8.99. You can find more information at the AuctionMac web site. |
[8:30 AM] Power Up With Power On Special by Staff In celebration of their Eddy Award nomination, Power On Software is offering a deal on ACTION Utilities. The ACTION Utilities collection includes, among other, the popular Windows like task bar, ACTION GoMac. According to Power On:
For a limited time, ACTION Utilities is available as an electronic version for US$79.95, a US$10 savings over the CD price. You can find more information at the Power On Software web site. |