|[Last Updated 4:19 PM] Live Coverage Of Apple's 4th Quarter Press Conference
[4:00 PM] Apple's conference call covering their 4th quarter results is about to begin, We will be offering live updates throughout the event directly on the home page.
[4:05 PM] The conference has begun.
[4:07 PM] US$111 million, or US$.63 per share counting one time gains.
[4:09 PM] Total order backlog was US$700 million dollars. This includes iBook back orders from problems in Taiwan, and the Motorola G4 production.
[4:10 PM] G4 product line has been reconfigured at 350 MHz, 400 Mhz, and 450 Mhz! A major step backwards due to production problems at Motorola!
[4:13 PM] Apple scored US$33 million in the sale of shares of ARM.
[4:11 PM] Margins on PowerMacs and iMacs improved.
[4:13 PM] Cash on hand ended the quarter on US$3 billion. Inventory on hand ended the quarter at 2 days, way up from 6 hours!
[4:14 PM] Apple has repurchased 1.25 million shares of stock as a part of their repurchasing plan.
[4:14 PM] Apple lost 1 week of production on iBooks and PowerBooks due to power outages in Taiwan.
[4:15 PM] Apple expects to catch up with all backorders in the next quarter and expects the quarter to offer substantial gains on the year ago and preceding quarters.
[4:16 PM] IBM will be manufacturing G4s! This is a fantastic announcement!
[4:18 PM] Inventory on hand levels due to problems in Taiwan.
[4:19 PM] IBM's production of G4s is an agreement between Motorola and IBM, Apple was not involved.
We will be offering a wrap up of the conference as soon as possible.