“U.S. stocks rallied the most in two months after Wal-Mart Stores Inc.’s profit beat analysts’ estimates and Goldman Sachs Group Inc. said it doesn’t plan any significant writedowns on mortgage-related assets,” Michael Patterson reports for Bloomberg.
“Apple Inc. led the Nasdaq Composite Index to its biggest gain in four years after China Mobile Ltd. said it’s in talks to sell the iPhone in China,” Patterson reports. “The Nasdaq Composite Index added 89.52, or 3.5 percent, to 2,673.65.”
“Apple rallied $16.20, or 11 percent, to $169.96. A deal with China Mobile will give Apple access to a market with more mobile-phone users than the combined population of the European Union. Separately, AppleInsider reported that the company will unveil a new notebook computer at its annual Macworld Expo in January,” Patterson reports.
“Adobe Systems Inc., the biggest maker of graphic-design software, retreated $1.33, or 3.2 percent, to $40.86 for the second-biggest drop in the S&P 500. Chief Executive Officer Bruce Chizen unexpectedly resigned. Shantanu Narayen, currently Adobe’s president and chief operating officer, will replace Chizen,” Patterson reports.
Full article here.
Analyst: Apple to debut flash-based ultraportable Mac in January – November 13, 2007
China Mobile in talks with Apple to bring iPhone to China – November 13, 2007
RUMOR: Ultra-thin, ultra-light Apple Mac subnotebook coming in January – November 12, 2007
RUMOR: Ultra-thin, ultra-light aluminum subnotebook coming soon from Apple – September 22, 2007
Apple selling Macs at record pace, could hit 2.35 million Macs this quarter; Mac subnotebook coming – September 21, 2007
RUMOR: Ultra-thin, ulra-light MacBook Pro coming from Apple by year end – July 10, 2007
RUMOR: Apple’s forthcoming ultra-portable sub-notebook to get 13-inch LED backlit display – May 12, 2007
RUMOR: Apple’s lightweight, ultra-portable, ultra-thin MacBook coming 2nd half 2007? – April 28, 2007