The Tech stocks are putting in a strong early trading performance Today, as gains from Apple Inc (AAPL) and Dell Inc (DELL) gave a slight lift to the sector that was trying to come back from the previous session’s losses. Apple’s iPhone SDK “event” will be live sometime today, rumored to be at 1pm. Dell also unveiled a new, high-end sets of designer notebook PCs called Adamo in an effort to build up its line of notebooks and take on Apple. The Nasdaq ($COMPQ) is up 1.9% to 1431.
Careful out there today with FAZ. Seems like an upward bias is being set short term.
These Bollinger Bands are getting WIDE people so stay nimble and lets watch the close.
Keep an eye on the Dow. It is at 7300 or so and climbing (+80). We could be headed back up for the double top at 7376. After that all bets are off and i say we head back south to test the lows.
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Twitter updates from the Apple event
1:04 PM 13.7 M iPhones in 2008, 17 M total
1:09 PM 25k apps in app store, 800 M downloads in 8 months, 96% of apps approved.
1:14 PM So far 3.0 OS event looks like it’s just about – the OS.
1:16 PM 1000 new APIs in 3.0, offering in-app purchase for subscriptions, etc., Apple gets the usual 30% cut.
1:20 PM Apple owns the connector for all the hardware applications they just opened up. With a 10% toll. Plus the 30% toll on the software.
1:24 PM Google Maps inside iphone apps, accessories communicate over bluetooth or Apple connector.
1:27 PM re-architected push – “good to go”, no background processing – drains battery too fast (80% vs 23% for push)
1:29 PM Engadget says it’s very un-likely iPhone going to get background apps feature many hoped for, bad for Apple
1:35 PM Apple adding new apis for streaming audio and video, and in-game voice #iphone
1:37 PM ORCL on stage at Apple iphone 3.0 event
1:44 PM Turn by turn navigation will be available for iPhone. Bad news for Tom Tom, Garmin, Magellan.
1:48 PM iPhone to have Apps access to hardware via dock connector. Endless possibilities for expansion of utility…
2:19 PM Apple iPhone software presentation just ended, says Macworld, with no tablet, netbook or ipad touch sadly.
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