Apple may surpass Exxon as most valuable company: # 3 hours ago
NEW YORK -Miami Herald:
(--) "As soon as the total value of the company's shares edges above Exxon's, Apple will take over the top spot in the Standard and Poor's 500, the market index used by most professional money managers." [more]
Image: Apple CEO Steve Jobs
Speaking at an Apple Special Event at Yerba Buena Center for the Arts (S.F. Calif.)
Today, Apple dominates the business of putting the Internet in your pocket. That's quite a feat for a company that was worth only $7 dollars a share 10 years ago. It closed Friday at $282.52. #
Apple CEO Steve Jobs announced upgraded versions of the entire iPod line, including an iPod Touch that includes a camera and smaller version of Apple TV. [read]
NOTE: Many computer processors are made right here in the U.S., and all the g5 procs are made right in NYC... Apple computers assembled in U.S.A. are the eMac & Powermac (except 1.6ghz)
-On the bottom of the 15" albook:
"Designed by Apple in California. Assembled in Taiwan." (ht/macrumors)
-Assembly as inspected under Apple standards; & high labor practice reviews.
Good to hear that US innovation remains strong...
We can't compete w/ slave labor; more will openly examine its ethics...
-China is worth a warning:
First they mess with your currency exchange rate, buy to dominate and control all of your heavy industry... And then apply efforts to organize trade to dominate exports, steal your IP, and counterfeit your products; while failing to appreciate currency... And in the end, they close the door by refusing to accept your currency dollar, or as swap.
This does not reflect normalized trade flows... So beware.