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Apple beats Street in holiday quarter; shares soar

http://tech.yahoo.com/news/ap/20090121/ap_on_hi_te/earns_apple
Apple Inc. said Wednesday its profit in the holiday quarter edged up 2 percent and beat Wall Street’s expectations, buoyed in part by growing iPod sales outside the U.S. The iPod and iPhone maker’s predictions for the current quarter came in lower than analysts were predicting, but investors seemed happy to focus on the results rather than the forecast. In extended trading after the report was released, Apple’s shares jumped $9.83, or 12 percent, to $92.66. The first question for executives in a conference call regarded the health of Chief Executive Steve Jobs, who announced a week ago that he would take a six-month medical leave. Apple gave no new details, but Tim Cook, the chief operating officer who is handling day-to-day operations in Jobs’ absence, attempted to assure analysts that Apple will continue to do well no matter who’s in charge. “The values of our company are extremely well entrenched,” Cook said. “We believe that we’re on the face of the Earth to make great products, and that’s not changing.”
…Pirates of Silicon Valley exposes Bill Gates as the pathetic and scurrilous little intellectual property thief that was allowed a monopoly with Microsoft because his daddy was high up in the secret government.

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January 22, 2009 - Posted by | Apple vs. Microsoft: Pirate of the Silicon Valley Round 2

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