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Engadget post hits Apple stocks

p2pnet.net news:- Who’d have thought a mere online publication could have a major effect on Apple stocks?

“This one doesn’t bode well for Mac fans and the iPhone-hopeful,” said Engadget a couple of days back, going on:

We have it on authority that as of today, the iPhone launch is being pushed back from June to… October (!), and Leopard is again seeing a delay, this time being pushed all the way back to January. Of 2008. The latest WWDC Leopard beta will still be handed out, but it looks like Apple-quality takes time, and we’re sure Jobs would remind everyone that it’s not always about “writing a check”, but just how much time are these two products really going to take?

The supposed leak was down to a supposed Apple internal email but the ‘authority’ proved to be not entirely reliable because, “the tip turned out to be false,” says MacWorld. “But before anyone figured this out Apple’s stock tumbled 3 percent losing US$4 billion in value by the end of the trading day.

“Apple reacted quickly and issued a statement saying that the iPhone and Leopard are both still on track — the iPhone will ship at the end of June, and Leopard will ship in October.”

In a hurried update, “Here’s the story,” says Engadget.

A trustworthy source supplied us with an actual internal Apple email that went out to thousands of Apple employees earlier today (published after the break). The fact that this was an email sent within Apple’s internal email system to its employees is not in question. Let us reiterate: this was an ACTUAL email distributed within Apple’s internal email system to Apple employees.

As it turns out, the internal memo Apple employees received was actually retracted by Apple shortly after it was sent out. (Also published after the break.) We received confirmation from Apple PR that this initial email sent out to Apple employees was incorrect, and they let us know that the iPhone and Leopard are both still on track, and should meet their expected launch timeframes.

Adds the post, “Presumably Apple is now on the hunt for whomever was able to spoof its internal email system.”

Presumably, when it tracks the culprit down he or she will find themselves at the wrong end of an Apple lawsuit.

And as the publisher of the scurrilous piece, will Engadget find itself hit with claims for US$4 billion?

Slashdot Slashdot it!

Also See:
Engadget - False alarm: iPhone NOT delayed until October, Leopard NOT delayed again until January, May 16, 2007
MacWorld - Engadget blunder sends Apple stock tumbling, May 17, 2007

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