Elitegroup Computer Systems will pay $234 million in shares and assumed debt to buy Alpha-Top, manufacturer of Apple\'s iBook, according to Bloomberg News. Elitegroup, which previously owned 20 percent of Alpha-Top, sees the acquisition as its way into the consumer notebook computer market, and an analyst with Barits Securities rates Alpha-Top\'s business relationship with Apple as invaluable.
Evening tech news: Palm is expected to introduce the Palm m125 next week, a new $250 low-end handheld targeted at back-to-school shoppers; Microsoft has denied a report issued earlier today that the motherboard of its XBox game console contains a flaw that could delay manufacturing by a few weeks; and some virus writers are now targetting instant messenging networks, such as MSN Messenger, which could pose a menacing threat to corporate networks.
Medea Corporation has introduced VideoRaid FCR and VideoRack FCR, two new RAID storage systems designed as local storage for single workstations or as a storage solution for digital content creation workgroups.
After receiving a ranking of 49th in Business Week\'s assessment of the world\'s most valuable brands, Apple has been named the 13th strongest corporate brand in California in 2000 by Corporate Branding, LLC. The company rated 75 publicly traded companies headquartered in the state, and found Disney, Toyota, and Honda to be the top three brands, respectively.
CValley, Inc. has announced the immediate release of two new Adobe Illustrator CAD plug-ins for Mac and Windows, BluePrintTools-Pro and EXDXF-Pro. BluePrintTools-Pro lets users draw simple blueprints, design with dimension lines or measure over curved lines. EXDXF-Pro converts Bťzier curves from Illustrator to a smooth line with minimal anchor points, while maintaining the curve\'s precision. BluePrintTools-Pro and EXDXF-Pro are $90 each, while the two products combined are $140 as a CAD-COMPO bundle.
MySQL 3.23.41 is the latest version of the Unix-based database server for Mac OS X Server.
Forbes.com asks, \"Can anything save Iomega?\" in an article that discusses the company\'s struggle to move beyond its languishing Zip and Jaz product lines. Author Arik Hesseldahl believes that the company\'s one hope for long-term survival is to offer its storage products for inclusion in other products, such as integrating its Peerless drive, which uses cartridges that hold up to 20 GB of data, into in-car digital audio players or a TV set-top box.
The Sacramento Bee reports on the positive outlook for Apple shared among many financial analysts, who are encouraged by Apple\'s moves to transition from a digital computer company to a digital consumer company. Analysts believe that Apple\'s retail stores and brand image will be a huge aid in keeping them ahead of the curve.
Totally Hip Software, makers of QuickTime-based LiveStage Professional, has announced that it has entered into an agreement to acquire ici Media. The agreement calls for Totally Hip to issue 1.25 million common shares for all of the issued and outstanding shares of ici Media. The shares will be issued to the three founders at a deemed price of $0.10 per share. The acquisition, subject to approval by the Canadian Venture Exchange, increases Totally Hip\'s marketing, sales, support, training, and consulting capabilities.
Architosh has posted the second part of its interview with Nemetschek North America CTO Sean Flaherty on the company\'s future direction and VectorWorks on Mac OS X.
Flagstone Software has released Describe 1.0 for Mac OS X, an application that allows users to browse the contents of a Flash file and examine each tag and the values assigned to each field.
GEDitCOM 3.0.1 is a new version of the Carbonized genealogy software for viewing and editing standard GEDCOM files. Version 3.0.1 removes a debugger mistakenly left in the previous release and adds new interface elements primarily designed for improving use under Mac OS X.
Discreet has announced combustion 2, a new version of its paint, animation, and 3D compositing software that supports new multi-format project capabilities, including video, HDTV, and 64-bit color. New tool sets in combustion 2 include a fully-editable, interactive schematic view, a compositing flowchart designed to make complex visual effects creation faster and simpler, a fully-integrated 2D particle system, a text and motion graphics module, and garbage masking technology compatible with Discreet\'s online visual effects systems. combustion 2, a Carbonized application for Classic and Mac OS X, is expected to begin shipping at the end of 2001 for $3,495; upgrades are $795.
New statistics from Mercury Research show that ATI\'s share of the desktop PC graphics business increased to 27 percent during the second quarter, an increase of six percent from the previous quarter. During the same period, rival NVidia lost 13 percent of its market share, although it maintains a dominate lead with a 53 percent share. NVidia\'s decline was attributed to higher prices in Q2, and better sales in Q1 when customers got wind of the higher prices to come.
Macworld UK reports that Apple has hired Richard Kerris, former director of Maya Technologies at Alias|Wavefront, as director of developer strategies. Kerris, who was the driving force behind the Mac OS X port of Maya, will report to Ron Okamoto, VP of worldwide developer relations.
Apple CFO Fred Anderson is among the proposed slate of directors for 3Com\'s board of directors. The proposed board will consist of eight directors, down from fourteen, reflecting 3Com\'s new, \"more streamlined\" structure.
Apple expects to spend about $85 million this year to open 25 new retail stores, according to its quarterly report filed Monday with the SEC. As of June 30, the company has entered into a number of leasesranging in length from five to twelve yearswith a total commitment of $203 million. The report also said that the retail operation is expected to break even in the first quarter of fiscal 2002 and generate a slight profit for the full fiscal year.
SGI and the OpenGL Architecture Review Board (ARB)comprised of 11 companies, including Appletoday announced the availability of the OpenGL 1.3 specification. New features of the graphics API are designed to \"increase the level of graphics quality and realism.\" Apple is expected to incorporate the new spec into Mac OS X in the coming months.
The Washington Post reports on this week\'s annual convention of the Industrial Designers Society of America in Boston, Massachusetts, where some designers will be calling for the demise of the \"digital lifestyle,\" a phrase widely touted by Apple CEO Steve Jobs as the future of computing. Many designers feel that the \"too cute\" design phase is over, and will lead way to one of \"simplicity, humanism and grace.\"
Waves in Motion has released Analyzer 3.0 beta, a new version of its comprehensive system for documenting and debugging FileMaker databases. The product, which is being showcased this week at the FileMaker Developer\'s Conference in Orlando, Florida, is compatible with both Classic and Mac OS X.
Investment firm ABN AMRO has intitated coverage of Apple\'s stock with an ADD rating; \"While global PC markets remain weak, firm is bullish from a valuation perspective; sets 12-month price target of $25,\" reads a report from company analysts regarding Apple.
Troi Graphic Plug-in 1.1 for FileMaker 5.5 is a tool that adds numerous graphics capabilities to FileMaker. These include RGB color shading, screen capture, and generation of thumbnails. The new version adds OS X support and fixes several bugs.
The Macromedia Flash Jump Start Kit is a new free two-CD training collection with more than 150 resources and assets created to help Web designers get started using Macromedia Flash 5. The free kit is available to users who purchase Macromedia Dreamweaver 4, Macromedia Flash 5, or any product studio containing either software.
ATI has unveiled its next generation of Radeon graphics cards, offering three new products based around a new chipset aimed at competing with NVidia\'s GeForce 3. The Radeon 8500 offers SmartShader and Truform rendering capabilities and includes support for the Microsoft DirectX 8.1 API. The 8500 will be priced at $399 and include 64 MB of VRAM. The Radeon 7500 is purported to deliver speed increases of 60 percent over the previous Radeon chipset, features 64 MB of VRAM and is priced at $199.
A MacNN reader reports that Mac OS X 10.1 Build 5G15 is available for download by registered ADC (Apple Developer Connection) members. The release includes a User Install and Dev Tools.
Visualizer 1.0 is a tool that allows FileMaker Pro databases become instant visual entity relationship (ER) diagrams. Waves in Motion will announce the beta release of Visualizer 1.0 and companion developer tool Analyzer 3.0, at the FileMaker Developer\'s Conference in Orlando, Florida, August 13-15.
Now AAPL Stock: 94.02 ( -2.58 )
Apple brings iTunes Movie Trailers app to Canada
After five years, Apple has expanded its iTunes Movie Trailers app for iOS to Canada. As of Saturday, the free app allows movie buffs to see HD movie trailers for new studio and independent features, and explore some other movie-related extras such as photos, behind-the-scenes footage, or clips from upcoming films. Users can save trailers for quick access, read reviews from RottenTomatoes.com within the app, use AirPlay to send them to an Apple TV, share trailers, and peruse the top movie charts. http://apple.co/1UUKtwr
Apple expands CloudKit API, provides web interface
On Friday, Apple notified developers that it was expanding a feature of CloudKit to allow for server-to-server web service requests. "In addition to providing a web interface for users to access the same data as your app, you can now easily read and write to the CloudKit public database from a server-side process or script with a server-to-server key," Apple said in its announcement. Previously, interaction with the CloudKit public database was limited to apps and web only. http://apple.co/20h1RwP
Remote S for Tesla Apple Watch app drives car out
Developer Allen Wong has created the Remote S for Tesla app, which can be used to remotely activate the Model S electric car via an Apple Watch, and drive it a short distance. Aside from providing data about the car and some basic function controls, the unofficial app uses the manufacturer's Summon command to allow the car to turn on, exit the garage, and park near to the user's location. The app is available to purchase from the App Store for $10. http://apple.co/1PprF4t
Seagate 3TB unreliability suit expands
The Seagate 3TB class-action hard drive lawsuit has been expanded to more devices. The expanded suit, filed today, now includes Seagate's Barracuda 3TB Hard Disk Drive,¬†Desktop HDD 3TB, Backup Plus 3TB External Hard Disk¬†Drive,¬†GoFlex 3TB External Hard Disk Drive, or any other Seagate hard drive with model number ST3000DM001. The law firm, Hagens Berman, is seeking information from consumers such as time in service, purchase price, and the nature of any drive received in return from Seagate as a replacement for a failed unit. http://bit.ly/1Pc34Cq
BlackBerry Canada, Florida hit with layoffs
The BlackBerry campus has reportedly been wracked with layoffs. Sources familiar with the company's Waterloo office staffing claim that close to 35 percent of the local workforce has been laid off, with the deepest cuts being made in the BlackBerry 10 OS and hardware teams. Additionally, the state of Florida has been officially notified that the company's Sunrise facility will see 75 people fired. Enthusiast site Mobilesyrup puts the layoffs at around 1000 total. http://bit.ly/1Pc1Rep
Instagram tests multiple account support for iOS
Instagram is trialling support for multiple accounts in its iPhone app with a small number of users. The Facebook-owned photo sharing service confirmed the reports of the tests to TechCrunch, which will allow a single user to manage more than a single account within the app, transferring between two or three accounts with a few taps. It is unclear when the feature will roll out to the public, but it has previously tested it with the Android version of the app since November. http://tcrn.ch/1SPKEKh
Foxconn CEO declares Sharp deal near done
The Foxconn bid for Sharp is allegedly only waiting on specific details of the deal. Foxconn CEO Terry Gou has declared that his company has privileged negotiation rights for the Apple iPhone screen supplier, saying that "we have a consensus, the rest is a process ... I don't see a problem completing this process." Gou hopes the deal, worth up to $5.6 billion, will be formalized by the end of February. http://reut.rs/1SPEQjN