Bear Stearns downgraded Apple’s rating today, saying the stock has already reached the year-end price target set by the firm’s analysts. Apple’s rating went to “peer perform” from “outperform,” Bear Stearns said. With Apple’s shares hitting the firm’s year-end target of US$36.50, there is a “lack of compelling upside” headed toward next year, Bear Stearns wrote in a note to clients.
Read MoreOptibase today announced that MPEG MovieMaker 200S, its high-end MPEG-2 and MPEG-1 encoding board, has been released with support for the Power Mac G4, G5 and Mac OS X. Designed for the creation of DVD, SVCD and VCD content, it works to complement Apple’s DVD Studio Pro, as well as the other main SVCD/VCD authoring tools on the market.
Read MoreSony today announced the Cyber-shot M1, a 5.1-megapixel camera that automatically records five seconds of QVGA video before and three seconds after a still image is snapped. The matte-black camera is about the size of a deck of cards, is held vertically, and offers a 2.5-inch articulated LCD that rotates 270 degrees. Other features include a Carl Zeiss Vario-Tessar 3X optical zoom lens, MPEG-4 compression, and more. The Cyber-shot M1 is expected in December for about US$600.
Read MoreApple has posted a Star Wars: Knights of the Old Republic feature on its Web site. “It is four thousand years before the Galactic Empire and hundreds of Jedi Knights have fallen in battle against the ruthless Sith. As the last hope of the Jedi, you must lead a band of freedom fighters in an epic struggle to save the galaxy.” A video trailer is also available.
Read MoreAlco Blom has released URL Manager Pro 3.3.1, the latest update of his professional bookmark manager for Mac OS X. URL Manager Pro allows users to store, manage, and organize bookmarks independently of their browser. Version 3.3.1 adds support for import of Opera 5’s bookmarks and OmniWeb 5’s toolbar favorites. URL Manager Pro 3.3.1 requires Mac OS X 10.2 or higher and is priced at US$25.
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