Type of Article: MacMinute Web Site

Compaq today announced that it is recalling 1.4 million power adapters from its Armada and Prosignia laptops, citing a potential fire risk. Earlier this year, Apple announced a recall for 570,000 PowerBook G3 adapters, also citing a fire risk.

The Hawaii Structural Iron Workers Pension Trust Fund has filed suit against Apple accusing the company of hyping the introduction of the Power Mac G4 Cube and iMac in order to keep Apple’s share price high, as noted by MacNN. Four Apple executive sold 370,000 shares for US$22 million just prior to Apple’s announcement that sales of the G4 Cube and iMac had been lagging far behind expectations.

Apple will open a retail store at Valley Fair Mall in San Jose, California, on November 23, according to MacCentral. The store’s location will be just a short distance from Apple’s Cupertino headquarters.

The Internet Streaming Media Alliance, which Apple co-founded, has released its first specification for streaming MPEG-4 audio and video over the Web to computers, cell phones, and other devices. MPEG-4 is the successor to MPEG-1 (which includes the MP3 audio format) and MPEG-2, which is used in DVD encoding. The format is capable of streaming higher quality content over significantly less bandwidth.

Galleon Software today announced its first online collection of source files to allow PowerTicker customers to add new financial resources to the desktop stock-ticker. Source file upgrades are a free service to all PowerTicker customers and are supported in PowerTicker 2.0 and later.