Tuesday, September 2, 2008

The power of blunder blog?

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What:Engadget posted a story yesterday claiming the expected June launch of the iPhone would be delayed until October and the Leopard October debut would be postponed until January. Engadget’s credited its source as coming from an internal Apple e-mail.
The e-mail tip turned out to be false. But before anyone figured this out Apple’s stock tumbled 3 percent losing $4 billion in value by the end of the trading day.[Source]Comment:The power of blog turned to cause stock plunge. Too bad this time caused by the false news. It’s terrible. No wonder, this news hits the international head-line today. I think it’s beyond Engadget’s intention, off course. Hopefully Engadget (and us) got a lesson from this case. Next time better.

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