WWDC announcements disappoint some investors, analysts
Posted by Dennis Sellers 
Aug 8, 2006 at 5:40am
Apple’s introduction of the Mac Pro and the Intel Xserve, as well as the first demo of Mac OS X 10.5 (“Leopard”) disappointed investors expecting new consumer gadgets.
Shares in Apple fell more than 2 percent as investors had been hoping Apple CEO Steve Jobs would unveil his trademark surprise at Apple’s annual software developers conference, such as a new iPod music player or a new digital movie rental service.
“It’s a slight disappointment,” Gene Munster, analyst at Piper Jaffray, told CNET. “They announced exactly what people were expecting. To get a rise (in stock price) you have to surprise investors.”
Shares of Apple fell $1.50, or 2.2 percent, to $66.80 on the Nasdaq during Jobs’ WWDC keynote presentation.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 10,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
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