( Story updated with Apple's new all-time high.)
Packed with Apple, AT&T, and the new iPhone 4 news, here's a roundup of TheStreet's top technology news for the week.
NEW YORK (
shares were up about 65 cents to $272.50 in early Friday trading, outpacing the modest rise in tech stocks that were up about 0.12%. Many big tech giants were among the Nasdaq's most active stocks, with
down about .04% (to $26.36),
up about 1%, and
rising 0.23% to $21.56. The semiconductor giant is the sector's 800-pound gorilla, and analysts expect Intel to solidify its spot when it reports earnings July 13.
Perhaps pondering life without Apple
further fleshed out its Android strategy on Monday, with
smartphone. Smaller than a deck of playing cards, the Aria supports both WiFi and 3G networks, but some early users have complained about AT&T blocking the ability to install third-party apps.
AT&T was down about .86%, or 22 cents, to $25.35.
Apple's new iPhone 4 dominated the news again this week, when on Tuesday, the deluge of demand for the
. Yesterday, Apple again pushed back the shipment date for new iPhone orders placed online to July 14, apparently due to
, analysts said.
Apple shares hit another new high today -- the second time this week -- and briefly touched $275 around noon. On Thursday, shares hit a high of $272.90 on refreshed rumors of a CDMA
, which will supposedly ship by the holiday season. Friday morning, at least three analysts had upgraded their ratings for Apple, pointing toward higher iPhone estimates, strong iPad demand, and potential stock appreciation over the next year.
More on iPhone Verizon iPhone Signs Send Apple Soaring
Cisco joined the Apple buzz early in the week, when the company announced that it will soon launch
. The app allows users to search across a wide array of content on their devices.
Last on the Apple front,
, like analysts, fanboys, and tech watchers, wonders what the company's next big thing will be. Here are
, the world's largest smartphone outfit, issued its second sales miss warning in two months on Wednesday.
more market share than it did last year and that second quarter sales will fall below its $12.9 billion target range predicted by analysts.
The Finnish giant is hoping its new touchscreen smartphone, the N8, will help the company boost sales -- and retain its market position.
, boasting a 12-megapixel camera and streaming TV services, goes on sale sometime in the third quarter.
Nokia shares were trading down about 0.78% -- at $8.92 -- on Friday.
Tech's week ahead
Check in with
on Wednesday, when
, an Android-powered smartphone with a largeish 4.4-inch screen. The event marks Motorola's second Droid movement -- and hopefully what will be a big hit for the company, which needs a smartphone winner to stay in the game with the likes of Apple and
Research In Motion
Thursday, we're expecting Apple and AT&T to make somewhat of a news splash when the new iPhone 4 hits shelves at Apple stores,
. Will Apple have enough iPhone 4s in stock to keep up with the huge crowds we're anticipating? Will Apple stock the elusive white iPhone 4?
--Written by James Rogers in New York
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