Nasdaq Gives Up Heady Gain, Ends 1.4% Lower

The Nasdaq turned tail after gapping up at the open, closing 1.4% lower on higher volume and undercutting Monday's low. One of the most noteworthy drops came from Apple, (AAPL) which lost 9.67 to 131.76. The 7% slip apparently came on rumors the company may be cutting production of its new i- Phone or its flagship iPod music player. The stock has erased most of its gains since clearing a 127.71 buy point from a pullback near its 10-week moving average.DXP Enterprises (DXPE) also felt the pain, gapping down 11.88 to 32.44 on massive volume. A supplier of electrical motors and other parts, primarily to the oil industry, it missed second-quarter earnings expectations. Tuesday's 27% drop drilled far below DXP's 10- and 40-week moving averages, snuffing a 13-week-old double-bottom base. Read more - Original Story

Midday Action, July 26

By Jody Osborne, Optionetics.com Published: July 26, 2007 1:00 PM EST Volatility continues Thursday with stocks seeing sharp declines in midday action. via Optionetics - Original Story

Friday, July 27, 2007

"Additional security information is needed" Posted by Charles W. Moore on 07/27 at 09:06 AM iPhone AC adapters failing Apple Unlikely To Budge Anytime Soon On iPhone Pricing Apple's Quarterly Earnings Show The iPhone Revolution Is Succeeding iTunes ... via Applelinks - Original Story

Security newcomer thwarts attacks at Windows kernel

"All the different ways that Web technology is getting poked, prodded and abused and is used to attack any weakness in your networks means everyone has to be working harder on solutions." A company led by executives with deep roots in Microsoft Windows has a plan for stopping browser-based malware attacks in the enterprise by identifying and blocking rogue threats at the operating system kernel. via TechTarget - Original Story

Researchers Hack Into IPhone Via Web

"Hopefully, on Aug. 2, nothing happens: we release the information, everyone's patched and that's it" By PETER SVENSSON Monday, July 23, 2007 Hackers could take control of an iPhone if its owner visits a doctored Web site or Internet hotspot, security researchers reported Monday. via WQXI-AM Atlanta - Original Story

iPod Travel: How This Sleek and Sexy Gadget Can Change Your Vacation

How is a music player more than a music player? Adam Sachs counts the ways Apple Computer's familiar sleek, milky-white iPod is many things to many people: portable jukebox, status symbol, fashion accessory. via Conde Nast Traveler - Original Story

Rumor Control: Sony Boss Calls Steve Jobs 'Greedy'

The masters of gossip over at Page Six have finally given us what we've been waiting for: CEO revelations of jealously over Steve Jobs' recent iPhone success. via Wired News - Original Story

Waiting Out West: iPhone Lines in Silicon Valley

Tad Malone, the son of ABCNews.com Technology Columnist Mike Malone, got a call last night. via ABC News - Original Story