While most people believe that the bounce back in the market today was due to the 75 basis point cut by the Fed, the truth actually lies in two new exciting announcements for Apple users.
Today Apple unveiled Safari 3.1 for Mac and Windows PCs - just 1.9 times and 1.7 times faster than Internet Explorer and Firefox, respectively.
Kleiner Perkins, one of the best-known VC firms in Silicon Valley also launched a $100 million iPhone Fund today, iFund. Ironically, their first investment is Seattle, Pelago. Check out Jeff Holden's (CEO and Co-Founder of Pelago) post on his trip to Cupertino and of course Mr. Job's presentation on the iPhone from a few weeks ago. (The iPhone purportedly now has 28% market share and 71% of the mobile phone web browsing market.)
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Brett Suchor
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