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Remember, the event will have no live video feed. Apple will publish the event in its entirety as a QuickTime stream after the keynote is over. The only communication to the outside world will be attendants, such as media members, bloggers and people with Twitter accounts, that are in the hall watching Steve live.
There will be a number of web sites that will provide near real-time feeds from these attendants. One such site is MacRumors (http://www.macrumorslive.com/), which will even support iPhones. Investors, analysts and enthusiasts will be tuned in. I expect AAPL price to fluctuate wildly after each sound bite is transmogrified through this feed and reacted to by investors. There will be no evaluation of the information just pure reaction.
You mentioned a more important influencer to iPhone's success is the carriers that Apple has signed to distribute the iPhone in more than 70 countries. This is true, but I covered that earlier in the week in the post entitled "Can Apple Double iPhone Sales Goal in 2008?" click here to view it:
http://www.zacharybass.com/2008/06/can-apple-do...
May you live in interesting times.
I enjoyed reading this and other posts on your blog. It seems we both have similar investing approaches with trading/investing in apple at the core. Bottom line is that Apple is an interesting stock. It's both easy to write about and easy to draw investing lessons from it. I tend to write about Apple on my blog more than an other stock and it seems I found a similar blog!
Keep up the great work.