Saturday, June 11, 2011

Apple to Recall Some IPad 2 Tablets for Verizon Connection Flaw -Thursday 6/09/2011, written on 6/11/2011

http://www.bloomberg.com/news/2011-06-11/apple-to-recall-some-ipad-2-tablets-for-verizon-connection-flaw.html?cmpid=yhoo

Apple to Recall Some IPad 2 Tablets for Verizon Connection Flaw


Apple Inc. (AAPL) said it’s recalling an “extremely small number” of iPad 2 tablet computers to correct a manufacturing flaw that prevents some users from connecting to the Verizon Wireless network.
The recall only involves devices running on the Verizon network, Trudy Muller, a spokeswoman for Cupertino, California- based Apple, said yesterday. She said the company will replace those tablets with new ones and declined to say how many users were affected.

Originally, I thought the recall of the iPad would have a decreasing effect on AAPL stocks.  After some thought I do think they will see a slight drop but it will bounce back quickly.  The error seems to have been recognized and fixed.  However, since they declined to say how many people were affected it may be a bigger drop than anticipated.  "extremely small number" is very opinionated.

AAPL: 331.49
DELL: 15.67
LNVGY.PK: 11.19

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