How to burn 4 billion dollars with a blog entry

Whoa. My favorite tech blog, engadget.com, reported yesterday that the iPhone will be delayed until October 07 and that Leopard will only ship in January 08. They got this from an internal memo being circulated inside apple's corporate e-mail. That turned out to be a fake, but engadget's report caused the apple stock to drop from $108.83 to $103.42. Within minutes. The power of blogging.