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12:25 PM ET, October 22, 2008

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Tom Krazit / CNET News:
Why the iPhone is now Apple's most important product  —  When Apple Steve Jobs introduced the iPhone in January 2007, even he might not have realized how soon it would become a huge part of Apple's business.  —  (Credit: Declan McCullagh/CNET News)  —  The rampant success of the iPhone …
Saul Hansell / Bits:
Steve Jobs's Home Run With the iPhone  —  Apple generates so much hype and gratuitous superlatives that it can be hard to distinguish when it has done something that is truly remarkable.  But going over what Apple said in its earnings release and conference call Tuesday …
AT&T:
Strong Wireless Gains, Sound Operational Execution Highlight AT&T's Third Quarter; Results Led by 2.4 Million iPhone 3G Activations, Rapid Wireless Data Growth  — $0.55 reported earnings per diluted share versus $0.50 in the year-earlier quarter  — $0.67 adjusted earnings per diluted share …
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Dan Frommer / Silicon Alley Insider:
Apple's iPhone Boosts AT&T's Wireless Business, But Whacks Profits  —  Why did AT&T (T) make sacrifices to become Apple's (AAPL) official U.S. iPhone carrier?  Because it's leading the company in growth: AT&T says it activated 2.4 million (about a third of Apple's 6.9 million total) …
AT&T:
AT&T Customers to Enter a ‘Bold’ New Wireless World  —  Breakthrough BlackBerry Smartphone Is Coming to Nation's Fastest 3G Network; Arrives in Stores Nov. 4  —  Waterloo, Ontario — AT&T customers will be entering a bold new wireless world with the launch of the BlackBerry® Bold&trade …
Jonathan Skillings / Crave:
T-Mobile delivers the G1 (aka Android) phone  —  This was the first G1 sold, at a T-Mobile store in San Francisco.  —  (Credit: James Martin/CNET News)  —  T-Mobile USA on Wednesday made the formal, nationwide launch of its G1, the first phone to run Google's Android operating system.
RELATED:
Priya Ganapati / Gadget Lab:
T-Mobile Store Opens Doors to G1 Phone
Discussion: Pulse 2.0
John Markoff / Bits:
Read My Lips: Apple Is a Netbook Maker  —  Steve Jobs appeared as a surprise “special guest” on Apple's earnings call Tuesday afternoon.  —  Mr. Jobs, Apple's chief executive, has not taken part in one of the company's conference calls with analysts since 2000, according to the company.
Chris Morrison / VentureBeat:
Metaplace raises more funding to be the MySpace of virtual worlds  —  Metaplace, a company that will allow anybody to build their own virtual world and access it through through an ordinary web browser, has taken $6.7 million in funding as it nears a public release.
Discussion: GigaOM and RotorBlog.com
RELATED:
Jason Kincaid / TechCrunch:
Metaplace Raises $6.4 Million For Custom Virtual Worlds
Discussion: Pulse 2.0 and Startup Wire
Sam Diaz / Between the Lines:
Steve Jobs to Wall Street: Apple is positioned to ride economic storm  —  Apparently, Steve Jobs still has what it takes to sell Apple - even to battered-down Wall Street.  —  For the past week or so, there's been a lot of chatter about the state of the economy and what sort of impact …
Discussion: Big Tech, Gearlog and Apple
RELATED:
Tom Krazit / CNET News:
Apple CEO Steve Jobs holds court on earnings day
Discussion: Dollars and Sense
John Paczkowski / Digital Daily:
Apple the Acquirer?  —  With $25 billion in cash and short …
Discussion: Venture Chronicles
Gmail Blog:
New in Labs: Canned Responses  —  Hello, you've reached Chad's mailbox.  Thanks for your email about the latest Labs feature: Canned Responses, or email for the truly lazy.  I'm on paternity leave so I won't be able to respond personally.  Instead, I hope you'll enjoy this automated message.
Rich Miller / Data Center Knowledge:
A Look At Google's Newest Data Center  —  A photo of Google's data center in Goose Creek, South Carolina.  —  On Monday we got a look at Microsoft's “hangar bay” for data center containers inside its new Northlake, Illinois facility.  We've also been told that one of the Google company …
Discussion: Rough Type, DailyTech and Slashdot
Suzanne Tindal / ZDNet.com.au:
Intel slams ‘slow’ iPhone ARM CPU  —  Any speed shortcomings in Apple's iPhone were the fault of its rival chipset manufacturer ARM, a senior Intel executive said in Taiwan yesterday.  —  “The shortcomings of the iPhone are not because of Apple,” Intel's director of ecosystems …
Michael Arrington / TechCrunch:
Jerry Yang Email To All Yahooers: 10% Of You Are Fired  —  Yahoo CEO Jerry Yang sent the email below to all Yahoo'ers at 2:20 pm PST, after earnings were announced.  Besides being all lowercase, as usual, he lets everyone know that the company will be letting 10% of employees go to help save $400 million in annual costs.
RELATED:
Michael Arrington / TechCrunch:
Like.com's Perfect Timing: $32 Million Series C Round  —  Silicon Valley based Like.com managed to raise a monster round of financing at just the right time: $32 million in Series C round of funding that closed in August, led by Menlo Ventures.  Crosslink Capital also joined the round, as well as all previous investors.
Eric Savitz / Tech Trader Daily:
SanDisk Shrs Plunge As Samsung Withdraws Takeover Bid  —  SanDisk (SNDK) shares are sharply lower this morning after Samsung withdrew its offer to acquire the company.  —  In a letter to SanDisk disclosed late yesterday, Samsung Electronics CEO Yoon Woo Lee said he is “disappointed” that the two companies could not reach an agreement.
Discussion: The Core Truth and Business Wire
RELATED:
Brooke Crothers / CNET News:
Samsung withdraws offer to buy SanDisk
Greg Sandoval / CNET News:
Will record labels control digital-music lockers?  —  A fitting anthem for Michael Robertson these days would be The Rolling Stones' hit, Get Off of My Cloud.  —  For nearly a decade, Robertson, the often controversial cofounder of MP3.com and Linspire, has toiled to store music in the cloud …
Discussion: hypebot and mathewingram.com/work
 
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 More Items: 
Tony Smith / The Register:
Apricot drops ‘too complicated’ Linux from netbook line
Discussion: jkOnTheRun and open
Associated Press:
Sprint to join rivals in cutting termination fees
Discussion: Boy Genius Report and Electronista
Chris Mellor / The Register:
EMC's double-digit growth run will finish this quarter
Discussion: eWeek, Reuters and Business Technology
Guardian:
In praise of ... Lawrence Lessig
BBC:
Gizmo puts cold callers on hold
Discussion: Slashdot
Andrea Chalupa / Portfolio:
Recession Proof Alert: Online Video
Dan Goodin / The Register:
Skype (kinda, sorta) shields Mac kiddies from VoIP smut
 Earlier Items: 
Newsosaur / Reflections of a Newsosaur:
Fat newspaper profits are history
Discussion: Beyond Search
Karen E. Klein / Business Week:
The Growing Frustration of eBay Sellers
Discussion: CrunchGear
Miriam Marcus / Forbes:
Bad Day For Midway  —  Sumner Redstone's videogame publisher …
Jason / Signal vs. Noise:
Introducing WysiHat: An eventually better open source WYSIWYG editor
Schneier on Security:
Quantum Cryptography