“We wanted to give an update on the Mac business from what we are picking up from our latest supply chain checks,” Kaufman Bros. analyst Shaw Wu wrote in a report to clients Monday. “While new the iMac appears to be almost ready for primetime, what is holding it up appears to be business reasons and a potential small technical hurdle.”

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Apple has squeezed out the latest software update for the iPhone and the iPod Touch, v2.2.1. As always with Apple updates, the release notes are maddeningly sparse.

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Every year Apple rolls out another version of iLife. While iPhoto and GarageBand got major updates, some apps, like iWeb and iDVD, ended up being nearly forgotten about. Still, with updates come new features to figure out and a navigation that’s changed ever so slightly.

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In a five-page Southern District of New York court filing dated yesterday, and signed by attorneys for both parties, Papermaster agrees to check in with Big Blue whenever he’s not sure whether he’s about to tread on confidential information. According to the document, the two sides reached the settlement last Friday.

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