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Apple unveils new laptop
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May 10, 1999: 2:58 p.m. ET
Shipments of long-awaited PowerBook to begin later this month, Jobs says
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NEW YORK (CNNfn) - Apple Computer Inc. unveiled its new PowerBook notebook computer Monday, a lighter and faster model that the company has been touting for months.
Apple (AAPL), whose stock has been on the rebound lately in anticipation of a round of new products, will begin shipping the computers within 20 days, interim chief executive officer Steve Jobs said at the company's annual Worldwide Developer Conference.
The new PowerBook, featuring a processor of 333 or 400 megahertz, is faster, slimmer and has a longer battery life than previous models. The notebooks are priced at $2,499 for the 333 MHz model and $3,499 for the faster 400MHz model.
The new G3 weighs 5.9 pounds, about 2 pounds lighter than its predecessor, and is also about 20 percent slimmer, the company said. The new notebooks can run on one battery for up to five hours, or up to 10 hours with a second battery.
At the San Jose, Calif., product conference, Apple also introduced its new Mac OS 8.6 operating system, an upgrade of the existing OS 8.5 system, and announced an agreement with the speech technology firm Dragon Systems to bring its speech-recognition software to the Apple Macintosh.
Apple also touted the updated version of its QuickTime 4.0 multimedia software and said it soon will announce partnerships with additional content providers. Apple already has deals to provide content from Home Box Office, Bloomberg financial news service and British Broadcasting Corp. Using QuickTime, Apple has linked up with Lucasfilms to put trailers of the highly anticipated new "Star Wars" film on the Internet.
Apple, based in Cupertino, Calif., has undergone a corporate resurrection under the aegis of co-founder Jobs, who returned to the company in September 1997. He had left in 1995, after a boardroom battle. The company's popular iMac personal computer is credited with much of its turnaround in sales.
Shares of Apple were trading up 3/8 at 46-1/4 Monday afternoon. 
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