Please Update Your Vaporware Pools

Apple's smart phone, or dumb computer, the iPhone, is still on schedule to ship in late June, if the the wireless provider for its service knows what he's talking about.

"Our expectations are good. Our testing has been good," said AT&T Chief Operating Officer Randall Stephenson. "The iPhone is on target to launch in June."

The iPhone has become one of the most highly awaited product debuts since Apple Chief Executive Steve Jobs demonstrated a prototype of the device in January.

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