Well, finally

It took Apple several days to come up with a solution, but they finally did it today. Free cases will correct the problem with the iPhone 4 antenna. Had Apple continued to dilly-dally on this issue, shares probably would've caved in like the rest of the market today, which is down almost 3% on negative consumer data. AAPL is down just 0.5% to 250.17.

This should end any and all rumors about an iPhone recall, which were drummed up by those sneaky hedge fund sharks. They got their shares as low as 243, so they'll be dancing up a storm this weekend. AAPL reports on July 20, and barring global catastrophe, shares will be higher than 243. Just a wild guess.

Not owning an iPhone, I rely on Mr. MG, who is light years ahead of me when it comes to tech toys. Mr. MG's take?

1. The antenna problem is severely exaggerated. He loves the new iPhone and has no issues with it. Holding it a certain way is just common sense, he adds.

2. If/when Apple adds Verizon as a provider, Mr. MG will stick with his AT&T plan. Is he insane? No.

"When you add 20 million people to the 80 million already using Verizon, they're bringing their iPads and iPhones. They're going to clog things up at Verizon, using up major bandwidth. Then AT&T's lines will be a lot better."

In his usual, contrary way, Mr. MG is right, or will be, it seems.

As for that Steve Jobs guy, he says the rate of refunds to unsatisfied iPhone 4 buyers is just 1.7%, or less than a third the rate of the iPhone 3. He also adds that the iPhone 4 does drop more calls, according to new data. The increase is less than 1 per 100 calls.