Apple slashes price of WebObjects

San Jose, Calif. -- Apple Computer Inc. on Monday said it was slashing the price of its Web applications software WebObjects to $699 from $50,000.

Apple said it was making the drastic cut in the price of its WebObjects software, which is used to create Web applications, to put the technology in the hands of more software developers. "We have a nice revenue stream, but we've decided to take this technology and put it in the hands of more people," CEO Steve Jobs told the crowd during his keynote speech at Apple's Worldwide Developers Conference here. -- Reuters

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