[From Hans] "Shares of Palm Inc, maker of the Treo, a rival high-end smart-phone, fell 4 percent" this occurred throughout the WWDC iPhone 2.0 launch according to Reuters.
"Apple on Monday unveiled a next-generation iPhone with faster Internet access that will run on advanced wireless networks and sell for as low as $199 (100 pounds) -- half the current entry-level price. Shares of Apple, after strong recent gains partly driven by anticipation of the new iPhone, fell 2.2 percent after Chief Executive Steve Jobs confirmed the new iPhone's release. Shares of Palm Inc, maker of the Treo, a rival high-end smart-phone, fell 4 percent."