Wednesday Apple Rumors: Uncle Sam Slaps Down AT&T/T-Mobile

Here are your Apple news items and rumors for Wednesday: Uncle Sam Slaps Down
AT&T/T-Mobile: The U.S. government moved to block AT&T s (NYSE: T ) merger with
Deutsche Telekoms T-Mobile USA on Wednesday. An antitrust complaint was filed
that claims the merger would substantially lessen competition, according to a
report at Bloomberg . AT&Ts elimination of T-Mobile as an independent,
low-priced rival would remove a significant competitive force from the market,
the filing reads. AT&T shares fell more than 3% on Wednesday morning following
the announcement. While AT&Ts shareholders are undoubtedly disappointed by this
development, it comes as good news to Verizon (NYSE: VZ ), Sprint (NYSE: S ) and
numerous small telecoms. iCloudless Skies for iPhone, iPad Users: For anyone
excited about having streaming access on their Apple (NASDAQ: AAPL ) iPhone and
iPad to all the music and movies stored in their iTunes via the new iCloud
service, youre in for a rude awakening. iTunes Match and iCloud do not stream
content to Apples portable devices. The lack of streaming support was confirmed
in a Tuesday report at All Things Digital . What iOS users will be able to do is
access their stored library of media through iTunes Match, then download it
directly to their device. This distinguishes iCloud from competitors like Google
(NASDAQ: GOOG ) and Amazon s (NASDAQ: AMZN ) cloud services. Turn Left at
Low-Cost Garmin Navigation App: Up until now, Garmin s (NASDAQ: GRMN ) GPS app
for the iPhone and iPad has been one expensive piece of technology, running
users $60 for a single download. Realizing thats an untenable business model for
a company whose technology is slowly being outmoded, Garming has introduced the
Garmin StreetPilot onDemand app. The new GPS navigation program uses a
subscription pay model rather than a flat fee, running users 99 cents per month.
This lighter version of StreetPilot provides public transportation info for 31
cities and does spoken turn-by-turn directions in the vintage Garmin style. Of
course, GPS navigation tools with spoken turn-by-turn directions come free in
some Android phones, such as HTCs Thunderbolt. Consumers tend to like things
that cost nothing more than they like things that cost a dollar. Garmin should
explore that. As of this writing, Anthony John Agnello did not own a position in
any of the stocks named here. Follow him on Twitter at