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  Apple Debuts 1-Gigahertz Chip, Ships First iMacs
Time: 09:01 EST/14:01 GMT | News Source: Reuters | Posted By: Robert Stein

SAN FRANCISCO (Reuters) - Apple Computer Inc. (Nasdaq:AAPL - news) on Monday rolled out its first computer with microchips running at 1 gigahertz, breaking a psychological barrier of sorts, and also began shipping its new hit, the iMac entry desktop system. Apple said that it had a 150,000 orders in hand for the desk-lamp shaped iMac, which has a flat screen that appears to float in the air in front of a white hemispherical base and has stirred waves of applause for its unusual design.

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