PHP's operator

What does the <> operator mean exactly?

Is it the same as != (not equal)?

Sample code

$foo = 'text';

if ($foo <> 'photo') {
    echo 'foo';
}
else {
    echo 'bar';

}

Answer

As NikiC notes, <> and != are the same and have the same precedence. My earlier answer was based on what appears to be a bug in the documentation which has now been corrected.