Apple Stocks Drop Following Fake Heart Attack Report
Following last week’s that Apple founder, Steve Jobs, had suffered a bout of ill health (first reported on CNN’s iReport), Apple saw stocks drop below $100 for the first time since May 2007.
Last week was tumultuous for the technology industry. Stocks dropped significantly on Monday — and while many companies, Apple included, experienced a slight rebound on Tuesday, stocks dropped once more later in the week, leaving many firms back where they had been at close of business on Tuesday.
For Apple the drop in stocks last week had the tiniest of silver linings. The company had managed to get shares up to $180 over the last year or so and while they closed at just over $100, the company managed to stave off dropping back into double figures. That is, until CNN gave its CEO a heart attack.
Following the rumor that Steve Jobs had been rushed to hospital in the early hours of Friday morning experiencing chest pains, Apple saw shares drop below the $100, and at 12:55 p.m. yesterday, trading was at $89.
The hit Apple took on Friday brings about the debate (yet again) as to whether or not shareholders should be informed about Jobs’ health. Boatloads of analysts will tell you that a Jobsless Apple would be a very different company, and although some people would be more inclined to think the company is in a better position than it has ever been to handle life without its founder, stockholders’ panicky reaction to Friday’s news is an indication that while the business might be fine without Steve, shareholders aren’t about to cheer him into early retirement just yet.
- Nintendo DSi to be Region Locked
- RIM CEO Hints BlackBerry Bold's Delay on AT&T is Influenced by iPhone
- T-Mobile Data Disk for 17 Million Customers walks out the door.
- eBay Lays Off 1,000, Purchases Bill Me Later
- HTC and T-Mobile Expect to Shift Half a Million G1s in Q4
- Yahoogle! Deal Delayed Pending Discussions with Department of Justice
- Threat of DSi Lowers Best Buy Shares
- Apple Puts Steve Jobs Heart Attack Rumor to Rest
- Sony: PlayStation 3 Sales Better Than Expected
- Google Offers You Work In Return for Sending Your Mail
- European Union Says iPod Must Die
- Teens Will Hate Driving with Ford's MyKey
- Guitar Hero World Tour Pricing Hits $239 High
- Steve Wozniak Says iPod's Days are Numbered
- Sony Urged to Lower PS3 Pricetag Before Holiday Season
- MySpace and Hewlett Packard Add Print Function to Users' Profiles
- Verizon and RIM Announce the Official Launch of BlackBerry Storm
- Viewers Preferred the Bill and Jerry Show
- RealDVD Sales Suspension Extended
Apple's PR machine at work covering up the news. Is Apple going to buy a Japanese robot to replace Job in secret to protect the stock value? I think Job might be the first CEO that has no life limitation like a corporation.
Apple's PR machine at work covering up the news. Is Apple going to buy a Japanese robot to replace Job in secret to protect the stock value? I think Job might be the first CEO that has no life limitation like a corporation.
yeah lol, "my name is J.O.B.S. we got another ipod... buy it to be cool like the rest of us cool people who follows apple, otherwise you will be declared unpopular!"
jobs is apple
he is the god almighty, bow to him NOW
I think it shows a huge lack of faith in a company as large as this when it's fortunes are deemed to rest soley on the work of one man. I'm sure Apple would do fine without Jobs, they have plenty of designers and a big pr machine to keep them going. But they may need to buy some lightbulbs to replace the light from the sun shining of of Steves a-hole ...