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.