Feeds

Apple shares plunge after Jobs 'heart attack'

Citizen journalism twaddle

Build a business case: developing custom apps

Apple shares fell as much as 5.4 per cent this morning after a report on CNN's "citizen journalist" web site said Steve Jobs had suffered a major heart attack.

According to Bloomberg, the computer maker/cult denied the report, and shares promptly rebounded. At last check, they sat at $104.51, up 4.4 per cent in trading on the NASDAQ exchange.

Sometime this morning, an anonymous poster unloaded the following paragraph on iReport, a CNN-owned site dedicated to citizen journalism unfounded rumor:

Steve Jobs was rushed to the ER just a few hours ago after suffering a major heart attack. I have an insider who tells me that paramedics were called after Steve claimed to be suffering from severe chest pains and shortness of breath. My source has opted to remain anonymous, but he is quite reliable. I haven't seen anything about this anywhere else yet, and as of right now, I have no further information, so I thought this would be a good place to start. If anyone else has more information, please share it.

At about 10am Eastern time, Silicon Alley Insider posted a denial from Apple. "It is not true," said Katie Cotton, Apple vp of worldwide communications. According to Silicon Alley, the iReport post remained online for another twenty minutes before being removed.

At one point this morning, Apple's share price hit a 17-month low of $94.65.

Over the past year, the company's stock has dropped 49 per cent, due at least in part to questions over the health of its cult leader. Four years ago, Jobs had surgery to treat pancreatic cancer, and when he turned up at Apple's Worldwide Developer Conference in July to unveil the 3Jesus Phone, he was noticeable thinner than usual.

Twelve days after his WWDC appearance, The New York Times reported that Jobs had "assured several people" that he was cancer free.

A month after that, Bloomberg published a 17-page Jobs obituary. But it would appear he is very much alive. Unfortunately, so is online citizen journalism.

Silicon Alley Insider Henry Blodget predicts that iReport post will lead to an SEC investigation. And he knows a thing or two about the SEC investigating alleged Wall Street fraud. In 2003, the SEC banned him from the financial industry for life. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.