Feeds

Apple's Cook not jumping to HP

COO says he's in love

Top three mobile application threats

Tuesday morning, a rumor popped up that Apple COO Tim Cook was to become HP's CEO. Apple's stock took a beating. And Tuesday afternoon, the rumor was denied.

"Tim Cook will not be going to HP, he loves Apple," a well-placed source told Barron's Tiernan Ray after talking with Cook over coffee a few miles north of One Infinite Loop.

Apple stock trading September 28, 2010

It was a wild 'n' wacky day for AAPL

Perhaps in response to the rumor, perhaps prompted by sell-off algorithms in computer-trading software, or perhaps simply as a result of the skittishness in the US economy in general, Apple's stock took two sharp drops in the day's trading — a haymaker as soon as the market opened, and a jab around 12:30.

"Rumors, games, or what?" Seeking Alpha contributor Karl Denninger blogged, adding: "Folks, this sort of crap is totally out of hand."

Over on The New York Observer: Wall Street, Mike Taylor reports that Apple is not alone in its bizarre stock behavior, noting that RIM, IBM, Dell, GE, Oracle, Microsoft, and HP also suffered "weird spikes."

Taylor summed up the recent market freakishness by saying "Even to seasoned market observers, sudden price moves in stocks don't always have explanations that are immediately obvious. Careful out there!"

The Reg concurs.

And as for Cook? As is the case with every rumor that crashes through this volatile industry, only the principals know the truth. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.