Feeds

Apple's Cook not jumping to HP

COO says he's in love

Secure remote control for conventional and virtual desktops

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.