Feeds

Post-Jobs run on overpriced Apple shares fails to occur

Markets more worried what'll happen to US gov, frankly

Intelligent flash storage arrays

The departure of Steve Jobs as boss of Apple was expected to result in a mass sell-off of the overpriced vendor's shares this morning, but the news has been overshadowed by larger events.

Pre-market trading saw Apple shares pushed down more than 5 per cent.

But early trading on Nasdaq saw the shares fall just less than 2 per cent in a market which dipped 0.56 per cent.

Anyone owning a substantial amount of the $346bn company is likely waiting for an expected announcement from the US Federal Reserve boss Ben Bernanke which might, or might not, signal another round of quantitative easing.

The markets have been rising all week on this rumour although some suggest that printing yet more money is not the answer to long-term problems.

Either way the markets are waiting to hear what the Fed boss has got to say – more evidence that supposedly free markets are now entirely dependent on national governments.

Once Bernanke's press conference is over, investors' attention will return to the sovereign debt crisis slowly enveloping Europe. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.