Feeds

Post-Jobs run on overpriced Apple shares fails to occur

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

SANS - Survey on application security programs

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. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
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?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
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

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications 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.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.