The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
AAPL Takes Roller Coaster Ride on Jobs Heart Attack Rumor

AAPL Takes Roller Coaster Ride on Jobs Heart Attack Rumor

by , 11:15 AM EDT, October 3rd, 2008

Apple's stock went for a wild ride Friday morning following a rumor that CEO Steve Jobs was taken to the hospital after suffering from a heart attack. The company's stock dipped below US$100 for a short time, but began recovering after Apple representatives said that the rumor was false, according to Silicon Alley Insider.

The original report appeared on the CNN Web site, but was later removed. The information was released as a CNN iReport that said in part "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."

Apple vice president of Worldwide Communications, Katie Cotton, replied to the report by stating "It is not true."

After opening at US$106.50 Friday morning, the Mac and iPod maker's stock dropped down to $94.65. Apple's stock began its rebound after Ms. Cotton's statement, but still has not returned to the level it was at before the morning drop.

Questions have already begun surfacing about who started the rumor and whether or not it could lead to a Securities and Exchange Commission investigation. Many people are already wondering if the rumor was started as a deliberate move to drive the company's stock down, and a false report that Apple's dynamic leader had a heart attack appears to be just the thing to send the stock plummeting.


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated September 23rd

Mon,11:34 PM
Apple Posts iPhone 6 Commercials with Jimmy Fallon and Justin Timberlake
9:10 PM
Google’s Eric Schmidt Said ALEC Lying about Climate Change
8:24 PM
Chinese Site Reports Apple Planning October Release for iPad Air 2
5:40 PM
iOS 8: Hide and Unhide Images in Photos App
5:32 PM
Apple May Shut Down Beats Music Brand, but Stay in Streaming Music Market
4:19 PM
Last Chance to Register for MacBook Air Giveaway
2:44 PM
Strong iPhone 6 Sales Boost Canaccord’s AAPL Target to $115
1:35 PM
TMO Daily Observations: 2014-09-22
10:05 AM
Linex Technologies Ordered Apple’s Legal Fees in Patent Infringement Case
8:54 AM
iPhone 6, iPhone 6 Plus Launch Weekend Sales Hit 10 Million
Sun,11:42 AM
MGG 520: Wrapping Up Tech Week With iOS 8 & More
Sat,7:27 PM
Fun Rant about Those Who Claim Apple is the Copier
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!