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 July 6th

Mon,10:49 AM
Amazon Invents the New Black Friday: Prime Day
9:32 AM
How to Control Apple Music “For You” Playlists
Fri,6:36 PM
iCloud Music Library and DRM: Now with Slightly Less Disaster
9:38 AM
Apple Music - Or Some Streaming Service - Needs To Steal Discovery From Napster
8:00 AM
Happy U.S. Independence Day
1:38 AM
Apple Posts San Francisco Pride 2015 Video
Thu,8:51 PM
Mpow 3-Port Intelligent Car Charger: $13.99
8:44 PM
Apple Loses iBooks Antitrust Appeal in Split Decision
5:00 PM
Apple Earns a Black Eye for Apple Music
3:04 PM
Apple’s New Design Bosses Report to Tim Cook, not Jony Ive
2:01 PM
3 Great iPhone Cables for Travel
1:39 PM
TMO Daily Observations 2015-07-02: Coping with iCloud Music Library’s Problems
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!