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 10/3/2008 9:05 PM
User is offline Sheep
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Fake News Causes Apple Stock to Slide
 
Apple denies report of Steve Jobs heart attack

Friday October 3, 11:39 am ET NEW YORK (Reuters) - An Internet report claiming that Apple Inc chief executive Steve Jobs has had a heart attack is not true, the company said on Friday.

Responding to a report in "iReport", a citizen journalist web site owned and operated by Time Warner Inc's CNN, Apple spokesman Steve Dowling told Reuters by email: "It is not true."

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The report claimed Jobs was rushed to the emergency room after suffering "a major heart attack."

Asked for further details about the status of Jobs' health, Dowling repeated: "The story is not true."

The report has since been removed from iReport. A CNN spokesman was not immediately available for comment.

Apple shares, which have in the past been shaken by the question of Jobs' health, climbed more than 5 percent in early trade but retreated as the rumor gained momentum on Internet blogs. The stock at one point was down more than 2 percent, and hit a 17-month low of $94.65.

After Apple denied the report, the shares recovered, climbing to $104.04, up 3.9 percent on Nasdaq.

The report comes about a month after Jobs, who is often perceived as irreplaceable as Apple's leader, introduced new iPod digital music players, appearing thin but jaunty. He walked on a stage in front of a screen that flashed "The reports of my death are greatly exaggerated" -- a quotation borrowed from Mark Twain.

Before that event, investors for months had been concerned about the cancer survivor's health after he appeared thin at another product launch in June. In 2004, Jobs, 53, said he had undergone successful surgery to remove a rare type of pancreatic cancer.

Volatile trading in Apple's shares on Friday may also have been influenced by Barclays Capital's report that it had slashed its price target on Apple to $135 a share from to $180 a share.

The iReport site carries a disclaimer stating: "CNN makes no guarantees about the content or the coverage on iReport.com."

Several major new organizations, including Reuters, offer readers an opportunity to submit first-person news reports and photographs via the web.

(Reporting by Franklin Paul, editing by Gerald E. McCormick)

 
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 10/3/2008 11:01 PM
User is offline Kevin J Baird
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Re: Fake News Causes Apple Stock to Slide
 
They said it's not true, but did they say what the basis of this was?  Did he have an episode that someone saw?  Did they have to use the iPhone EKG App?

Odd.

 
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 10/17/2008 10:25 PM
User is offline HotBox
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Re: Fake News Causes Apple Stock to Slide
 
For the apple stock to take a dip means that there are numerous idiots that sell off their investments willy-nilly after reading a rumor blog. I have heard of being a fickle investor,  but this is just plain retarded.  Instead of going all chicken little and selling off all of your shares of apple, wouldn't you go to a site like msn, yahoo, or cnet to see if there were any truth to the rumor that you just read.  If it were a real event you know msn would have it plastered up on their homepage 5 sec after they found out about it.

"It's amazing that the amount of news that happens in the world everyday always just exactly fits the newspaper."
 
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 10/26/2008 12:03 AM
User is offline kpilkington
386 posts
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Re: Fake News Causes Apple Stock to Slide
 
old topic i know:

i believe this story was circulated as the truth on many big sites since it got so much attention so quickly and was even on CNN. it must have been a convincing story.

he seemed to have taken it quite well though:
http://www.youtube.com/watch?v=G6uSQe9OGwU&feature=related



there was another incident around the same time where a big business magazine accidentally published an obituary for him. they keep these on file for big players in case they die and they have an updated copy of it on file

gamercard
 
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