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NY Post raises pre-financials Steve Jobs health scare

Mon, 07/21/2008 - 05:59 — Jonny Evans
49

The New York Post has set out more concern this morning at the health of Apple CEO Steve Jobs.  Market manipulation?  You be the judge.  Apple's stock is significantly down on the news.

Apple will reveal its quarterly results during a conference call this afternoon at 2pm (PDT), but, according to the report, people meeting him in recent weeks appear concerned at his "thin appearance". "Apple's hedge fund investors are very worried," a Wall Street source who has spoken with some of the company's stakeholders told the newspaper.

Concerns at the health of the Apple co-founder emerged last month after a thinner-looking Jobs took to the stage at WWDC to introduce the iPhone 3G. Responding to these concerns, Apple later said Jobs had been suffering from a "common bug", from which he was expected to make a full recovery, blaming his weight loss on the antibiotics he had to take.

 

Reports from the Disney side of Jobs' life also fret at health worries, the report explained: "Another source close to Disney, who spoke with executives after the board meeting, said they were remarking on his weight loss," the report explains.

Behind all the concern lies Jobs' bout with cancer in 2003, when he was apparently cured by the removal of a pancreatic tumour.

Concerns at the health of Apple's visionary co-founder are exacerbated by the company's seeming lack of a successor in wating. These worries are bound to mute Wall Street's response to what should be a blow-out quarter for the company, which recently rose to become the third-biggest computer seller in the US, surpassing Acer for the first time. Apple is expected to deliver a profit of $1.08 per share on revenue of $7.36 billion, according to First Call.

 

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Comments

FUD

Mon, 07/21/2008 - 06:53 — 9to5Mac Noob (not verified)
75

Since the SEC has decided to enforce the law that prohibit naked short selling only among certain financial stocks, AAPL has become the target of the Hedge funds who rake in the big bucks by shorting companies. The NYPost story (and since when is any NYPost story credible?) was picked up in Bangladesh (which we all know is the financial center of the world) and from them by CNBC (The Entertainment Tonight of financial "news"). Since today is Apple's earnings report, there is a lot of money to be made by "sources". Basically this sotry is exactly the same one that was raised after the 3G iPhone rollout at WWDC. It was false then and is no less false today.

Where is he?

Mon, 07/21/2008 - 14:57 — 9to5Mac Noob (not verified)
46

Here's what I don't understand....There must be some Steve Jobs "sightings" since June. Is he hidden away like Dick Cheney after 9/11? Doesn't he go to the office? Go out to eat? Emerge from his cave in the light of day? People must see him and how he looks, you would think. Why doesn't anyone comment on this? Where's a blog, or article, that says "Saw Steve yesterday and he looks much better."? Someone with a camera staking out his usual haunts? Why not?

Viva Jobs!

Mon, 07/21/2008 - 06:53 — 9to5Mac Toob (not verified)
74

Viva Jobs!

My e-mail to the Post writer and his editor

Mon, 07/21/2008 - 10:04 — 9to5Mac Noob (not verified)
64

So Brian, how does it feel to be a shill for the shorts instead of a journalist?

You are reporting a month-old story the day of an earnings announcement. Planted much? It reminds me of that shining journalistic moment in January 2007 when Doug Kass (noted short) went on TheStreet.com on the eve of the iPhone's introduction and said Jobs had terminal cancer and his death was imminent.

That, apparently, is what the Post has sunk to.

"Apple has no succession plan in place"... Really? You know this how? Do you really think that they weren't forced to address this issue after Jobs was sick before? Do you really believe that the company's biggest investors and BOD didn't deal with it at all? Get real! Jobs has even addressed the issue in the press, stating that he "could get hit by a bus tomorrow" and that the company has a succession plan fully in place. Look it up!

I can't tell if this is just horribly irresponsible reporting by you, your editors, and the Post, or whether there is a deeper ulterior motive here (financial, Jobs' politics, etc), but regardless, it is reckless and inaccurate.

If the New York Post has decided to become a puppet for short funds, then the only thing this does inform me of is that someone is very afraid of being on the wrong side of this trade.

Also in Italy we think the same: fu**in'speculators

Mon, 07/21/2008 - 12:11 — savanaking (not verified)
95

What do you think? Allaround the planet people knows tha the problem is not the magic Jobs health but the lower price you want buy the stocks before the financial results...do you really think that we are so stupid?!?!| Oh boy yours is a loosing game, probably not money for you today but for shure your site in the future. stay hungry, stay foolish ...stay alone

Steve Jobs health scare

Mon, 07/21/2008 - 13:57 — macshill (chris mccaw) (not verified)
44

Maybe he's been drinking the Kool-Aid he's been selling for a couple of decades now (?). :-/

Steve's Health

Mon, 07/21/2008 - 15:26 — 9to5Mac Noob (not verified)
103

I wrote the Post reporter in question. And while I didn't out and out accuse him of touting for the shorts, I sure as hell intimated it.

Joe Jackson
Cairo, IL