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Good. If true, he or she deserves jail time.

Wait, the SEC is actually DOING something??

*looks out window for flying pigs*

Oct 03, 08 - 06:22 pm Comment from: Botvinnik

I don't think the person who reported that should be in jail, I think CNN should be penalized/fined for allowing crap "citizen" journalism on their website. Their own "professional" reporters are bad enough.

"*looks out window for flying pigs*"

Ballmer at 30,000 feet? That's one scary ass hot air balloon.

To Botvinnik:

Deliberately spreading false information to profit from shorting a stock is illegal.

To Botvinnik:

"Their own "professional" reporters are bad enough." Same can be said for FOXNews.

Let's hope whoever did it wasn't smart enough to use a proxy or six.

Oct 03, 08 - 06:39 pm Comment from: Botvinnik

To wtf:
CNN is responsible for the content of their website, CNN is who is liable for the "spreading of false information to profit from shorting a stock."

Oct 03, 08 - 06:41 pm Comment from: Botvinnik

To Modbus:
CNN is responsible for the content of their website, CNN is who is liable for the "spreading of false information to profit from shorting a stock."

on the no short list!!!!

or

I will buy AAPL puts!!!!!!

Botvinnik:

So, if I shoot you and brag about it online the website is liable but I'm not? Interesting logic.

P.S. I'm not saying CNN shouldn't be held responsible as well.

Expect a few REAL heart attacks to result from this!

MW: likely. Hmmm....

Oct 03, 08 - 06:56 pm Comment from: ericdano

This is the problem with the Web, unconfirmed reports can quickly be perceived as the truth. Take the Huffington post for example, they publish a lot of false or misleading stuff, but few fact check it.

Oct 03, 08 - 06:56 pm Comment from: Botvinnik

If you knew even rudimentary journalism, Modbus, you'd realize that the publisher of a newspaper, broadcast news, news site is responsible for what content its medium contains. CNN is responsible for allowing unsubstantiated, unverified reports on their site as "news." One can't get much more logical than that, you maroon.

Oct 03, 08 - 07:01 pm Comment from: HMCIV

Hey iReport.com,

I just heard from a credible source that someone's put a hit out on Steve Jobs

QUICK, short the stock!

Botvinnik:

Lighten up. I agree with you. But consider the law. CNN is an accomplice (the medium, the vehicle) and not the instigator (the creator, the person that started this).

Can someone else explain this more clearly to Botvinnik?

CNN certainly could be held accountable for abetting the crime.

Any news wire needs to confirm the basics before running a story, no matter how much they want to "scoop" a breaking event.

Oct 03, 08 - 07:06 pm Comment from: Ampar

"If you knew even rudimentary journalism, Modbus"

That's more funny than you know.

Oct 03, 08 - 07:15 pm Comment from: Ampar

But not the funnest.

Oct 03, 08 - 07:16 pm Comment from: Ampar

Botvinnik?

Oct 03, 08 - 07:21 pm Comment from: amyhre

That's one thing that I've always been somewhat skeptical about.

I realize that there are two edges to the sword of anonymity. There's the side that protects the source from retaliation from the company/organization/etc if he/she is a whistleblower or leaking things they probably shouldn't be talking about to the press.

The other side of the sword also protects them from responsibility and, in a way, credibility. They can sit back and watch the effects of their comments, and just because they're calling from a certain location, they're granted false credibility. It's false credibility because if what they say could help their career, they're anonymous, and if it isn't, they're still anonymous and haven't provided their name so backlash from the public can't be directed at him, nor can any accountability be demanded. It's harder to check facts and see if that person is in a position to know or be talking or if they're just using someone else's phone and talking out their ass. That's why anonymous sources can be so problematic.

Oct 03, 08 - 07:38 pm Comment from: Ampar

To amyhre:

Well said. I would swap sword for keyboard. Also, remember that some posters know each other.

http://search.atomz.com/search/?sp-q=obama&getit=Go&sp;-a=00062d45-sp00000000&sp;-advanced=1&sp;-p=all&sp;-w-control=1&sp;-w=alike&sp;-date-range=-1&sp;-x=any&sp;-c=100&sp;-m=1&sp;-s=0

And

http://search.atomz.com/search/?sp-q=mccain&getit=Go&sp;-a=00062d45-sp00000000&sp;-advanced=1&sp;-p=all&sp;-w-control=1&sp;-w=alike&sp;-date-range=-1&sp;-x=any&sp;-c=100&sp;-m=1&sp;-s=0

Oct 03, 08 - 08:46 pm Comment from: Demon

Looks like some short selling hedge fund is going to jail!!!

Oct 03, 08 - 08:47 pm Comment from: feral

ampar
you go feral?
welcome back.

Oct 03, 08 - 08:57 pm Comment from: loopy_nj

I bet it was Steve Balmer who did it! Ha ha

Oct 03, 08 - 08:58 pm Comment from: loopy_nj

Make that Steve Ballmer

CNN probably knows whom posted it, and Apple should sue whom ever is involved.

what does Fox News have to do with this????

You have to be a left loonie to understand

Oct 03, 08 - 11:56 pm Comment from: ichi

@Botvinnik

what you have to do is substantiate that libel (defamation: http://en.wikipedia.org/wiki/Libel#Defamation_and_freedom_of_speech) allegation, i.e, show the damage and that it is because of their [false] publication.

now as for the guy who posted it: i'm sure the SEC is looking for exactly that, but more directly, e.g., did HE profit.

Oct 04, 08 - 12:08 am Comment from: ichi

@amyhre

not well said. first, can you define "whistleblower"? under the law, yes you can. start there.

next, being liar is no defense when you sued for defamation... now use the law [i.e., defamation].

basically, if you hurt me or my property by your false statements against me, you should be sued. so-called web-anonymity may hide you temporarily, but your still a criminal.

i may have missed the point... are you all saying CNN DOES NOT who this source is? news media (journalist/source) does not protect liars, users, and manipulators.

if CNN let's ppl publish completely anonymously, they're crazy... i can't believe they do that WITHOUT substantiation.

Oct 04, 08 - 12:36 am Comment from: Jim - TIV

ichi.. "i can't believe they do that WITHOUT substantiation."

they went to the CBS/Dan Rather school of journalism... ;-p

Oct 04, 08 - 01:39 am Comment from: Connor MacBook

Often these reports have to start somewhere. Hope there isn't a grain of truth in it ...

Actually, more I think about it, Apple would do well under the Right Wing leadership. It would gain a lot of support (domestic mostly maybe), with no regards towards the mainstream media bias. If your blog posts flatter us then great - you're just being a patriot, if not you're a liberal commie. Apple is a fiercely American success story. Apple focus is mostly America first and let the world adapt as they will (i.e. iPhone not rushing to cater to particular Japanese requirements as so many Japanophiles/apologetics were dreaming that any cell phones from across the Pacific is better). Apple designs are in-house in America (yes move the designing Brit here) unlike say Microsoft and India, Canada etc. (did you know that M$ pushed for special tax breaks for all Indian workers working in the US and succeeded?) Seriously Apple, what has Al Gore has ever done for you? Produce a docu on Keynote to bring aboard Greenepeace on Apple's case?
http://www.greenpeace.org/apple/

Eh, I am being an idiot again and not making any sense. Oh well..

Funny how everybody is going on how atrocious it is to spread false news for whatever reason.

Somebody should put their money where their mouth is and go after the yahoos who spread false news about Iraq having weapons of mass destruction. I am sure the Hague will give them a fair trial.

Oct 04, 08 - 02:45 am Comment from: studentrights

@adashofflair

Apple is a perfect example of a liberal success story; a company that continually bucks the status quo. Nothing conservative about Apple other that their future quarterly report estimates.

@studentrights
In 1.5 sentences (I don't agree with the first half of your first sentence) you have utterly destroyed all my card-house points. Very succinct and insightful of you. On my humble defense, I may had my tongue in my cheek there somewhere, for just a tad. However, I'm no ZuneTang nor Googl McCloud (was it)?

:o )

Oct 04, 08 - 07:11 am Comment from: Petey

That guy should be sacked and fully investigated.

If he has deliberately published this false health scare to push down Apple's stock price so he can buy up some then he should goto prison.

No compromise on this sort of libelous and false reporting.

Journalism is truly dead in this country. Just look at the left wing crap that's spewed by NBC, MSNBC, CNN, ABC and CBS. You can't trust that they'll tell you the truth anymore.

CNN ought to be held accountable for allowing that unsubstantiated story to be published. Maybe if we held these groups accountable we might get fair and balanced reporting.

On second thought, don't bother, just watch FOX!

"Somebody should put their money where their mouth is and go after the yahoos who spread false news about Iraq having weapons of mass destruction."

Dick Cheney and Karl Rove have powerful attorneys to keep them from being O.J.'s butt lover. Bush is just the retarded assistant. He makes Spiro Agnew look like a saint.

"You guys did what?" heh heh heh heh

CNN is NOT a news reporting service or network. CNN is a market persuader like ALL of the "news" networks are. Just look at their liberal support for one of the candidates (and their track record of "reporting" over the past 10 years).

CNN, like MSNBC, CBS, ABC, or any other acronym lately, are SH_T. They are not trustworthy, nor do they report news. They try to change and affect public opinion so the sheeple (people) can stay asleep.

Oct 04, 08 - 08:12 am Comment from: onionhead

sounds like ballmer's making crank calls again...

Oct 04, 08 - 10:01 am Comment from: ABQ Peter

the balloon fiesta started today here in albuquerque - i didn't see any ballmer flying pig balloons though

Well said Modbus, and I am sure that Hitler and crew also had some very powerful lawyers as well, and probably Richard Nixon no doubt. Then there was that King George.

Tell ya what though, there should be a few good yanks left with some balls that can get Bush to the Hague, unless of course you want to go the Kissinger route.

@Road Warrior (NLI)

Well said. And because of your invoking of Hitler in an otherwise unrelated (up till now) topic on a public forum (reductio ad Hitlerum), we can now invoke Godwin's Law and put all this to rest. All thanks to you.

http://en.wikipedia.org/wiki/Godwin's_law

MDN MW: woman - your guess is as good as mine.

Oct 04, 08 - 10:54 am Comment from: Ampar

Thanks, feral.

Oct 04, 08 - 11:17 am Comment from: Macromancer

"The stock swing caused by today's erroneous report drew renewed calls for Apple, which has said only that Jobs's health is a 'private matter,' to be more forthcoming,""

So because of some moron (who I'd love to choke the crap out of) posting a fake story about Steve dying is now the reason for "renewed calls" to be more forthcoming? That's pure idiocy.

If Steve HAD gone to the hospital, visited for a short time, and then been released without giving any details of his stay then MAYBE there should be renewed calls for more transparency, BUT NOTHING FRIGGIN HAPPENED.

This discussion, while fun, misses the real cause of AAPL collapse.

The country is entering a recession - maybe a bad one. Investors are not interested in a company that makes expensive products with short shelf lifes that are found next to multiple competing devices at much lower prices. (Been in an AT&T;store lately? You have to work your way through dozens of free, or almost free, fully featured phones on your way to the iPhone kiosk.)

I know, nothing is as good as iPod and iPhone but people hoarding their money in a bad economy will settle for something less than the best - especially when it actually works as good as the best.

From here on, Apple's strategy needs to focus almost entirely on making Macintosh computers and the Mac OS better and better. Only then will investors have a reason to buy AAPL - that is assuming they want to buy low and sell high and not the other way around.

I'm into a huge pile of AAPL at an average price below $20 but have shelved my retirement plans that looked really good at $200.

From now on AAPL will be a long term play and the only hope of MDN being able to write their (and mine) favorite headline - "AAPL sets new record, again" - is for the company to focus on serious products for serious adults - especially the corporate kind.

That guy that wades through the dozens of free cell phones before he gets to the iPhone kiosk needs to rethink it. You walk through best buy past dozens of free or almost free pcs too before you end up at the Apple kiosk. Same goes for beer at the store, you walk past the kool aid packets and spring water to get to the cooler with the good stuff. This recession crap has been priced into the stock over the last few months. The stock price today is pricing in a complete global economic melt down which has a slim chance in happening. If we get a break on monday there will be a short squeeze that will make things optimistic again. This recession shit has been slowly pricing into the equity for the last 70 AAPL points down. Serious heavy trading in AAPL late friday. Huge buy blocks in there - someone wants to protect it from a free fall - goldman maybe.

I am sure that Hitler and crew also had some very powerful lawyers as well

Hitler and crew had the SS and Gestapo goon squads.
When you're evil enough, you don't need no stinkin' lawsuits.

As for the report, CNN is becoming the "Credibility Not kNown" network.
They will become a tabloid if they don't improve their verification.