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Fri, Jan 09, 2009 - 08:59 AM EST  —  AAPL: 92.70 (+1.69, +1.86%)  |  NASDAQ: 1617.01 (+17.95, +1.12%)

The New York Post dredges up ‘concern’ over Steve Jobs’ health on day of earnings report
Monday, July 21, 2008 - 09:53 AM EST

"Industry concerns about Steve Jobs' health have not gone away more than a month after the Apple CEO appeared dramatically thinner at the firm's annual developers' conference, fighting what insiders at the time were calling a 'bug,'" Brian Garrity and Peter Lauria report for The New York Post.

"Apple is due to report earnings today, but many investors and analysts remain as interested in news of the condition of the tech titan - who is a survivor of pancreatic cancer - as they are in the numbers themselves.
'Apple's hedge fund investors are very worried,' said a Wall Street source who has spoken with some of the company's stakeholders," Garrity and Lauria report.

MacDailyNews Take: We imagine there was more from the same "Wall Street source." Such as, "Also, I have a vested interest in seeing Apple's stock price move down at this time."

Garrity and Lauria continue, "After the conference in June, Apple reps blamed Jobs' weight loss on an unspecified illness that required treatment with antibiotics. Since then, there's been no update on his health, and company officials now are not commenting on it despite repeated requests. Multiple sources who have met with - and in some cases even dined with - Jobs in the weeks surrounding the introduction of the iPhone 3G on July 11, said they came away troubled by his thin appearance."

Garrity and Lauria report, "One investor polled by The Post acknowledged to recently selling down his stake by 'a few million shares' as a hedge in case any more bad news comes out about Jobs' health."

MacDailyNews Take: Are you getting the message, yet?! Garrity and Lauria certainly know their audience. They need to hit their "readership" with it over the head repeatedly in the vain hope that something sticks. In other words: If you're reading The New York Post "Business" section for actual "business" news, stay as far away from investing in individual stocks as possible.

Garrity and Lauria report, "Part of the reason for the concern over Jobs' health - aside from genuine sympathy - is that Apple has no succession plan in place."

MacDailyNews Take: Half truth. Make that "Apple has no publicly-announced succession plan in place," and you have the whole truth.

The full hit piece, timed perfectly to today's earnings announcement, Think Before You Click™, here.

MacDailyNews Take: You-know-who would be proud, if he's not the Post's "Wall Street source" himself.

[Thanks to MacDailyNews Reader "JES42" for the heads up.]


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Reader Feedback: ( = registered)

Jul 21, 08 - 08:59 am Comment from: naked short selling AAPL

still legal

go boys I need a new plane!!

Jul 21, 08 - 09:00 am Comment from: NY Post is...

the finest bench blanket in NYC.

Jul 21, 08 - 09:02 am Comment from: Islandgirl

MacDailyNews Take: You-know-who would be proud, if he's not the Post's "Wall Street source" himself.

Karl Rove?

Jul 21, 08 - 09:04 am Comment from: Broker

Islandgirl,

Jim Cramer.

Jul 21, 08 - 09:06 am Comment from: HMCIV

I TOLD YOU! I TOLD YOU!! Steve Jobs is DYING and our only hope is to panic!

EVERYONE BURRY YOUR HEAD IN THE SAND!! SELL THE COMPANY TO DELL AND RETURN THE $$$ TO SHAREHOLDERS WHILE THERE'S S-T-I-L-L T-I-M-E!!!


(ooh hey look first post) cool smile

Jul 21, 08 - 09:10 am Comment from: ron

(ooh hey look first post)

You know where to put the post.

Jul 21, 08 - 09:10 am Comment from: pastrychef

I can't believe idiots would sell off shares based on a story from the New York Post!

Jul 21, 08 - 09:12 am Comment from: Securities Exchange Act of 1934

"naked short selling AAPL still legal"

The other half of the truth:
"The SEC states that "Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules," and clarifies that in some circumstances, it can contribute to market liquidity. However, naked shorting to drive down share prices violates US law."

(http://en.wikipedia.org/wiki/Naked_short_selling)

"D. Are short sales legal?

Although the vast majority of short sales are legal, abusive short sale practices are illegal. For example, it is prohibited for any person to engage in a series of transactions in order to create actual or apparent active trading in a security or to depress the price of a security for the purpose of inducing the purchase or sale of the security by others. Thus, short sales effected to manipulate the price of a stock are prohibited."

(http://www.sec.gov/spotlight/keyregshoissues.htm)

Jul 21, 08 - 09:14 am Comment from: Demon

I was in a meeting at Apple just a few weeks ago, Steve came in conference room and said Hello to us. He looked fine, he was full of energy and in a great mood. Steve has always been thin so, I'm not sure what all the concern is over. I'd bet on Steve out living Monkey Boy by many many years.

Jul 21, 08 - 09:17 am Comment from: farmertomato

Is anybody here old enough to remember the days when the New York Post was a real newspaper? It's true, it was. But that was before it became the NY version of Weekly World News. You believe anything in there and you'll soon be wrapping your head in aluminum foil.

Jul 21, 08 - 09:19 am Comment from: Moo

@ ron,

I might not know where to put the post, but after this weekend, I learned how to make a pencil disappear!

(I'm almost afraid to push "Submit")

grin

Jul 21, 08 - 09:20 am Comment from: M.X.N.T.4.1

Brilliant. Tabloid journalism has come to the business world. What's the betting we'll be seeing upskirt shots of female executives within a year?

Jul 21, 08 - 09:46 am Comment from: HMCIV

@Moo the pencil pusher

I'd wouldn't be Posting about all your past submissions if I were you.

Jul 21, 08 - 10:05 am Comment from: History Lesson

"Is anybody here old enough to remember the days when the New York Post was a real newspaper?"

It was NEVER a real newspaper.

The New York Post was founded as a propaganda rag by the traitor, Alexander Hamilton. Its original purpose was to slander Thomas Jefferson and the other patriots who stood against the unconstitutional expansion of federal power that Hamilton schemed and lied to achieve.

Since its founding, the NYP has ALWAYS worked against the people of the United States. To hell with them.

Jul 21, 08 - 10:05 am Comment from: ōokxfpfopokxpo

I was having dinner with Steve last month. He looked weak and tired, he was confused and grumpy. Steve has always been losing weight since his diagnosis of cancer. My oncologist colleague suggested that Job's prognosis was probably not positive. I'd hope that Steve will survive 2008.

Fer reals.

Jul 21, 08 - 10:18 am Comment from: FUDsucker Proxy

I lost one hundred pounds, nobody tells me I am too thin or sickly.

MW = straight, as in "you got that straight!" (str8) smile

Jul 21, 08 - 10:19 am Comment from: Islandgirl

@Broker

Thanks. It was a joke/sarcasm.
Next time I'll attach that label. wink

Jul 21, 08 - 10:25 am Comment from: nbnalnfl

FUDpucker Sorxy,

Depends, were you a morbidly obese mound of shaking and shimmying fat tissue or were you a person with a BMI of 20?

Jul 21, 08 - 10:47 am Comment from: Gabriel

It's all a numbers game, folks. Why anybody puts any weight on the stock market nowadays is beyond me.

Jul 21, 08 - 10:58 am Comment from: @ōokxfpfopokxpo

Thank you for your insensitive pack of lies. You've been hanging around here of late baiting us into a phlegm war. There's just one small problem: you won't succeed. A suggestion: if you are going to try to be a troll, please try to apply some deeper thought and originality. At least make it interesting. Otherwise, picking on you would be no fun.

Behind my house is a stand of woods. I see all kinds of wildlife, from deer to coyotes, to mountain lions, hawks, owls and other animals. I've been fascinated by what happened to a hawk when it tried to disrupt the woods. At first, it terrorized smaller animals. Then before long, the crows appeared. The hawk might have been vicious, but the large number of crows eventually forced it off, and the hawk flew away.

The same thing will eventually happen to you.

Have a nice day.

Jul 21, 08 - 11:08 am Comment from: bnm;mc;mk

Someone a little cranky today?

Jul 21, 08 - 11:14 am Comment from: @ Demon

You name dropper, you.

Jul 21, 08 - 11:20 am Comment from: smx;lmlx,xlm,

Eat crow, fanboi.

Jul 21, 08 - 11:24 am Comment from: John

Steve Jobs should personally tell the analists today at the earnings report the state of his health and end this crap reporting once and for all!

Jul 21, 08 - 11:25 am Comment from: sbjnzcjnbkznc

The more you fanbois "ignore" me with your numerous pathetic posts, the more I realize what an incredibly stupid and delusional lot you are.

Who better to demonstrate the nonsense and idiocy of fanbois that fanbois themselves.

Thank you!

Jul 21, 08 - 11:28 am Comment from: Tommyr

The NY post is a piece of shit rag. Period. It's hardly a newspaper.

Jul 21, 08 - 11:33 am Comment from: HMCIV

@History Lesson

Stop it. We all know you're really Aaron Burr masquerading as some unbiased history buff. Just because Hamilton tricked you into shooting him doesn't mean you have to saint Thomas Jefferson.

wink

Jul 21, 08 - 11:34 am Comment from: auramac

I don't respect people who count and focus on money, stock prices, etc. for a living- just like I have a problem with lawyers and politicians. It is despicable that there are those who use the status of a man's health merely to play their money game. Legitimate concerns, yes... But for people to come out and bring up the subject of Jobs' health, or proclaim that Obama would be bad for the economy, are taking us for a ride and obviously also have another agenda.

Jul 21, 08 - 11:39 am Comment from: Mister Mxyzptlk

Please ignore the troll. Most of us know who it is and why he should always be ignored.

Jul 21, 08 - 11:40 am Comment from: wmd

Hello, Mr. Editor, I'm with the SEC and you're under investigation for stock price manipulation.

Jul 21, 08 - 11:42 am Comment from: zlcblxcnlknmlk

Pick-a-rumor:

Maybe it's not Steve's health that the issue, but the quality of his care and competency of his physicians.

Could be, too, that despite his physicians' sage advice Steve has chosen the macrobiotic diet and mantra yammering as a cure of his own cancer. If so, Steve has lost his mind, and when that happens, all else is lost.

Or, Jobs, by sheer maniacal determination, lives to see his iPhone capture 1% of the market. How ironic, by driving himself to an early death his fanbois can call each other on their iPhones to commiserate upon the untimely demise of Apple's CEO.

Jul 21, 08 - 12:05 pm Comment from: YoYo

I hope Steve will not end one of his presentations with: "One more thing.......I will die within 2 weeks".

Jul 21, 08 - 12:40 pm Comment from: Riddler

I've been through the Mac site, to see a troll with no name
It felt good, to be part of his pain
In the Mac site, you should make up a name
cause there ain't no way you can hide from disdain



[With apologies to Neil]

Jul 21, 08 - 12:57 pm Comment from: MCCFR

Owned and managed by the same people who own Fox News channel!

Says it all really.

Jul 21, 08 - 01:13 pm Comment from: Jimbo

@alphabet soup

So let me get this straight. You come to an Apple fan site and what do you find... Apple fans. Wow. You are astute. How's that job at Homeland security working out. With your penchant for uncovering mystery, you might be able to go to Pakistan and ... dare I say ... find some terrorists.

Keep up the fair work, Murray.

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