Corporate Rumors—Apple, Yahoo, & IBM!

by Paul Wilson

 

corplogo01.JPGThe rumors are happening again. Yesterday, Slashdot reported that Apple’s stock dropped today because of a fake e-mail.The fake e-mail purported the delay of Leopard, the next version of Mac OS X. The e-mail also declared a delay for the iPhone, perhaps the most hyped gadget of all times.

The e-mail went out to thousands of Apple employees and one of the employees forwarded it on to the online magazine Engadget. Engadget published the information and Apple’s stock dropped 2.2% in mid-afternoon trading.

Does anybody else find it as strangely coincidental that this is the third false rumor that has affected a billion dollar company within a three-week span?

Someone out there is playing around.

The first false rumor was the Yahoo and Microsoft merger. This rumor drove up the price of Yahoo stock. The second false rumor affected IBM. The erroneous rumor stated that IBM was cutting out 150,000 jobs. This rumor had the odd effect—to me anyway—of causing the stock to rise. Now, we have the Apple rumor.

I’ve claimed before I’m not one for conspiracies, but three false rumors within three weeks at billion-dollar companies’ expense? I am also not one for coincidences. I just wonder whose going to be the next billion-dollar false rumor victim. Google, Dell, Hewlett Packard, Oracle, Amazon comes to the top of my mind.

This post comes from the news I write on Podango. If you would like to hear my daily Slashdot news podcasts visit www.TheLatest.At/slashdot

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