Talk iPhone - iPhone Forum

Scrumple · 05-17-2007

If you havent already heard, technology blog Engadget.com yesterday broke news of an iPhone / Safari delay.

It turned out however that the supposedly leaked Apple email they received as a news tip was bogus and Apple promptly set the record straight - again confirming there would be no such delay for either product.

Well in the 6 or so minute timeframe from publication to retraction Apple stock tanked on massive selling, going from $107.89 to $103.42 $4 billion off of Apple ’s market capitalization.

Source: http://www.techcrunch.com/2007/05/16...-iphone-email/

It's astonishing that one blog update can cause such a ripple effect. I do find it hard to believe that this is solely down to Engadget.

I think it's far more likely this fake email was passed around internally at Apple prompting a lot of supposedly inside trading.

denton · 05-17-2007

You know i was following this story right as it broke on engadget, the fallout however was completely unexpected.

Im sure more info on the specifics of the 'leak' will come out over the coming days - expect some heads to roll if it did infact originate from the Apple servers - ouch!

AAPLman · 05-18-2007

New report from eWeek shows a statement from Apple denying that the email originated from an Apple source:

Quote:

Natalie Kerris, spokesperson for Apple, based in Cupertino, Calif., contradicted this, telling eWEEK on May 17 that the e-mail "did not come from Apple."

Kerris also denied the claims made in the false e-mail. "The iPhone is scheduled to ship in June, as planned, and Leopard is also on track to ship in October," she said. Kerris added that developers can expect to see a full-featured developer release of Leopard at this June's WWDC (Worldwide Developers Conference), which will start June 11 in San Francisco.

It seems however that an SEC investigation could still be on the cards.

Here's the link to the eweek story if anyone's interested: http://www.eweek.com/article2/0,1759,2132727,00.asp

Ireland · 05-26-2007

Stock is gone up higher since that happened, nothing worth thinking about really.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

05-17-2007	#1
Scrumple Member Join Date: Apr 2007 Posts: 75	If you havent already heard, technology blog Engadget.com yesterday broke news of an iPhone / Safari delay. It turned out however that the supposedly leaked Apple email they received as a news tip was bogus and Apple promptly set the record straight - again confirming there would be no such delay for either product. Well in the 6 or so minute timeframe from publication to retraction Apple stock tanked on massive selling, going from $107.89 to $103.42 $4 billion off of Apple ’s market capitalization. Source: http://www.techcrunch.com/2007/05/16...-iphone-email/ It's astonishing that one blog update can cause such a ripple effect. I do find it hard to believe that this is solely down to Engadget. I think it's far more likely this fake email was passed around internally at Apple prompting a lot of supposedly inside trading.

05-17-2007	#2
denton Senior Member Join Date: Apr 2007 Posts: 115	You know i was following this story right as it broke on engadget, the fallout however was completely unexpected. Im sure more info on the specifics of the 'leak' will come out over the coming days - expect some heads to roll if it did infact originate from the Apple servers - ouch!

05-26-2007	#4
Ireland Member Join Date: May 2007 Location: You already know. Posts: 38	Stock is gone up higher since that happened, nothing worth thinking about really.

Talk iPhone - iPhone Forum

Welcome to the iPhone Forums, Here you'll find the latest iPhone news, articles and discussion for the Apple iPhone. With discussion forums and helpcovering iphone unlocking, jailbreaking and all types of iPhone applications.