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News Archive for 08/10/04

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SEC looks into false Jobs heart attack claim

10/04, 10:15am

SEC Looks at False Claim

The SEC said on Friday that it would investigate a false claim made earlier in the day that Apple chief Steve Jobs had suffered a heart attack. The hunt is prompted after the reportedly inaccurate assertion, made on CNN's iReport citizen journalism site, triggered a panic sell-off in the stock market and ultimately contributed to Apple's stock trading at a new 52-week low. Company shares ended the day at $97.07 and reached below $100 for the first time since May 2007, or just before the release of the original iPhone.

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