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Steve Jobs Rumored Terminally Ill; Shares Fall

By - Source: Tom's Hardware US | B 83 comments

Rumors that Apple CEO Steve Jobs was spotted leaving a cancer clinic in Palo Alto have had a negative impact on Apple shares.

Late last month Apple announced that its CEO, Steve Jobs, would be taking a medical leave of absence so he could focus on his health. The reason for his leave was not elaborated upon, but, as usual, the announcement affected shares and sparked a debate about whether or not Apple could run without Steve Jobs. If the company couldn’t function without him, some believed shareholders had a right to know the more intimate details of his condition so they could reevaluate their options. However, as always, Apple and Jobs kept schtum about what was wrong.

Today fresh reports from Radar Online say the National Enquirer (we’ll pause while you swallow the whole salt-lick) spotted Jobs leaving the Stanford Cancer Center center in his home town of Palo Alto. The report in the National Enquirer carries with it the headline “Apple Boss 6 Weeks to Live,” while Radar Online claims it has confirmed he is receiving treatment there. Neither publication seems to have information as to whether Jobs is receiving treatment related to past illnesses (a liver transplant in 2009, or surgery to combat a rare form of pancreatic cancer seven years ago) or a new condition.

The images don’t seem to be available online (at least, not at time of writing), but despite this, Apple shares are once again hurting because of the news. Cult of Mac reports that Apple stock is currently down about three points in after-hours trading and that it’s likely to take a big hit tomorrow when the markets reopen.

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  • 0 Hide
    restatement3dofted , February 16, 2011 11:25 PM
    The National Enquirer is still at the base of all of this, which would certainly counsel against betting on the accuracy of the report, but a lot of other major news outlets are picking this one up, as well. Time will tell, I suppose.
  • 8 Hide
    plznote , February 16, 2011 11:26 PM
    Like it or not he had a huge impact on society.
    Hope he recovers.
  • 5 Hide
    waynewarrior78 , February 16, 2011 11:33 PM
    I hope this is all a rumor...get well soon Mr. Jobs.
  • Display all 83 comments.
  • 0 Hide
    liveonc , February 16, 2011 11:35 PM
    I take all the jokes back, he made some really nice stuff, & I hope it's not true, because he made some really nice stuff...
  • -1 Hide
    Netherscourge , February 16, 2011 11:38 PM
    I hope this isn't true.
  • 2 Hide
    Immoral Medic , February 16, 2011 11:38 PM
    This really sucks for Apple if you think about it. He was seen leaving a cancer clinic causes shares to fall. What will happen if he dies? Apple dies?
  • 2 Hide
    Randomacts , February 16, 2011 11:40 PM
    immoral medicThis really sucks for Apple if you think about it. He was seen leaving a cancer clinic causes shares to fall. What will happen if he dies? Apple dies?

    It will prob become another Dell.
  • 1 Hide
    Netherscourge , February 16, 2011 11:41 PM
    The problem is that Steve is SUCH a power-monger that the whole company thrives and suffers on his whim.

    There is no legit second in command. We don't even know if he has a successor. He might take Apple with him to... well... nevermind.

    Get well Steve!!!
  • 2 Hide
    nottheking , February 16, 2011 11:42 PM
    This reminds me of the spoof someone did where they circulated (faked) rumors of Jobs having a heart attack a few years... Cut Apple's stock price by something like 66%. It wouldn't surprise me if some unscrupulous investors would try something like that, circulating fake news to make a quick few million bucks by short-selling Apple's stock. Doing that would be flagrantly illegal, yes, (if caught, they'd be fighting Bernie Madoff for the top bunk) but that hasn't stopped investors before, now has it?

    My opinion is that he's probably fine. If he actually DID go to a cancer center, chances are it was something like an "early catch with 100% chance of survival," since those like him have the resources and know-how to go get themselves checked regularly. All told, it might be something like a tiny patch of skin cancer (save for Melanoma, it's never life-threatening if caught early) possibly caused due to radiation exposure from his reality distortion field.

    Jane McEntegart(we’ll pause while you swallow the whole salt-lick)

    Kudos to you for demonstrating you're aware of the potentially dubious nature here. Too many (even respectable mainstream) news sites probably are parroting it without realizing the primary source is a tabloid.
  • 1 Hide
    illo , February 16, 2011 11:43 PM
    immoral medicThis really sucks for Apple if you think about it. He was seen leaving a cancer clinic causes shares to fall. What will happen if he dies? Apple dies?

    apple pretty much went into cardiac arrest after he left in the 80's or whenever it was. it was only when he came back that he pulled apple out of the ground.

    as for the shares dropping it makes sense, without Jobs apple just sells expensive stuff.
  • 2 Hide
    zachary k , February 16, 2011 11:47 PM
    perhaps it is just a build up of doucebaggary?
    at any rate, get well soon (not well enough to run apple, but well enough to be alive)
  • -3 Hide
    dman3k , February 16, 2011 11:53 PM
    More reason why Steve Jobs should have been denied that liver transplant he supposedly "waited in line" for in Memphis, TN.
  • -2 Hide
    daniel123244 , February 17, 2011 12:10 AM
    They made the "diagnosis" that he has 6 weeks to live based on a picture of his butt lol (gizmodo)
  • 2 Hide
    dogman_1234 , February 17, 2011 12:11 AM
    Poor Steve. I hope you get better. We are all praying for you.

    God Bless.
  • 1 Hide
    TheWhiteRose000 , February 17, 2011 12:15 AM
    I'm personally a Window's fan but my prayers are with him.
    Hope you get well soon Steve.

    And don't go crapping out.
    It's not permitted.

  • 2 Hide
    jlefebre6001 , February 17, 2011 12:39 AM
    nottheking...possibly caused due to radiation exposure from his reality distortion field.

  • 0 Hide
    alidan , February 17, 2011 12:42 AM
    i hope this is fake, BUT that it isnt found to be fake for a while.

    ill invest all the money i have in apple. i wasnt able to do it last time, as i was under 18, but now i command my money.
  • 2 Hide
    Flameout , February 17, 2011 12:57 AM
    a part of me hopes he doesn't die just so i don't have to skim through all the stupid news articles about his death and other apple related bs
  • 1 Hide
    Richeemxx , February 17, 2011 1:09 AM
    maxiimIf Steve ends up being well, someone is getting sued for spreading this shit I'm sure.

    This came up a couple years ago when a kid posted a story about Jobs having a heart attack on CNN's iReport. Several sites picked up the fake post and ran with the story. Stocks fell almost 6% which caused the SEC to look into the potential of stock manipulation.

    These major fluctuations in stock prices are the reason many investors have been asking for Apple to name a successor for years. Something that popped up again when he took leave.
  • 1 Hide
    rmmil978 , February 17, 2011 1:20 AM
    And how many times a month does the National Enquirer predict "6 weeks to live for...." This is HIGHLY believable news, yup...highly.
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