The stock opened sharply lower, but then climbed steadily back
Source: XETRA
Traders on the Frankfurt exchange reacted swiftly Thursday to the news that Apple (AAPL) CEO Steve Jobs had submitted his resignation the day before, effectively immediately.
The stock opened 17.6 euros (6.78%) lower -- a even stronger reaction than was registered in after-hours trading on NASDAQ.
But cooler heads prevailed. By 7:45 a.m. EDT -- an hour and 45 minutes before markets MORE
Philip Elmer-DeWitt - Aug 25, 2011 7:57 AM ET
Six minutes on Jobs' legacy at Apple. A two-minute spotlight on Cook, the new CEO.
Source: CNNMoney
The video team at CNNMoney has produced two pieces to mark the changing of the guard at Apple (AAPL).
To reflect on Steve Jobs' legacy, I was invited to join a team from Fortune magazine that includes managing editor Andy Serwer, tech editor Stephanie Mehta, senior editor at large Adam Lashinsky and contributor Michael Copeland.
The MORE
Philip Elmer-DeWitt - Aug 25, 2011 6:17 AM ET
With tech visionary Steve Jobs stepping down from Apple's top post, Tim Cook will have to step into what may very well be business's biggest shoes.
By Miguel Helft, senior writer
Tim Cook, Apple's new CEO
FORTUNE -- With the resignation of Steve Jobs, Apple's ailing chief executive, his successor and collaborator of many years, Tim Cook, will be tested like never before.
Cook, who was Apple's chief operating officer, has been running MORE
Aug 25, 2011 5:00 AM ET
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"I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you." -- Steve Jobs (Apple)
* Steve Jobs officially resigned as Apple (AAPL) CEO with a short, poignant resignation letter requesting MORE
JP Mangalindan, Writer-Reporter - Aug 25, 2011 3:30 AM ET
Promised to step down if he could no longer perform his duties. "That day has come."
Photograph by Norman Seeff
Steve Jobs, who co-founded Apple (AAPL) in 1976, was ousted in 1985 and returned in 1996 to build it into the world's most valuable technology company, resigned Wednesday as CEO. He will remain as chairman of the board.
Most Apple watchers had assumed when Jobs took an open-ended medical leave in January that MORE
Philip Elmer-DeWitt - Aug 24, 2011 6:58 PM ET
HP's plan to sell or spin-off its PC decision was viewed as the undoing of Carly Fiorina's grand vision. Today, she weighed in on the decision.
FORTUNE -- The interviewer in this Bloomberg TV clip wonders whether Hewlett Packard has mismanaged its PC business, forcing the company to make the surprise announcement last week that it's shopping its Personal Systems Group. "It's not for me to say," said interviewee Carly Fiorina, MORE
Dan Mitchell, contributor - Aug 24, 2011 4:23 PM ET
Horace Dediu puts his finger on the difference between Steve Jobs and Léo Apotheker
Attacking a pathogen. Image: Henrik Jonsson via Science Daily
In a wide-ranging rumination that takes its starting point in 2001 -- when HP (HPQ) was courting Compaq and Apple (AAPL) was launching the iPod -- Horace Dediu's Critical Path podcast Tuesday touched on everything from Renaissance painting to the death of the HP TouchPad at the hands MORE
Philip Elmer-DeWitt - Aug 24, 2011 10:29 AM ET
The question of whether or not Google is actually a species of media company has dogged it since its early days. Truth is, it's missing one key characteristic.
By Ben Elowitz, contributor
FORTUNE -- Since Google's early rise, this question has consumed hordes of those watching it: Is Google a technology company or a media company? Paradoxically, Google has continuously defied the dichotomy, seeming to succeed in media precisely by maintaining that MORE
Aug 24, 2011 8:10 AM ET
The CEO of solar developer Recurrent Energy argues there are three things the president can do to unlock a new wave of job growth.
By Arno Harris
FORTUNE -- The White House announced that President Obama will address the nation on jobs after Labor Day. I have a suggestion for where the President could find part of the answer: by setting loose the 30-gigawatt (GW) buildup of U.S. solar projects bogged down MORE
Aug 24, 2011 7:52 AM ET
With a market cap north of $340 billion, the company invites incongruous comparisons
The Great Wall. Photo: Nicolas M. Perrault
There's a new parlor game being played on Tumbler called Things Apple Is Worth More Than.
The rules are simple: Take Apple's (AAPL) market cap -- $346.36 billion as of Tuesday's market close -- and find something huge that has a lower value. There are a dozen entries so far on Tumbler. MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.89% |
| Ford Motor Co | 12.28 | -0.46 | -3.61% |
| Frontier Communicati... | 4.20 | -0.27 | -6.04% |
| Juniper Networks Inc... | 21.65 | -0.72 | -3.22% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.14 | -68.49 | -0.54% |
| Nasdaq | 2,813.49 | 8.21 | 0.29% |
| S&P 500 | 1,315.99 | -2.44 | -0.19% |
| Treasuries | 1.91 | -0.02 | -1.19% |
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