Apple recovered from early losses in Europe

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 were set to open in New York -- Apple shares had leveled off at €245, down only €5.28 (2.04%).

Perhaps the news had been priced into the stock after all.

UPDATE: Apple shares climbed to within 1.3 euros (0.05%) of Wednesday's closing price in Frankfurt before dropping again, apparently in sympathy with New York, where Apple opened Thursday at $365.01, down $11.17 (4.3%).

Posted in: Apple, Deutsche Börse, Frankfurt, NASDAQ, New York, Steve Jobs

• San Francisco's rent riot

  Prices are zooming in the Bay Area as startups hire and new techies flock to town.

  FORTUNE  -- Whether we're living through another tech bubble remains hotly contested, but there's no denying its impact on one market: rental apartments in San Francisco. With Twitter, Zynga, and numerous other local startups hiring in droves, all those newbies need somewhere to live.

  In the trendy SoMa and South Beach neighborhoods, says Paul MORE

  JP Mangalindan, Writer - Jun 27, 2011 5:00 AM ET
  Posted in: Bay Area, California, New York, rents, San Francisco, San Francisco Bay Area, startups, Twitter, United States, Zynga

• Piper Jaffray: iPad 2 totally sold out, 70% to new buyers

  By Sunday, Gene Munster's team couldn't find an Apple tablet for sale at any retail outlet

  Gene Munster's team at Piper Jaffray walked the iPad 2 lines in New York City and Minneapolis and interviewed 236 would-be buyers. They also called various retailers (Apple stores, Target, Best Buy, etc.) looking for product. The results of their survey were released Sunday night. Their findings:

  Munster is sticking with his estimate of 400,000 to MORE

  Philip Elmer-DeWitt - Mar 13, 2011 8:39 PM ET
  Posted in: Apple, Best Buy, iPad, iPad 2, iPhone, Launch day, Minneapolis, New York, Piper Jaffray, Tablets, Target

• Today in Tech: Verizon iPhone details, Android's future

  A curated selection of the weekend's most newsworthy tech stories from all over the Web.

  "The iPhone is built for speed, but that's not what you get with a CDMA phone. I'm not sure iPhone users are ready for life in the slow lane." -- AT&T PR head Larry Solomon on the upcoming Verizon iPhone

  Chances are very, very good Verizon will finally give millions of smartphone-toting Americans the one thing they've clamored MORE
  JP Mangalindan, Writer - Jan 10, 2011 6:00 AM ET
  Posted in: Android, Apple, AT&T, Code division multiple access, Dick Costolo, Google, iPhone, Mobile, New York, SoundCloud, TechCrunch, Twitter, Verizon, Verizon iPhone, Wall Street Journal, Yahoo

• Google Ideas is ramping up its New York presence

  Think/Do Tank is advertising for job candidates.

  With the purchase of its New York home behind it, Google (GOOG) now has some space to grow its new initiatives.  One of the most noteworthy of the past year was picking up former U.S. State Department and '21st Century Statecraft' specialist Jared Cohen to start Google Ideas.

  If you aren't familiar with Cohen, he's the State Department official that kept Twitter online during the MORE

  Seth Weintraub - Dec 28, 2010 3:07 PM ET
  Posted in: Google, Jared Cohen, New York

• The Age of the Entrepreneur

  The way startups raise money is changing, fast. Angels, super angels and VCs have to figure out the new rules, but that's good -- really good -- for founders themselves.

  By JS Cournoyer, contributor

  I have been reading about the changing landscape of how technology companies get their initial outside funding after friends and family have chipped in. Seed or early stage investing, as it is referred to by entrepreneurs, angels, VCs MORE

  Nov 8, 2010 4:29 PM ET
  Posted in: 500 Hats, Brad Feld, Entrepreneur, New York, Paul Graham, Paul Kedrosky, Seed money, venture capital, Y Combinator

• Yelp's COO: We want to be independent (for now)

  Despite rumored bids from Google and Yahoo and lawsuits from disgruntled small businesses, Geoff Donaker says the popular listings service is right where it wants to be -- connecting with the young and affluent.

  Over the last year, popular business listings site Yelp experienced several notable developments -- and not all of them were welcome. The company founded in 2004 by former PayPal employees Jeremy Stoppelman and Russell Simmons, now serves MORE

  JP Mangalindan, Writer - Oct 12, 2010 11:56 AM ET
  Posted in: Chief operating officer, Geoff Donaker, Google, iPhone, Jeremy Stoppelman, Mobile, New York, PayPal, Yahoo, Yelp

• New York schools go Google with Apps announcement

  Over three million K-12 students in New York State will now have access to the same collaborative suite of online apps that many businesses use.

  Google (GOOG) has now enabled schools in five different states to use Google Apps in their education departments, statewide.  New York was added to the list today.  Those three million students in New York State will be able to send and receive e-mail, share calendars and documents and MORE

  Seth Weintraub - Oct 5, 2010 2:13 PM ET
  Posted in: apps, Education, Google, New York

• Inside Apple's new New York City store

  A sneak peek at Manhattan's fourth Apple Store, set to open Saturday Nov. 14

  The Upper West Side, that bastion of liberal thinking and discretionary spending nestled between Central Park and the Hudson River on the island of Manhattan, is finally getting its own Apple Store.

  The retail outlet -- Apple's 279th and the city's fourth -- is scheduled to open Saturday morning. On Thursday, the press got an early tour of MORE

  Philip Elmer-DeWitt - Nov 12, 2009 11:04 AM ET
  Posted in: Apple, Apple Store, New York, NYC, Ron Johnson

• Lines form for the new iPhone in New York and Tokyo

  Here are two postcards from the front lines of the smartphone wars.

  The first, at right, shows three college students from Monclair, N.J. -- Matt Dodd, 18, Sam Epstein,18, and Keith Hobin, 19 -- huddled under borrowed umbrellas in front of Apple's (AAPL) flagship New York Fifth Avenue store to buy the latest in multitouch cellular technology.

  They arrived at 7 a.m. EDT, 24 hours before Apple is scheduled to begin selling MORE

  Philip Elmer-DeWitt - Jun 18, 2009 3:14 PM ET
  Posted in: Apple, Apple Store, iPhone 3G S, New York, Tokyo