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Apple's COO Tim Cook to Leave Apple for HP? [Cook Denies]

Business Insider relays a rumor that Apple COO Tim Cook could be leaving Apple for the CEO spot at HP. Business Insider tracked the source of the rumor as investor gossip site Fly on the Wall.

The rumor seems to have emanated from Fly On The Wall, a site that serves up gossip to the investing community.

Therefore, we aren't buying this one just yet.

The rumor has affected Apple's stock price causing a $20 drop at the opening of the market today. Tim Cook has been considered one of the possible successors to Steve Jobs for the CEO position at Apple.

Cook took over duties CEO duties from Steve Jobs in early 2009 during Jobs' liver transplant and subsequent recovery.

Update: Barrons reports that Gleacher & Co.s Brian Marshall actually spoke to Tim Cook this morning and Cook denies the rumor:

Tim Cook will not be going to HP, he loves Apple, Marshall tells me Cook told him.

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22 months ago
Crazy if true. Who else could replace Jobs?
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22 months ago

Crazy if true. Who else could replace Jobs?


maybe the succession plan calls for someone else, and that's why cook wants to leave. who knows, all speculation for now...
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22 months ago

Crazy if true. Who else could replace Jobs?


Tim might not wait another 5 yrs before Steve decide really to step down..

I take this as a good news for Steve's health. :D
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22 months ago
Rumors by people shorting Apple stock.
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22 months ago
Phil Schiller!
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22 months ago

Rumors by people shorting Apple stock.

This.

Phil Schiller!

Not this.
Rating: 0 Positives / 0 Negatives
22 months ago
There was never a $20 drop. Lowest it went today morning was $282 which was $10 lower than previous day and then quickly rose to $286.

The drop is primarily due to data expected from European banks which is impacting the whole market. This rumor might be a factor too but is in now way as big as it is being made out to be
Rating: 0 Positives / 0 Negatives
22 months ago
That could be an important move, someone who really gets how apple work from the inside could be very good at making some competitive products that actually compete with the experience rather than trying to match or beat specs like they often do now.
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22 months ago

There was never a $20 drop. Lowest it went today morning was $282 which was $10 lower than previous day and then quickly rose to $286.

The drop is primarily due to data expected from European banks which is impacting the whole market. This rumor might be a factor too but is in now way as big as it is being made out to be


My broker reports the low was $275 at open, but it rose sharply back to 286 immediately afterward.
Rating: 0 Positives / 0 Negatives
22 months ago
Time from my neck of the woods and is an auburn university graduate like myself. He's an avid auburn football follower with a suite at our stadium. Would hate to see him leave apple
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