h/t BreakiingNews:
As a preemtive move Apple Corporation is filling Chapter 10 bankruptcy at Delaware district court while shorting its stock.
This message was found from Igor Berger on August 10As a preemtive move Apple Corporation is filling Chapter 10 bankruptcy at Delaware district court while shorting its stock.
then five days later...(Reuters) - Silicon Valley legend Steve Jobs relinquished the reins at Apple Inc to right-hand man Tim Cook on Wednesday, after 14 years in command at a company he brought back from the brink and turned into the world's largest technology corporation. Jobs, who fought and survived a rare form of pancreatic cancer and revolutionized the technology arena with the iPhone in 2007, is deemed the heart and soul of a company that started in a garage and is today neck-and-neck with Exxon Mobil in the race to become the largest U.S. corporation. Analysts do not expect Jobs' resignation -- which was more a question of when than if -- to derail Apple's fabled product-launch roadmap, including possibly a new iPhone in September a third iteration of the iPad tablet in 2012. But the company's shares still dived as much as 7 percent in after-hours trade after the industry icon, who has been on medical leave for an undisclosed condition since January 17, announced he will be replaced by COO and heir apparent Cook.
