Comments on: Engadget sends Apple stock plunging on iPhone rumor

Rumors that iPhone and Leopard were about to be delayed caused a stock market panic until Engadget retracted its post, saying it was based on a fake internal memo.

[desprod400]

No Apology Needed

Since internal e-mail is confidential and intended for the specified recipients only, Apple has nothing to apologize to the public for.

[albuminman]

Delays should not mean product failures

Even if the story is partially true, delays should not over shadow the quality of the product. Take the late charge for the delays and make up for it downstream with zero defect product output. The long run downstream benefits(revenues) the company receives will provide the company(Apple) to continue to be a front runner and long term existing entity. Therefore investors,take note and don't be so anxious, let the dust settle and then choose your route. - L8tr

[billped]

Stock *plunged*?

I am about as far away from being an Apple fanboy as possible, typing this from my PC - one of five in the house and another being built in the morning.

A 2% intraday change in a stock is hardly worthy of the word "plunge". IBM, Dell, and Cisco all had intraday changes today between 1.5% and 2% - some up, some down. Yes, the change was immediate, but all it takes is one big investor to cut out to make that type of change happen.

Based on the lead, I was expecting to see a 10+% drop. Instead, I was laughing.

[ianbnet]

Don't understand Engadget comments

There are some truly angry comments on the Engadget website, blaming them for the stock dip, for lost money... I'm sorry, but a cardinal rule of investing is investor responsibility to fact-check stories before making a buy/sell decision. A rumor/news blog is not going to get it right 100% of the time. The iPhone will come out at some point, its quality at time of release will help determine where Apple's stock will move from then.

[jasonkinnard]

Who cares?

I for one could care less about Apple because I'm not purchasing their overpriced crap anyway!