Nortel Networks is slipping closer to the abyss each day. Earlier this week it was reported that the long-suffering telecommunications equipment maker is seeking advice from Lazard Ltd. and law firm Cleary Gottlieb Steen & Hamilton about bankruptcy proceedings. Now comes news that it’s received a delisting notice from the New York Stock Exchange.
So that fraudulent “citizen journalism” report claiming Apple CEO Steve Jobs had been rushed to the hospital with severe chest pains and shortness of breath? The one that allegedly shaved about $4.8 billion off Apple’s market value after Silicon Alley Insider picked it up and published without verifying it? Securities and Exchange Commission investigators have tracked down its author and it’s not the short seller many had expected. It’s an 18-year-old with no clear motive, according to Bloomberg (ironically, the source of the Jobs obituary accidentally posted to news wires in late August).
As Steve Jobs would say: “BOOM.” Apple has eclipsed Google in market value. Apple’s current market cap: $159.37 billion. Google’s: $157.56 billion.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
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