Tuesday, September 28, 2010

Apple's COO Tim Cook Not Leaving Apple

 Yesterday the rumors were that Apple's current COO (and stand in CEO for Steve Jobs) Tim Cook has accepted the vacant CEO position at HP.  Well that claim was shot down early this morning when Gleacher & Co.’s Brian Marshall ran into Cook at a coffee shop near Apple headquarters and questioned Cook about the rumor.

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

Apple's stock took a $20 hit at opening bell because of these rumors but quickly rebounded.  Cook is in line to take over for Jobs when he retires.  Cook ran Apple when Jobs was out last year with his liver transplant.  I guess Cook is betting that Jobs retires sooner rather then later, or he would rather be 2nd in command at Apple then "the man" at HP.

By Chase Thompson
Source MacRumors 
Via Barrons Reports

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