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"The current situation was obviously provoked primarily by external factors," he insisted during the news conference, citing the sinking price of crude.
Facebook scored a huge war chest from its high-priced IPO, but many feared that the sinking price would crush morale, send veteran employees packing and make it difficult to hire new rock stars.
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Revenues from its traditional fixed-line telephone business declined almost 13percentt as a result of new competition and sinking prices.
Their plan was to take advantage of sinking prices even as they kept their house for a few years, hoping to acclimate to their more compact quarters while the market had time to rebound.
Last fall, they bid just under $1 million on a two-bedroom condo on West 93rd Street but, to their surprise in a time of sinking prices, another buyer bid more than $1.2 million.
DirecTV confirms that is in talks with several companies, but its sinking stock price could make it difficult for Hughes to fetch the reported $45 billion asking price.
With a sinking stock price and no one else bidding for Yahoo, what was your rationale?
Apple's maneuver, however, also reflects the unusual challenges of a fabulously successful company with a sinking stock price.
Henry McKinnell's departure from Pfizer this July was the result of his arrogant and aloof response to shareholders' concern over the firm's sinking share price.
But the maneuver "also reflects the unusual challenges of a fabulously successful company with a sinking stock price," DealBook's Peter Lattman and Peter Eavis write.
In this case, it means arguing that BP's sinking share price makes it a bargain.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com