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AAPL Stock: 97.55 ( + 0.52 )

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Steve Jobs announces new medical leave from Apple

updated 09:00 am EST, Mon January 17, 2011

State of CEO's health unknown

Apple CEO Steve Jobs is taking a new medical leave of absence, an official e-mail shared by company spokespeople has revealed. "Team," the memo begins. "At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company."

"I have asked [COO] Tim Cook to be responsible for all of Apple's day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.

"I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy," the message concludes.

When Jobs might return is so far unknown, as is the reason for his departure. The leave is in fact extremely sudden, having not been foreshadowed by a gaunt appearance at public events as in the case of a 2009 leave which proved to be related to a liver transplant. Jobs has had recurring medical problems since 2004, when he was treated for pancreatic cancer.







by MacNN Staff

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Comments

  1. climacs

    Joined: Dec 1969

    +11

    oh boy

    get ready for the ride when markets open on Tuesday...

  1. climacs

    Joined: Dec 1969

    +1

    idle speculation

    so, it's (very likely) no accident this was announced just before earnings announcement on Tuesday evening.

    How long has Steve known about his new health issues?

    if you are in AAPL for the short term/speculation... do you really want to sell before seeing Q1 results?

    what a test for what investors really think about AAPL. If you still think the company is all about Jobs, you panic and sell before Q1 announcement. If you have concerns about Jobs' health being a distraction, perhaps you wait for Q1 THEN sell.

    And if you're like me and you think Apple can survive just fine without Jobs (it has already), you wait for the dip and BUY.

  1. MacScientist

    Joined: Dec 1969

    +27

    best wishes for a speedy recovery

    no message

    Comment buried. Show
  1. facebook_Clarence

    Via Facebook

    Joined: Jan 2011

    -89

    Could be good or bad

    If Steve is seriously in trouble, $34 AAPL here we come!

    Or it might just be that Steve had to go to the Apple Store to get a genius to replace his iLiver battery. He's not big on user serviceable parts.

  1. climacs

    Joined: Dec 1969

    +2

    the fact is...

    ...maybe he hasn't been all that involved already in the recent past. Look at how well concealed his liver illness was.

  1. Glasspusher

    Joined: Dec 1969

    +28

    good luck steve

    Please, s**** the stock value. Just get better pal. Having watched my dad die of pancreatic cancer (seems like a different kind than Steve has) I wouldn't wish it on my worst enemy.

  1. nat

    Joined: Dec 1969

    +39

    Facebook-a$$hole

    Really? Cancer and liver and this brings you out?
    There's times in life when one should just stay unheard. Now would be one fo them.

  1. climacs

    Joined: Dec 1969

    +6

    @nat

    yes, Microsoft fanbois are rejoicing at this news, aren't they. It's their only feeble hope that Ballmer can ever have any hope of defeating Apple.

  1. sammaffei

    Joined: Dec 1969

    +40

    Money, Money, Money

    Who cares about the stock price? Here's a guy who's vastly improved our lives via innovative tech. A visionary that has truly made the wolrd a better place. And, all people can worry about is the stock price? This guy may be dying at a very early age of 56. How callous.

  1. issa

    Joined: Dec 1969

    +25

    Repeating what MacScientist wrote

    Best wishes for a speedy recovery.

    Nobody should have to suffer such health problems.

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