Wozniak: Apple can function 'pretty well' without Jobs
updated 10:25 pm EST, Fri March 11, 2011
Day-to-day operation is in capable hands, Woz says
Apple co-founder Steve Wozniak told the press in Singapore that Apple can continue without the day-to-day presence of CEO Steve Jobs, Bloomberg is reporting. Wozniak also described Jobs' latest medical leave of absence only a "partial" leave, since Jobs is still involved in major strategic decisions and has even issued press releases and hosted the introduction of the iPad 2 while on medical leave.
Wozniak, who said he last spoke with Jobs in January, said his former partner sounded good and that he's talked with people who are around Jobs regularly and feel he is doing well. Wozniak said that even if Jobs were to completely separate himself from the company for a period of time, the company would continue to be successful.
His remarks seemed to needle the press a bit for engaging in unsupported speculation, but suggested that "we" (meaning the public and the media themselves) have already examined the question of how Apple would function without Jobs and concluded the current executive team would run the company "pretty well."
Wozniak was in Singapore for a private speaking engagement. [via Bloomberg]
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Apple might function but the share price won't
Apple's share price will probably drop like a stone once Steve Jobs steps down. It's not working to well right now and it's further away from its target prices than it ever was. Apple shareholders will be lucky to see $400 no matter how many iPads and iPhones are sold. Nobody is buying this damn stock because apparently it's too darn high.