Why We're More than Concerned about Steve Jobs' Future
From Wealth Daily blog, The Trader's Pit:
It seems every time Steve Jobs' health concerns take center stage, investors get a bit worried... and take the stock down.
Will it happen this time, even though Steve Jobs remains CEO? It has yet to be seen. But I'd be a buyer on any weakness. Because, just as we've seen before, any good Jobs' news is met with higher Apple shares.
Still, we're a bit concerned for the man who has become legend.
Get well, Mr. Jobs. We're pulling for you...
Here, according to Zero Hedge, is what Jobs sent employees.
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 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.
But here's why some are a bit concerned.
While PR consultants have probably advised Apple not to go into further detail about this medical leave, Jobs did say "I love Apple so much and hope to be back as soon as I can."
The last time he gave a heartfelt tone like that was the last time he went on leave, according to Business Insider.
I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.
In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.
I have asked Tim Cook to be responsible for Apple's day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.
I look forward to seeing all of you this summer.
But unlike this note of 2009 when he said, "until the end of June" and "I look forward to seeing all of you this summer", he didn't give a solid date of return in today's note. And we're all left to wonder what's happening.
To Jobs and his family... Best wishes. We hope everything works out well. We're pulling for you.0