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Steve Jobs taking leave of absence due to health concerns

Discussion in 'BBS Hangout' started by Dr of Dunk, Jan 14, 2009.

  1. Dr of Dunk

    Dr of Dunk Clutch Crew

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    For health reasons. They're saying until June maybe. This was on CNBC.
     
  2. Fatty FatBastard

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  3. sw4real

    sw4real Contributing Member

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    http://www.dailypress.com/business/sns-ap-apple-jobs,0,5685603.story

    Apple CEO Steve Jobs takes medical leave, says health problems "more complex" than he thought

     
  4. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Couldn't find a Web link at the time - it was broken on CNBC. It's in their banner at CNBC.com at the moment.
     
  5. ghettocheeze

    ghettocheeze Member

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    Time to short Apple.

    Jobs was key Apple's ressurgence and the market will show a vote of no confidence. Expect it drop significantly after hours and early trading.
     
  6. Dr of Dunk

    Dr of Dunk Clutch Crew

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    You won't be able to short it for another 6 minutes... it was halted in afterhours trading. :) They're saying it could tank to $75 when it starts trading again.
     
  7. CBrownFanClub

    CBrownFanClub Contributing Member

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    Empathetic, nice.

    He has a funky type of an incredibly deadly cancer, this does not sound good. It would be great to see him back and healthy at some point, he is a very consequential - and to my mind, highly visionary - creator and CEO.

    For my sake, i hope he gets better as I am a huge Apple guy. For him and his family and friends, I wish him personally the best. Brutal news.
     
  8. sw4real

    sw4real Contributing Member

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    Text of Steve Jobs’s Letter to Apple Employees

    http://bits.blogs.nytimes.com/2009/01/14/text-of-jobss-letter-to-apple-employees/

     
  9. ghettocheeze

    ghettocheeze Member

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    BTW and i took the Mac leap last week with a new MBA and love it but I really don't think Jobs is the messiah some apple fanatics make him to be. He was an innovative smart leader who brought back the company from its deathbed. However, Apple is now mainstream with ipods and iphones and need to keep innovating with new ideas for products and improve on existing platforms. Jobs will be severely missed but Apple will still follow his sense of style and personal touch on all products.
     
  10. CrazyDave

    CrazyDave Contributing Member

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    Actually, he's still CEO, he's just taking a medical leave of absence. Semantics, but the title is somewhat misleading... at least for now.

    As for shorting them, and expecting it to tank to $75, I would expect it will be more like $60 by the end of tomorrow. Silly, in my opinion, but a sign of the times. People are going to freak out.

    A sad time for him and his family.
     
  11. Omer

    Omer Member

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    He hasn't stepped down for sure yet, just taking a leave for now.
     
  12. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Omer & CrazyDave,

    You guys are right. Originally it was reported as a "step down" until June, but I'm changing the title since it's a "leave of absence".
     
  13. Baqui99

    Baqui99 Contributing Member

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    AAPL fell to ~ $79 after hours. It's a good buy at $79, and a great buy at $70. Consensus estimates have this stock around $100-$110.
     
  14. Lil Pun

    Lil Pun Contributing Member

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    Bye bye Apple stock.


    I remember Cracked doing a list about this a few months back.
     
  15. s land balla

    s land balla Contributing Member

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    So whose buying AAPL tomorrow?
     
  16. Pizza_Da_Hut

    Pizza_Da_Hut I put on pants for this?

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    Best wishes, I hope he recovers soon and he just needed a vacation or something.
     
  17. kaleidosky

    kaleidosky Your Tweety Bird dance just cost us a run

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    or who's gonna try and short in the morning?
     
  18. oomp

    oomp Contributing Member

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    An Apple a day apparently does not keep the Doctor away.
     
  19. emjohn

    emjohn Contributing Member

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    I thought the "hormone imbalance" statement was sketchy at best.

    I hope he recovers.
     
  20. Rule0001

    Rule0001 Contributing Member

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    Doesn't he have some form of pancreatic cancer though? Which is lethal like 99.9999% of the time?
     

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