Monday, January 17, 2011

Apple's Steve Jobs Takes Another Medical Leave

Apple's stock price is zooming with some speculating that it could reach $1000. Verizon has finally secured its iPhone and the iPad 2 is expected to be released this Spring. All has seemed right in Apple Land and that is never a good sign, as pessimists would say. So it is unfortunate news to read that Steve Jobs needs to take a medical leave from his current responsibilities. "While it’s unclear what the reason is for the medical leave, Jobs’ previous medical history includes Pancreatic cancer as well as a liver transplant. In 2004, Jobs contracted Pancreatic Cancer, which he beat. Then Jobs underwent a liver transplant in 2009, and also made a full recovery. During Jobs’ absence in 2009, COO Tim Cook took over Apple’s day-to-day activities, similar to this situation.'

Hopefully more news will come shortly. Apple's earnings for 2010 and fourth quarter are expected tomorrow and additional news may come at that time. Until that release, Apple's stock may see a drop today. Let us hope that the news is not bad. For Apple, it is truly vital that a succession plan is completed and that the innovation that is the heart of Apple's business continues to be embraced.

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