“On Thursday, Google along with its strong quarterly numbers, announced that its co-founder Larry Page will become the new Chief Executive of the company starting April 4,” Manikandan Raman reports for The International Business Times. “Larry Page, who founded Google along with Sergey Brin, will take the reins from Eric Schmidt, who has been holding that position since 2001.”
“As the market will be concerned in the near-term with the management shuffle, an analyst at Jefferies even hinted at a possibility that Eric Schmidt could become the Chief Executive of Apple Inc., whose CEO Steve Jobs has gone on an indefinite medical leave and Chief Operating Officer Tim Cook has been taking care of day to day operations,” Raman reports. “At first thought, Schmidt moving to Apple would rather seem unlikely, but not impossible either. ‘While not necessarily likely, we think this scenario is at least a possibility,’ Jefferies analyst Peter Misek wrote in his note to clients… Misek said ‘Apple’s future is likely to increasingly overlap with Google in the areas of cloud computing, advertising, and content. Schmidt could help position Apple for that shift.'”
Raman reports, “Moreover, Apple is not new to Schmidt. He has already served as a board member at Apple for three years. In August 2006, Eric Schmidt was elected to Apple’s board and three years later, he resigned from his position as board member of Apple due to conflict of interests and the growing competition between Google and Apple.”
Full article here.
MacDailyNews Take: Only if Bill Gates turns it down.
*spit take*
If, If, If, ….. as long as Steve Jobs is around this is: pillow talk…
Wow, someone needed to fill a writing quota for the day. Where the h do they get these ideas?
LOL @ MDN’s take.
My first thought after reading the headline, was “HELL NO!”
There’s pretty much no way this would happen. Tim Cook would be a much better CEO for Apple than any other business executive.
If the world stopped spinning, and Eric Schmidt did become CEO of Apple, I would no longer be a long term AAPL investor.
I have no doubt Creepy Schmidt would pull a Ballmer on Apple.
Ahahahahahahahahaha!!!
Um, no.
It’s true. It IS possible.
Monkeys could also fly out of my ass.
(I could see him returning to BoD though)
Apple is moving so fast these days that the analysts are becoming downright delirious!
so they have found thei sculley clone to raid the cash hoard.
Pure BS but the shysters will try anyway.
schmidt becoming apple ceo is like a trojan horse
When hell freezes over or the Bills win the Super Bowl, whichever is first.
One of the craziest and stupidest things yet put in print.
Schmidt (or anyone leading Google, for that matter) doesn’t have the chops needed to lead an innovator like Apple. Schmidt, Bryn and Page should just stay at Google where they can continue to make perpetually-beta products and steal others IP. They couldn’t come up with an original idea if their advertising revenue depended on it.
What does Apple have to gain from Schmidt ? Apple doesn’t need visibility nor a CEO. It does want some visionary engineers and designers who are fundamentally good people.
No matter how skilled Schmidt is, the answer is a Goddamn No.
Ballmer could be strategy chairman, because we like it, we like it alot.
And I was putting my money on Michael Dell
Whatever that analyst is smoking should be against the law. It seems to have impaired his reality quotient. . . . If he was driving an automobile he could mistake a brick wall for an expressway on ramp.
I’m guessing the writer (certainly not a reporter) pulled that one out of his ass..
Better choices than Eric Schmidt:
Pee Wee Herman
Burt Lancaster
Mark Linn Baker
Suzanne Sommers
Al Roker
Lassie
Hahahahahaha!
What, they were serious?
That’s as likely as Gates, Ballmer, Dell, Sculley, Gore, Cuban, Trump and Dan Lyons.
@ AppleJack, agree.
And this anal$yst gets paid to make remarks like this in a research note.
Moronic.
“Hey, look at me, I’m a reporter!! I pull stories out of my ass, and publish the shit on the world wide interwebs!!!”
I’d sell my stock in AAPL if someone from outside was named CEO. If that happened all the senior level talent would leave.
It has begun.
Keep your arms and legs inside the car until the ride comes to a stop.
I think if this happened you would see all or most of the executive team at Apple resign in support of Tim, he has paid his dues and proven himself as good a choice as any (not that anyone could replace Steve) to lead Apple.