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Sat, Nov 21, 2009 - 04:47 PM EST  —  AAPL: 199.92 (-0.59, -0.29%)  |  NASDAQ: 2146.04 (-10.78, -0.5%)

BusinessWeek: Steve Jobs’ cancer has not returned, says source close to Apple
Tuesday, July 22, 2008 - 04:03 PM EST

"After the earnings call last night I talked with a source who is close to Apple and who who has in the past proven very well informed on the concerns of Apple senior management. This source told me with near-certainty that Jobs’ cancer has not returned," Arik Hesseldahl reports for BusinessWeek.

"The concerns around his health have centered on two things: His thin appearance at the Worldwide Developer’s Conference, and published reports in Fortune than in late 2003 after he first learned he had cancer, word of his condition wasn’t disclosed to investors for nine months. Having consulted with two outside lawyers, the board of directors decided that it wasn’t under any obligation to disclose anything," Hesseldahl reports.

"Apple has for the most part remained silent about the health of its CEO. When questions were raised about his appearance at WWDC, spokeswoman Katie Cotton said he had been suffering from a 'common bug,' and I’m willing to take that at face value," Hesseldahl reports. "But having undergone surgery to remove an islet cell neuroendocrine tumor from his pancreas — which is by all accounts a major surgical procedure and which required him about a month to recuperate — even a 'common bug' has the potential to affect Jobs’ appearance. I think this, more than anything else, is the source of the concern... I think these concerns are overblown, and are born out of a hypersensitivity to any perceived threat to his tenure."

"Idle, speculative and uninformed talk is feeding fear uncertainty and doubt, that is not worth serious consideration. Even so, given what’s publicly known about Jobs’ medical history, questions about the condition of his health are certainly fair to ask, and the ones who should be doing the asking are Apple’s outside directors, specifically its three-member compensation committee, to ask these questions on behalf of shareholders: William Campbell, Millard Drexler and former vice president Al Gore," Hesseldahl writes.

More in the full article - recommended - here.


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Jul 22, 08 - 03:06 pm Comment from: Funky Chicken

Go Steve! We're rootin' for ya!

Jul 22, 08 - 03:09 pm Comment from: ,',bn,','b,l

It is my understanding that pancreatic cancer is incurable, only treatable.

Jul 22, 08 - 03:10 pm Comment from: John Gee

Anyone have that link that describes the typical recovery path of this kind of (completely curable) pancreatic cancer?

It pretty much explains it perfectly.

Jul 22, 08 - 03:14 pm Comment from: Buster

@',bn,','b,l aka spastic fingers...

In general you are right but there is one form of curable (by surgery) pancreatic cancer. It is relatively rare and Steve was lucky (oxymoron) to get that one. He is cured. That's it that's all.

Jul 22, 08 - 03:20 pm Comment from: Blue Dream

I'm selling the next time he picks his nose...got my finger on the button.

Jul 22, 08 - 03:23 pm Comment from: Spudly

It's simple folks and I fully support the way Apple has handled this recent "scare" by basically saying "fuck off, it's none of your business." Steve doesn't like anyone knowing about a new wiz-bang product about to be released in a few days/weeks/months... you really think he gives a rat's ass if someone wants to pry about his health?!? I believe Apple knows the SEC issues they could face if they were to hold a serious medical condition away from Apple's shareholders... but all this prying by the media and stock manipulators will simply, and rightly, be refuted with the occasional "fuck off, it's none of your bees wax!"...and I FULLY support that!

Jul 22, 08 - 03:24 pm Comment from: zdncg

Pig,

Steve Jobs' health is an issue because Apple has made it an issue.

Jul 22, 08 - 03:27 pm Comment from: Not a Doctor

Im not a doctor, but I have type-1 diabetes. islet cells are the cell in the pancreas that produce insulin. Is it possible the chemo and removed of the islet cells made him Diabetic? Knowing that Steve is all for "Natural" medicine maybe he is trying to treat diabetes with "natural" rememdies and diet? This might cause high glucose and acidosis which would explain his appearance.. (Trust me ive been there) Again im not a doctor, im just speculating

Jul 22, 08 - 03:34 pm Comment from: Jake

I'm sick of this faux concern over Jobs' health. I know investors have an interest in his health, but this is way overdone. Apple has already stated, through official channels, that Steve had a "common bug." And to flat out lie about that would be ILLEGAL, so we should all assume they're not stupid enough to do that. So, until someone has some hard evidence to the contrary, this is all just BS.

Jul 22, 08 - 03:37 pm Comment from: HMCIV

We're not out of the woods yet. We still haven't ruled out Scarlet Fever. Or hoof & mouth disease! Has Jobs been coming up lame during his morning gallops around the office?

Has anyone tested the pundits' $hit for viruses and bacteria? I think I may be on to something.

Jul 22, 08 - 03:50 pm Comment from: HolyMackerel

I find it ironic that people are concerned over SJ's thinness compared with SB's physique. We worry enough about our own bodies without having to think they are under the view of investors as well.

Jul 22, 08 - 03:56 pm Comment from: alansky

I say that Steve's health is nobody's business unless every CEO is legally required to disclose anything that could conceivably affect his performance. Such a law would clearly be odious and uninforceable. Does a CEO have to disclose that he's fighting with his wife because she thinks he works too much?

This is a ridiculous discussion. Steve Jobs owes nothing to nobody. He has already paid everyone in full and then some.

Jul 22, 08 - 04:00 pm Comment from: Demon

Bought 15,000 shares at the low and completed the sale just at market close for a $16,268.00 profit, Wow it was a hard days work.
I love idiots that don't mind taking it in the shorts to get out of AAPL and then don't mind paying more to get back in AAPL.

Jul 22, 08 - 04:06 pm Comment from: Demon

Time to go buy some more Macs and iPods.

Jul 22, 08 - 05:21 pm Comment from: akifox

From Steve Jobs' 2005 Commencement address at Stanford University:

"About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn't even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctor's code for prepare to die. It means to try to tell your kids everything you thought you'd have the next 10 years to tell them in just a few months. It means to make sure everything is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes.

I lived with that diagnosis all day. Later that evening I had a biopsy, where they stuck an endoscope down my throat, through my stomach and into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated, but my wife, who was there, told me that when they viewed the cells under a microscope the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I'm fine now."

http://news-service.stanford.edu/news/2005/june15/jobs-061505.html

Jul 22, 08 - 05:29 pm Comment from: @ Demon

Demon you surely are de mon.

Jul 22, 08 - 05:32 pm Comment from: Another view

When Lance Armstrong was diagnosed with testicular and brain cancer, the resulting months of surgery and chemotherapy radically changed his physique. Over the next year, Lance lost 20 percent of his total body mass. When he re-emerged and returned to bicycle racing, the world was shocked at his appearance. At the time, people questioned why he even dared to return to the sport.

Seven consecutive Tour de France wins later, people came to understand that looking skinny does not translate into being weak. Few today doubt the prognosis for Lance Armstrong is excellent.

Perhaps this is a lesson that others can learn from when looking at and judging Steve Jobs. Like Lance Armstrong, some people should never be underestimated.

There are some on this board who would pray for the death of Steve Jobs. I am not one of them. Say what you might about Steve Jobs, his impact on technology and consumer products in the past 20 years has been immense. Those who doubt this, or even worse, those who would gleefully wish for his untimely death show what little and unimportant men they really are. I am confident that Steve Jobs will live a long life, and let his performance, in the way that Lance Armstrong performed so brilliantly, outlast any doubter or hater.

Also, for the record, there is a federal law called the Health Insurance Privacy and Portability Act (HIPAA). It protects your right to the privacy of your medical records and medical condition. Neither Steve Jobs nor Apple are under any legal, moral or ethical obligation to disclose his medical condition. Unless something untimely were to happen to him, for the purposes of of the operations of Apple, Inc., this would not be considered material.

For this reason, calls for disclosure by investors and the media have no mandate. And for those of you who think otherwise, I invite you to disclose for the record all details of your personal medical records.

I doubt that I will have any takers.

If you don't know it, you're being played. You're being made fools by short sellers, hedge funds, shills and haters. You can add to the debate and make foolish noise, or you can do what the smart investors are doing - ignoring it. Apple's stock has shown a strong rebound from the hysteria of misreporting and attempted stock manipulation of the past 24 hours. That should speak volumes. And in the coming weeks and months, as more investors vote with their pocketbooks, you will see exactly what I mean.

Jul 22, 08 - 05:54 pm Comment from: overweight America

Anorexia aside.

Steve Jobs maybe a little thin or maybe he's not. The measure depends on what you are comparing him to. In general the American population is way overweight. Even when most people say they are "thin" or "average" they are probably overweight. When being very overweight is the norm - being a true normal weigh to some people can appear to be too thin.

It's really a matter of perspective.

Jul 22, 08 - 06:18 pm Comment from: Be Happy

@Blue Dream

"I'm selling the next time he picks his nose...got my finger on the button."

You don't have to wait for SJ to pick his nose, you can go ahead pick your hole and sell now.

Jul 22, 08 - 07:39 pm Comment from: Macromancer

"Steve Jobs' health is an issue because Apple has made it an issue."

No, it's because random stock manipulator of the day has made it an issue. Apple hasn't said crap.

Jul 22, 08 - 09:08 pm Comment from: Dialtone

Jobs has led the way in business, now he's showing everyone how to stand up for their own privacy. There is far too little regard for privacy anymore in the USA -- it's time to turn it around.

Jul 23, 08 - 02:38 am Comment from: truth

all i know is steve is alive TODAY and he's doing well... and making EXCELLENT decisions... tomorrow any one of us can die in a wreck or heart attack, etc... one thing for certain.. steve is dying, so are you, so am i... everyday we get closer to death.. that my friends is the truth.. so who gives a shit if it's 3 days, 3 weeks, 3 months, 3 years, 30 years.. all irrelevant.. it's what he does with the time he has here and so far to my observations he's doing a great fucking job!!!

so wall street - stick it up your fucking ass - i'm keeping all my AAPL shares because they actually do have VALUE , unlike many other lame-ass stocks i'll leave out

and reporters, get some substance to your stories and GET YOUR FUCKING FACTS STRAIGHT BEFORE YOU MISLEAD THE WORLD

back to work....

Jul 23, 08 - 03:54 am Comment from: Doctor

Pancreatic neuroendocrine cancers have a much better prognosis than the usual pancreatic cancers. Exocrine pancreatic cancers do have a very poor outcome but not so with endocrine tumours.

Jul 23, 08 - 04:32 am Comment from: con job by the street

lets run the run stock price down so the little man sells now at a under worth price big man buys plenty of stock and makes huge profit all a con job by the street cause they know apple is going big and they wont in but cant so lets do a attack on steve so people shit themselves and sell well it dont work we see your game so sod off steve fine stock is a tad low but will rise big time keep hold of stock show big man the finger

Jul 23, 08 - 05:37 am Comment from: Bill

Maybe an investigation by the SEC for stock manipulation is in order for certain hedge fund managers is in order. Anyone see a pattern here?

Jul 23, 08 - 07:38 am Comment from: Dr. Xacto

It would be real easy for Apple to dispel the rumors; have Steve Jobs issue a statement regarding his health.

Jul 23, 08 - 08:18 am Comment from: JVGJKAB

Having made his announcement of his illness at the commencement address it was Jobs himself that made his health a public issue. Apple, by being furtive and secretive, about Jobs' health only exacerbates the speculation about his wellness.

Jul 23, 08 - 08:38 am Comment from: hagar57

"It would be real easy for Apple to dispel the rumors; have Steve Jobs issue a statement regarding his health."
Xacto, why should he dignify malevolent speculation? There is a reason why doctors are not allowed to discuss their patients' health: privacy. Everybody has a right to privacy, even in our age where any half-assed celebrity's veneral disease is headline material. Mr. Jobs is entitled to that privacy unless he has to expect a condition to affect his ability to perform his tasks. Since he has not informed the board of directors of such a condition, we have to assume he is fine. And that's all we are entitled to know.
BTW, did Ronald Reagan inform the public, his 'shareholders', that he suffered from Alzheimer's dementia while still in office?

Jul 23, 08 - 09:26 am Comment from: KGB

hgar57:

Using your logic, Ronald Reagan had no obligation to inform the public of his dementia as Steve Jobs has for his cancer.

Or, do you mean that Steve Jobs has as much obligation as Ronald Reagan to divulge the status of his health?

You seem quite confused.

Jul 23, 08 - 09:36 am Comment from: erigjd

Hagar57,

"malevolent speculation"?

When peoples' money is at stake, there is always an interest.

Bill,

"SEC investigation"? "stock manipulation"?

Anyone with eyes to see can clearly perceive the fact that Jobs has become more gaunt over the years, and that Apple has become quite reluctant to disclose any detailed information of Jobs' health. If you value your stock portfolio you would be interested in Jobs' and Apple's wellness.

Jul 23, 08 - 09:52 am Comment from: ghkfjlfj

hagar57,

Steve made his cancer public information. Jobs could have kept his illness private, but he did not. Jobs has only himself to blame for any speculation of his health.

Jul 23, 08 - 10:49 am Comment from: BDecker

@con job

Agree entirely. Day traders and other investment hacks (read: pros) are selling (aka taking profits), and are very aware of new investors flocking to APPL, which drives the price back up.

This wash-rinse-repeat cycle is likely to continue for many more quarters. The stock market is a modern day lions den.

Jul 24, 08 - 11:03 am Comment from: @hagar57

"Since he has not informed the board of directors of such a condition, we have to assume he is fine."

Only if we're terminally stupid. If he had a condition which will have no present and future effect on his ability to perform his job, he would disclose it and put an end to the speculation.

The only reason to hold back is because he knows full disclosure would be worse for Apple than what is happening now.

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