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Fri, Nov 20, 2009 - 09:56 PM EST  —  AAPL: 199.92 (-0.59, -0.29%)  |  NASDAQ: 2146.04 (-10.78, -0.5%)

One More Thing: Don’t write off Apple CEO Steve Jobs yet
Friday, January 16, 2009 - 01:16 PM EST

Apple Online Store"I'm not a member of the Steve Jobs fan club, but I have sympathy for the man and the way his health has been treated as a tabloid spectacle. Take, for instance, a report (which has been updated 6 times already) that Steve Jobs may require surgery to remove the remainder of his pancreas, and that such a surgery might turn him into an instant diabetic. Or so says a doctor who has not treated Steve Jobs and actually has no direct knowledge of his exact condition," Ken Fisher writes for Ars Technica. "I might expect this of ESPN, but not Bloomberg. Are people making financial moves on AAPL in this market based on such speculation? "

Fisher writes, "On the bright side, at least Bloomberg didn't just come out and explicitly say, 'Yeah, he's done for.' That job was left to Endpoint Technologies analyst Roger Kay, who talked to Wired. 'Despite all the protestations, I think he has cancer. They talk about digestive this and digestive that, but ... forget all the buzz you're hearing. Just look at the photos,' he said, as if you can diagnose terminal illness via a color photograph."

"The fact is, no analyst, unrelated surgeon, or yogurt shop owner knows what's up with Steve Jobs," Fisher writes writes. "No level of speculation and rumor will force the situation to change: Steve Jobs is on medical leave and doesn't wish to tell us the intimate details about why. He has left a team of very capable executives in charge, and the company will move forward. He hasn't retired, so every expectation is that he intends to come back."

"And he's a fighter... Don't write off Steve Jobs yet," Fisher writes. "You can bet there will be One More Thing. Hopefully, many of them."

Full article here.

[Thanks to MacDailyNews Reader "Cathy" for the heads up.]


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Jan 16, 09 - 01:26 pm Comment from: ericdano

Markets are broken. Isn't that obvious yet? These people "reporting" on Steve are not doing anything for Apple. They are not being objective and responsible.

Jan 16, 09 - 01:29 pm Comment from: Unemployed Drifter

John Dovorak, in his column on MarketWatch says it best: Apple without Steve Jobs is Sony.

Jan 16, 09 - 01:31 pm Comment from: rancher

@unemployed drifter-Dvorak doesn't say ANYTHING best. He's an asshat.

Jan 16, 09 - 01:34 pm Comment from: paul Zune's Meathammer

bravo ken fisher for being reasonable.

Jan 16, 09 - 01:46 pm Comment from: jbrownetal

No... Apple without compelling products is Sony. And my a..hole wtihout tp is John Dovorak.

Jan 16, 09 - 02:01 pm Comment from: Cubert

I think he's going to be at Apple for at least 5 more years.

Jan 16, 09 - 02:04 pm Comment from: HolyMackerel

Maybe analysts should be required to submit their entire personal medical history online before speculating on the medical history of others.

Jan 16, 09 - 02:06 pm Comment from: auramac

Apple without Steve Jobs is Apple without Steve Jobs. Steve Jobs is not dead or retired, but on a 6-month medical leave. There are many great and talented people, obviously, working for Apple- with new products waiting to arrive on a regular basis.

Just the facts, ma'am.

Jan 16, 09 - 02:33 pm Comment from: HMCIV

I might expect this of ESPN, but not Bloomberg.

I'd give Sportscenter more credibility over Bloomberg most days.

Jan 16, 09 - 02:36 pm Comment from: Unemployed Drifter

Actually, Dvorak's column is pretty thoughtful. You should read it. I think what he meant with the Sony comment was this. When Sony's founder, Akio Morita, became ill and left the company in 1994 Sony's drift into mediocrity began to accelerate. Today, I can't think of a single Sony product that I want to look at. What a change from the sixties and seventies when the hottest electronics were all from Sony.

Jan 16, 09 - 02:51 pm Comment from: Unemployed Drifter

Auramac:
That's the way I want to see it too but the timeline here is disturbing and points to a trend:

1. Steve says he has cancer but it's treatable.

2. Public speculation about Steve's appearance cause stock price to fall to alarming level. Steve says he's okay.

3. Steve says his doctors think he has a hormonal imbalance. It is being treated.

4. Steve announces he is taking a six month medical leave and Tim Cook is in charge.

When you put this altogether it doesn't look good. I wouldn't be surprised if Steve has worked his last day at Apple.

Jan 16, 09 - 02:52 pm Comment from: Unemployed Drifter

jbrownetal:
One of the points Dvorak makes is that Apple probably has enough innovative product design in the pipeline to last for two years after Jobs leaves. After that Apple, without Jobs, may have few compelling products to offer the public. Much like the position Sony is in today.

Jan 16, 09 - 02:53 pm Comment from: ken1w

Actually, the first time around, Apple without Steve Jobs was much worse than Sony. Apple in the early 1990's had plenty of cash and lack of focus. They wasted a lot of money doing stuff that led nowhere or had mediocre success. Apple was today's Microsoft.

But Apple in the 1990's is not the disciplined company it is today, with super-efficient operations and three successful product lines (four if you count the iTunes Store). Whenever Steve Jobs does step down, the next CEO does not need to be the same type of creative genius. Apple has plenty of creative geniuses. The next Apple CEO just needs to a strong leader who can keep the company focused on its key markets and strategies.

Jan 16, 09 - 03:07 pm Comment from: FUDsucker Proxy

Has anyone asked Joe the Plumber yet?

Just kidding... :(

MW = air, as in I need to go out for some air.

Jan 16, 09 - 03:14 pm Comment from: Unemployed Drifter

ken1w,
You are absolutely right. Apple's manufacturing, distribution and retail sales chain are the envy of the industrialized world. But what happens to all of that if you run out of ideas for products? That's the real fear investors and others have for Apple's future.

Also, being a creative employee is one thing. If the people above you don't share your vision that vision is wasted. Steve is the kind of CEO who is open to new ideas and the "let's take a chance" mentality. That's the hardest thing to come by in any CEO. It's the loss of vision in any new CEO that could eventually be Apple's downfall.

Jan 16, 09 - 03:46 pm Comment from: ken1w

@ Unemployed Drifter

Steve Jobs made Apple successful again because he has vision and creativity. However, I'm sure he has killed many times more creative ideas from his employees than nurtured to product. He is open to pursuing new ideas, but only if those ideas fit his vision for Apple. Apple is not Google. And that is the real key to Apple's success since his return.

One smart and strong leader who has the influence to keep his company focused and disciplined can easily out-maneuver competitors (with weak or "by committee" leadership) and even entire industries (such as the music recording and mobile phone industries).

So the next Apple CEO does not necessarily have to be the next Steve Jobs, as long as Apple continues to attract and retain talented people, and those employees are kept focused like a laser by strong leadership. But I hope that strong leadership is provided by Steve Jobs for a long long time.

Jan 16, 09 - 04:11 pm Comment from: Grifterus

Steve Jobs is too stubborn to just go away.

I mean it in a positive way, of course.

Jan 16, 09 - 04:25 pm Comment from: The Great Microsoft Shiller Massacre

I equate Roger Kay with douchenozzles like Tom Delay- people who think they can diagnose someone via photo or video. Nice work if you can find it, but in the real world, you're known as a total quack.

Jan 16, 09 - 04:37 pm Comment from: The Great Microsoft Shiller Massacre

Er... douchenozzles like Bill Frist. My bad.

Tom Delay is still a douchenozzle, for other reasons...

Jan 16, 09 - 08:15 pm Comment from: Not Roger Kay

If you are as appalled by the insensitive and sophomoric comments of industry analyst Roger Kay of Endpoint Technologies, below is where to contact him to share your thoughts.

It's one thing to be analyzing a company. But it's quite something else to publicly speculate on what I consider to be a private matter for any individual, Steve Jobs included. Mr. Jobs is a human, not some object owned by Wall Street. To treat him with so little dignity speaks volumes about his critics and accusers.

Feel the same way? Then stick it to Roger Kay here:

Roger L. Kay
President
Endpoint Technologies Associates, Inc.
Phone: (508) 720-3469
Mobile: (508) 314-4443

Jan 17, 09 - 01:03 pm Comment from: BC Kelly

The writer writes:

"Are people making financial moves on AAPL in this market based on such speculation? "



Well, appears a LOT of people have made a LOT of financial moves based on a LOT of speculation, BS, hopes and dreams.

And not just concerning Apple.

Is how we got to "this market"

Duh




BC

Jan 17, 09 - 11:14 pm Comment from: Mister Snitch

"John Dovorak, in his column on MarketWatch says it best: Apple without Steve Jobs is Sony."

And Mark Twain without talent is John Dovorak.

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