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Thu, Mar 18, 2010 - 07:48 AM EDT  —  AAPL: 224.12 (-0.33, -0.15%)  |  NASDAQ: 2389.09 (+11.08, +0.47%)

Steve Jobs is a national treasure and visionary of the first order
Friday, January 16, 2009 - 09:05 AM EDT

Apple Online Store"To some Steve Jobs is a national treasure and to others he is a visionary of the first order," Maggie Shiels reports for BBC News.

"These are just some of the views being expressed in Silicon Valley about the Apple co-founder following the news he is taking a medical leave of absence from the company," Shiels reports.

"Mike Arrington [TechCrunch editor] said, 'He has single-handedly brought the US back into the mobile ball game with the iPhone. Until then it was all about Europe and Asia. He also broke the back of the music industry with iTunes. Those are two big legacies to leave behind, so I really believe he is a national treasure,'" Shiels reports.

Shiels reports, "Van Baker who is a principal analyst with Gartner and covers Apple for the industry said 'The hit the stock price has taken was inevitable because he is the public persona of Apple and, largely wrongly, most people think as goes Steve so goes Apple. In truth it's not going to have an impact on Apple in running their business. They will do just fine. Tim Cook, who is taking over, is a very capable guy. He's not the personality Steve is, but he is very competent and Apple will do just fine.'"

MacDailyNews Note: Not really much of a prolonged "hit" as AAPL dropped 10% immediately due to general idiocy, but recovered; ending up closing down just $1.95, or -2.29%, yesterday. In pre-market trading today, AAPL is up $0.73, or +0.88%, currently.

Shiels continues, "Now with his second medical leave of absence , the question as to whether or not Mr Jobs will return takes on even more weight. 'That is the real question,' suggested Mr Arrington. 'When a CEO steps down for health reasons, chances are they are not coming back. However he did come back after his bout with pancreatic cancer in 2004 so there is no reason to think he won't depending on how serous his health problems are.'"

Shiels reports, "Charles Wolf an analyst at Needham & Company who follows Apple said 'It is reasonable to expect, given the history of Steve's illness, that the market is probably going to assume that he is not going to return to Apple.'"

Full article here.

MacDailyNews Take: So, is that it? After years of rumors and health scares, real and imagined, was the idea of a "post-Steve Jobs" Apple already priced into AAPL shares?


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Jan 16, 09 - 10:24 am Comment from: clinicaltechmaster

As long as Steve Jobs is alive he will be involved with Apple.
Let's hope he lives a long, happy and as healthy as possible life.

Jan 16, 09 - 10:28 am Comment from: twilightmoon

If does come back to Apple imagine the reception hell get.

If not we were lucky to have him when we did!

Either way get sell soon Steve!

Jan 16, 09 - 10:32 am Comment from: jtc

"Steve Ballmer is a national treasure and to others he is a visionary of the first order...."

Will be the day we ever see a headline like that

Jan 16, 09 - 10:36 am Comment from: bioness

I'm surprised no one has erected a statue of him... they should!!!

Jan 16, 09 - 10:36 am Comment from: madgunde

@twilightmoon
What? Can I buy a word and an apostrophe?

Jan 16, 09 - 10:38 am Comment from: mark

Even if he does not come back as CEO, he'd almost certainly stay on the Board and assist in making strategic decisions.

Jan 16, 09 - 11:00 am Comment from: Wingsy

Please, just show us the AFTER pictures of all those tummies that are invading my screen. I really don't need to see the BEFOREs, I can imagine that if I have to.

Jan 16, 09 - 11:20 am Comment from: jtc

@Wingsy

I agree... it looks horrid

Jan 16, 09 - 12:57 pm Comment from: ndelc

In other words, buy Apple stock soon. You'll make a fortune when he returns in July. Never bet against Steve Jobs. If anyone has enough willpower to make their body heal, it's Steve.

Jan 16, 09 - 12:59 pm Comment from: FUDsucker Proxy

"... the question as to whether or not Mr Jobs will return takes on even more weight..."

No, the question is, will Jobs return after he takes on more weight.

wink

Jan 16, 09 - 01:03 pm Comment from: qka

Coming from the BBC, shouldn't the be talking about Jon Ive?

Jan 16, 09 - 03:29 pm Comment from: auramac

If Jon Ive were to leave, too, then I'd really worry. I'm thinking that if Jobs didn't plan to return, he'd have resigned as CEO and been given another title, like president, consultant, guiding light, or something.

Jan 16, 09 - 06:00 pm Comment from: Lanky

In other news. Both Bill Gates and Steve Ballmer were said to be resigning from Microsoft.

The aftermath reaction was, well... listen...


"Does anyone know how to use the copier?"

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