Submitted by David Kuan01.14.2009
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Betting closes on Dec 28 2009
A week after disclosing to Apple investors that he had a "hormonal imbalance," CEO Steve Jobs announced that he is taking a five-month medical leave. Apple's chief operating officer Tim Cook will take over day-to-day operations until the end of June.
Could this leave of absence suggest that Jobs, 53, is moving away from his chief executive role? Industry watchers have put Cook on the short list for Apple's next CEO. Fortune Magazine even ran a cover story last November on Cook questioning if he was being groomed by Jobs to run Apple.
Jobs says he'll resume his role as CEO in the second half of 2009 after he recovers. Jobs assured shareholders that he will "remain involved in major strategic decisions" while on leave. However, investors weren't convinced as shares of APPL dropped 7% in after-hours trading from the news.
Prediction: Apple will announce that Steve Jobs will step down as CEO before the end of 2009.
Current Community Consensus 5%
Prediction Statistics
| Betting Closes: | Dec 28 2009 | Current Consensus: | 4.97% | Total Bets: | 53 |
| Today's Change: | 0% | ||||
| Life Time High: | 74.08% | ||||
| Life Time Low: | 4.97% |
Price History
Comments
In 2004, Jobs underwent pancreaticoduodenectomy to remove the tumor without chemotherapy or radiation therapy. He was out for about 3 months and Tim Cook took temporary helm during Jobs absence. It is my suspicion that there are now signs of the return of tumor and that the problem is serious enough for chemotherapy or chemoradiation (which explains the extended duration of the leave). If the suspicion is true, then it is my believe that Jobs will remove himself from the day-to-day responsibilities as required by CEO but remain as the chairman and the product visionaire.
After hours trading puts Apple's stock at Oct '06 levels, wiping away over 2 years of +$80/share. It could go lower than that when markets open.
There are already words that there will be lawsuits filed against AAPL regardless of their merits. That will negatively impact the perception of the company and add to the downward pressure on its stock.
Analysts are speculating this leave of absence is permanent.
http://blog.wired.com/gadgets/2009/01/why-jobs-isnt-c.html
Jobs needs liver transplant is the latest word on this issue
Jobs as Chairman, Cook as CEO in the cards?
I think it's too early to tell how the management at Apple will shape up. All eyes are on Jobs and his actions in late June, as well as the WWDC ...
Ian Lamont
Managing Editor
Seriously? Your layout is so bad.. Restart.. Most of your information is all bullshit with no supporting articles or anything.
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