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post #1 of 11 (permalink) Old 01-14-2009, 04:55 PM Thread Starter
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Jobs takes medical leave...



SEATTLE (AP) - Apple Inc. co-founder and Chief Executive Steve Jobs said Wednesday he is taking a medical leave of absence until the end of June—just a week after the cancer survivor tried to assure investors and employees his recent weight loss was simply caused by a treatable hormone deficiency.

Jobs, 53, said in a letter last week that he would remain at Apple's helm despite the hormone deficiency, and said he had already begun the "relatively simple and straightforward" treatment for the problem. But in an e-mail to employees Wednesday, Jobs backtracked.

"During the past week I have learned that my health-related issues are more complex than I originally thought," he wrote.

Apple's chief operating officer, Tim Cook, will take over Jobs' responsibilities while he is on leave.

After-hours trading on Apple shares was halted. The Cupertino, Calif.-based company's stock had sank $2.38, or 2.7 percent, to close at $85.33.

Jobs announced in 2004 that he had undergone successful surgery to treat a very rare form of pancreatic cancer—an islet cell neuroendocrine tumor. The cancer is easily cured if diagnosed early. Jobs did not have a deadlier and more common form of pancreatic cancer called adenocarcinoma.

Apple CEO Steve Jobs takes medical leave

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post #2 of 11 (permalink) Old 01-14-2009, 05:03 PM Thread Starter
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Steve Jobs's letter to Apple staff

In full: Steve Jobs's letter to Apple staff

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

In full: Steve Jobs's letter to Apple staff - Times Online

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post #3 of 11 (permalink) Old 01-14-2009, 05:07 PM
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Steve called me today to let me know. I said to him "be strong little chipper".
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post #4 of 11 (permalink) Old 01-14-2009, 05:13 PM
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Originally Posted by Jayhawk View Post
In full: Steve Jobs's letter to Apple staff

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

In full: Steve Jobs's letter to Apple staff - Times Online
A remarkable email, written by a remarkable person.

Too bad it was reposted by a Jayhawk.... for reasons unknown.
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post #5 of 11 (permalink) Old 01-14-2009, 05:26 PM
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hope Steve will be well...
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post #6 of 11 (permalink) Old 01-14-2009, 07:56 PM
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The best thing that I read today was that the type of pancreatic cancer that he recovered from in 2004 was not the type that is so deadly. Hopefully this is, as he says, a system imbalance that is going to require a reset.

From a business perspective it was a good decision, it provides stockholders an understanding that there are fewer questions for them to deal with.

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post #7 of 11 (permalink) Old 01-14-2009, 08:05 PM Thread Starter
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The best thing that I read today was that the type of pancreatic cancer that he recovered from in 2004 was not the type that is so deadly. Hopefully this is, as he says, a system imbalance that is going to require a reset.

From a business perspective it was a good decision, it provides stockholders an understanding that there are fewer questions for them to deal with.
Watch Apple stock tomorrow and see what a good business decision it was...

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post #8 of 11 (permalink) Old 01-15-2009, 09:56 AM Thread Starter
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Jobs To Have Pancreas Removed

Apparently he will have to have his pancreas removed, which could be the end for him.

Bloomberg.com: Worldwide

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post #9 of 11 (permalink) Old 01-15-2009, 01:56 PM
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Watch Apple stock tomorrow and see what a good business decision it was...
Remember, I look at strategic LONG decisions, not at instant gratification numbers to appease ADD addled talking heads.

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post #10 of 11 (permalink) Old 01-15-2009, 01:58 PM
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