Apple Stock Up On Steve Jobs’ Health
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/503465475/Posted on Monday, January 5th, 2009 | In Stocks to Watch
Monday January 5, 2009
Navivest
Shares of Apple (AAPL) are up over 3% today, after the company’s CEO Steve Jobs issued a letter explaining his recent dramatic weight loss and that, at least for today, is reassuring investors.
According to the letter, the reason for the weight loss throughout 2008 has been diagnosed as being the effects of a hormonal imbalance that has been “robbing me of the proteins my body needs to be healthy. Sophisticated blood tests have confirmed this diagnosis.” He has already started treatment for it and “will continue as Apple’s CEO during my recovery.”
Apple’s stock tumbled late last month, after the company announced that Steve Jobs would not be delivering the keynote address at the 2009 Macworld this month as he has done for the past 11 years.
This prompted concerns that Steve Jobs was suffering a reoccurrence of the pancreatic cancer that he was diagnosed with in October of 2003. He underwent surgery in the summer of 2004.
On July 21st of last year, rumors of Steve Jobs’ health were front and center again, after Apple held an earnings conference that he did not attend, just as he weight loss was becoming an issue.
Tags: Apple Steve Jobs Apple Stock
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 About Daniel Shepard (http://www.navivest.com/blog)
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