Jobs Taking Leave from Apple – Analyst Blog
Source: http://www.zacks.com/stock/news/16813/Jobs+Taking+Leave+from+Apple+-+Analyst+BlogPosted on Wednesday, January 14th, 2009 | In Stocks to Watch
It has been reported that Steve Jobs, CEO and co-founder of Apple Inc. (AAPL) will take a 6-month leave of absence from his responsibilities at Apple.
His health has been a matter of concern for some time, and conjecture about it has had an impact on the stock price. His hormone deficiency is apparently more serious than previously indicated.
Apple is a large company. Its strategies and “road map” have been in place for some time. Its management has depth, since Steve Jobs has not been the COO for many years. I would not expect any significant impact on revenue or profits due to his absence.
The company has prospered with new products every 5 or 6 years. Since the iPhone is two years old we would not have expected a new direction from Apple until 2010.
By then we should know more about his health.
Read the full analyst report on AAPL.
“AAPL” Free Stock Analysis: Buy? Sell? Hold?
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