“Apple Inc. said Chief Executive Officer Steve Jobs won’t deliver the keynote at the Macworld conference and that the company will no longer participate in the show after next month’s event. The shares fell 4.9 percent,” Connie Guglielmo reports for Bloomberg.
“Jobs, who returned as CEO of Apple in 1997, has given the keynote speech at the previous 11 Macworlds, using the gathering of Apple fans to introduce products such as the iPhone and MacBook Air. Apple said trade shows have become a minor part of how the company reaches customers and that it has been steadily scaling back on the events,” Guglielmo reports.
“‘The knee-jerk response from Apple watchers is that there’s nothing worth Steve being there for, so there’s the concern there are no new products,’ said Jim Grossman, an analyst at Thrivent Financial for Lutherans in Appleton, Wisconsin, which owns Apple shares. ‘Then there’s the conspiracy theories that there are political problems between Apple and the people who hold the conference, or that Steve isn’t feeling up to it,’” Guglielmo reports.
“Jobs’s health has been the subject of speculation this past year after he appeared visibly thinner at several company events starting in June,” Guglielmo reports. “Jobs, 53, had successful surgery four years ago to treat pancreatic cancer.”
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