“Apple Inc. shares dropped as much as 10% Wednesday evening after the technology company said that Chief Executive Steve Jobs will take a medical leave of absence until the end of June,” Carla Mozee reports for MarketWatch.
“Apple (AAPL) shares were last down 7.6% to $78.80. They finished the regular-session at $85.30,” Mozee reports.
“Jobs, in a statement, said that during the past week he’s learned that his health-related issues ‘are more complex than I originally thought,’” Mozee reports. “Chief Operating Officer Tim Cook will be responsible for day to day operations.”
Full article here.
MacDailyNews Take: The line from Job’s open letter that simply must be true, or there will likely be legal issues brought against the company by some shareholders is, “during the past week I have learned that my health-related issues are more complex than I originally thought.” If untrue, if Jobs or the Board of Directors and/or others knew before “the past week” that Jobs’ “health-related issues” were “more complex than” Jobs “originally thought,” well… Cupertino, we have a problem.
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