In a list of rumors he’s picked up from trading desks and other industry sources this morning, TheStreet.com’s Doug Kass drops this thermonuclear bombshell:
“Apple will announce that Steve Jobs will be taking a leave of absence from the company.”
That’s it. No other information is included. One might speculate that, if it were to occur, such a leave of absence might be due to the stock options imbroglio, a health issue (we hope not!), new venture (?), or some other unknown reason.
Doug Kass is founder and president of Seabreeze Partners Management, Inc., and the general partner and investment manager of Seabreeze Partners Short LP and Seabreeze Partners Short Offshore Fund, Ltd. Until 1996, he was senior portfolio manager at Omega Advisors, a $4 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody. Kass received his bachelor’s from Alfred University, and received a master’s of business administration in finance from the University of Pennsylvania’s Wharton School in 1972. He co-authored “Citibank: The Ralph Nader Report” with Nader and the Center for the Study of Responsive Law and currently serves as a guest host on CNBC’s “Squawk Box.”
Full article here.