Those who think Steve Jobs’ health is on the line should take 75% of their Apple stock off the table, says TheStreet.com’s Jim Cramer:
Direct link to video here.
An attempt to drive down the price of AAPL? An earnest opinion? A mixture of both or something else? What do you think?
One thing’s for sure: there’s only one Steve Jobs. The good news is that he’s still here, Apple says publicly that he’s okay (the SEC does not take kindly to lying about things that are material to a company’s fortunes,) and Apple is a very likely place to attract the next Steve Jobs. In fact, he or she may already work there.
As for Jim Cramer, please look at the related articles list carefully. It’s like a conflicted, torturous roller-coaster for day-traders.
He could have said: There are lots of essential people in the cemeteries!
… lots of indispensable people…
Steve is important. There really isn’t another person that we know of in the company who has the drive, the vision, that he does. Apple would be a lot different without Steve.
Personally I’ve always believed without Jim Cramer, there is no TheStreet.com.
Hmmm…… No TheStreet.com…..
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Steve Jobs certainly pushes the company forward, and he’s a great salesman/showman, but even if something terrible were to happen I wouldn’t be concerned – at least not in the short run. The company is in great shape, has a series of strong products that can only really be improved upon and no doubt a plan for their next few steps.
unfortunatly he is right. i wouldn’t be an investor in the company without steve jobs, either. i think apple will have a few more good years after he left (i am afraid of the other word) executing on his already established plans but afterwards will drown in mediocrity like all the other tech-companies around.
mdn word “picture” as in: this is not a nice picture.
People who take Jim Cramers advice deserve to lose their money.
Though his name often appears as the “inventor” on Apple’s patents, Jobs is not an inventor in the mold of Edison, or even early GE’s Steinmetz. He is the synergizer, the driver of ideas. He is the visionary who knows where he wants to go, and drives those around him to deliver to his exacting standards. He is sui generis. We won’t know how well Apple does without him until he is gone. Here’s to wishing him a long, healthy tenure at Apple.
Knowing Steve, he’s most probably already wrote the Apple Bible including the 10 commandments of Apple, and mapped out the next 250 years of how to revolutionize consumer technology every 3 years.
AAaaarrrrgggghhhh! I wish people would stop manipulating the stock! I though for sure it would be over $210 by now.
Steve is a true visionary, but I believe Apple would continue to be successful in his absence. He’s planted a lot of seeds in the past decade that will continue to drive the company for some time. As well, the people who work closely with Jobs aren’t morons and have probably learned a lot from his extraordinary leadership. I would love to see Ive in the CEO position for his creative vision, but I’m not sure how business savvy he is.
The stock would definitely suffer in the short term because so many ‘so-called’ financial experts have tied the loss of Steve-O with Apple’s success.
Why do people listen to this fool???? He’s wrong 80% of the time. Here’s yet another miss from the “great” stock manipulator Jim Cramer.
Without Jobs there is no Apple.
Would there be a Star Wars franchise without George Lucas? (No.)
Disney went to hell once Walt Disney died.
Once the visionary leaves, the vision dies and then the company.
Now if Cramer would retire….no one would care or notice. LOL.
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To stop these Job´s health rumors, Apple needs to be more open about his health.
With a name like TheStreet.com, it’s no wonder they’re always stepping in it. Kerb your dog! Maybe.
Steve Jobs turned Apple around and laid out the roadmap for future development. He has put the right people in charge of the right projects. Everyone is on the same page.
Apple could continue for years following Steve’s vision if he decided to retire tomorrow.
In fact, he should retire early but remain on The Board of Directors for a while to maintain stockholder confidence. Find a dynamic individual, within Apple, to be the new figurehead. Keep the team headed in the right direction.
The thought that a dead Steve Jobs equals a dead Apple Inc. is just absurd. Is code going to go bad like Microsoft’s with no Jobs?
Will the anti-gravity bike not lift off if he disappears?
Oh, oh! Just broke the NDA.
Nevertheless, Apple Inc. is in good shape and will continue to innovate, with or without Jobs.
I mean, how hard can it be to keep ahead of Microsoft, Nokia, Motorola, Sony and Dell?
It certainly would be a different Apple, but it would survive. There’s a lot of talented people there…Ives is no idiot.
That said, even my broker advises exiting AAPL the moment Steve is not the man in charge…
Gary for the Plain Truth,
Disney is stronger than ever today, decades after Walt’s death. Keep that in mind when thinking about Apple post-Jobs.
Fact: There may already be someone at Apple or being courted by Apple, who’s as good or even better than Steve Jobs, to carry Apple through the post-Jobs future.
We won’t know until Jobs steps down.
I’m expecting/hoping for the best: A long time with Steve, and then a worthy replacement when Steve is enjoying his retirement.
I love these various prognosticators. My advice is this: For 6 months write down every prediction and recommendation they make. Don’t check on anything, just write them down. At one year, check them out and see how they are doing. Do this again at two years. If, at two years, you find the prognosticator to be reasonably accurate, start paying more attention to him or her.
6 months ago, I remember reading all these predictions about the coming recession this Summer. Well, Summer is here and so far we have not had even ONE down quarter, much less the two in the row required to meet the accepted definition of a recession.
Enough said.
What about Jonathan Ive? Is he a nobody?
Jim Cramer has stated that smart hedge fund managers use misinformation or partial information to drIve prices down. I think that is being done here. Steve Jobs is clearly the key to Apple’s success. However, the key thing Steve Jobs has brilliantly done is to create a vertically integrated option to the Microsoft/OEM horizontal model. Apple is the only real option to Microsoft/OEM. That differentiation, and OSX which is a key to it, will continue to create areas of opportunity that only vertical integration can provide. Or that is provides best. Apple will definitely miss Steve Jobs when he gone (hopefully many years from now) but his legacy will have been to build a better architecture for computing than anyone else and that legacy will be a great investment vehicle for years to come, despite the fear, uncertainty and doubt Jim Cramer attempts to sow.
I don’t think Jim Cramer looks so healthy on this video. Is he ailing?
@HMCIV
Well said
I’m available..
But these kinds of ridiculous articles only make it more likely than ever that Jobs will still be running Apple in 25 years time…
Gawd, but do you supposed SOMEBODY inside Apple is/has been planning for the transition of power and vision that is Steve Jobs? What abject hubris for Jim Cramer (or anyone else for that matter) to believe that only WE fans and investors understand his importance to the company.
I’m so sick and damned tired of analysts that (as Will Shakie might say today) first we should shoot all the analysts–THEN the lawyers.
There is another Steve….