“Apple Inc. rose as much as 3.9 percent in Nasdaq trading after the New York Times said Chief Executive Officer Steve Jobs has told associates he is cancer- free, four years after an operation to treat pancreatic cancer,” Connie Guglielmo reports for Bloomberg.
“Jobs told members of Apple’s board that he is dealing with nutritional problems after his cancer surgery, which can lead to weight loss in some cases, the newspaper said, citing people close to him. He had surgery this year to fix a problem that caused the weight loss, the Times reported,” Guglielmo reports.
“Jobs’s health resurfaced as an issue for Apple last month, when the 53-year-old CEO appeared visibly thinner at an event in San Francisco to introduce the newest iPhone,” Guglielmo reports. “If Jobs were to leave for any reason, the stock would plummet 25 percent, said Gene Munster of Piper Jaffray & Co. That would erase almost $37 billion from Apple’s market value.”
“Jobs said Aug. 1, 2004, that he had surgery to remove a cancerous tumor in his pancreas. The form of cancer he had, called a neuroendocrine tumor, can be cured if diagnosed in time, as his case was, he wrote at the time in an e-mail from his hospital bed to employees,” Guglielmo reports. “He took a month off to recuperate and was clad in his trademark jeans and black turtleneck at his first public appearance since the surgery in mid-October 2004 at an Apple store opening in California.”
Full article here.
And now can we go back to REAL Apple/Mac/iPod/iPhone/AppleTV news???
End of controversy?
Wallstreet created a reason to push the stock down and now they have a reason to push it up. They only make money if prices go up and down a lot. The SEC does nothing. And the beat goes on…
Not enough to undo the damage of the false rumor.
Steve needs to print six golden tickets and place them in random Apple products …
For the Buy & Hold investor, the circus just came through town. Same old clowns, and carny malingerers.
Every time the price drops by more than 10%, the smart money is buying.
I don’t have a lot of money to buy shares, but I would like to personally thank all the STUPID investors for letting me grab 2 more shares of AAPL at $148. MORONS, you are. SMART, I am.
If you truly believe in the strength of AAPL, then you have to love these mini “crisis” stories.
So far, I have done wonderfully. At each “market correction” I have purchased.
Its a great way to buy into the stock on a quarterly basis (kinda a cost averaging on the way up)!
If this version of events is true, I hope the surgery to correct the weight loss was a success, and wish Steve all the best. But I can’t help but wonder – why did Apple put out the “Steve just has a bug” story?
Oh, I see this has been thrashed on an earlier thread.
@Brocktoon
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But now my flatulence smells really bad.
CEO’s health gaming to make money with selling/buying shares… Oh, what a pitty! Poor stupid dolarized human race!
Makes sense. Pancreatic resection can give you malabsorption because of loss of pancreatic enzymes required for digestion. Depending on exactly how his pancreatic drainage was arranged, he could also have developed a stricture that needed dilatation.
Does not sound serious.
I know it… Jobs is not taking his daily “Boost” drink… and I for one don’t blame him… it more often than not tastes like crap!
NYT reports, hypothesizes, speculates, exaggerates, or lies. Your choice.
Why did Jobs take so long to have this “surgery” before the ravages of his illness became so evident? Was he not aware that his physical appearance (i.e. gauntness) would be a source of endless concern and speculation? Why would Jobs be so insensitive as to inflict such rumor-mongering upon his faithful?
Amen, FTP.
It’s time to move past this morbid obsession some of you have for Steve’s health.
Ampar,
It must be difficult for you to suddenly realize that Jobs is not immortal after all, eh?
How do you think that his mess could have been handled better?
How long before Apple considers Jobs’ health to be a liability?
When do you think it would be appropriate for Jobs to step aside?
Who do you think is the best candidate for CEO of Apple should the post be absent?
A reasonable and sensible person would seriously consider these questions whether of not the CEO of any company had a history of cancer or not. Feel free to share your wisdom.
KGB Afib sputtered: “Haven’t you gotten the point already? Not every cares what you think.”
He also drooled: “Feel free to share your wisdom.”
You really have lost the few brain cells you had.
Here’s a hint, lunatic. Get stuffed.
“he could also have developed a stricture that needed dilatation.”
By not disclosing what’s going on, he’s sure as heck made sure Apple shareholder’s Strictures are being been Dilated. Roughly.