“There’s no immediate reason to worry about the impact of Steve Jobs’ medical leave on Walt Disney Co., a Standard & Poor’s analyst said Thursday,” David B. Wilkerson reports for MarketWatch.
MacDailyNews Take: Whew! Finally someone answers the one question that had us really worried! We feel so much better now!
Wilkerson reports, “Standard & Poor’s Equity analyst Tuna Amobi maintains his hold rating on Disney shares. He told clients it’s not ‘immediately apparent’ that Jobs’ absence will ‘have any major impact’ on Disney’s day-to-day operations.’ Amobi expects Disney to ‘remain among the most committed media-content partners’ for Apple’s iTunes store, ‘an apparently seamless relationship for more than three years.'”
Wilkerson reports, “The analyst cautioned that Disney’s next quarterly earnings call could reveal ‘potential implications’ related to Jobs’ board seat, but reiterated that he has no ‘undue immediate concerns.'”
Full article here.
MacDailyNews Note: Jobs has been Walt Disney Co’s largest individual shareholder since Pixar took over Disney.* Jobs owns 138 million shares, or 7.3% of Disney’s stock.
*Yes, we meant it that way. Just as Jobs’ NeXT took over Apple, his Pixar took over Disney.
Nice take!!
*Yes, we meant it that way. Just as Jobs’ NeXT took over Apple, his Pixar took over Disney.
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Steve Jack you really are delusional.
Yes, Pixar creates wonderful films and has a very successful string of hits both pre and post Disney. However, they are a small portion of the entire Disney empire.
@ stockholm
I’m glad someone else said what I was thinking.
So is this article suggesting that Steve Jobs is normally involved in day to day decision making at Disney?
MDN take, um. no.
This is conspiracy!
Think about it, Apple lowers expectation by pulling from MW, then no new product announcements, then this.
Stock gets hammered.
Then pow!
Next week’s financial results will be smashing, on Jan 24th they announce new products, and more to come during next events.
Stock goes through the roof, Apple proves it can still introduce new exciting stuff without Steve, everybody is happy again, except maybe some folks in Seattle.
@Rob
But these new and exciting things were already going to be announced before Steve announced he would be on leave for 6 months.
Yes, but that doesn’t matter, it will happen when Steve is out, besides, no one really knows how market works, what anal-ysts will say, or what investors will worry about (!?)
What are you talking about no new products at MWSF?
Haven’t you seen the economy headlines during the past few months? Everybody’s slashing and cutting Jobs! No wonder he seems a little short on blood.