Apple Inc. shares off 8% in Frankfurt trading

ZaggMate“Apple Inc. Chief Executive Officer Steve Jobs announced Monday he will take a leave of absence to focus on his health, the second time in two years that the business legend has stepped aside from the stock market darling,” Polya Lesova reports for MarketWatch.

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Lesova reports, “U.S. markets are closed for a holiday on Monday, leaving only the thinly traded market in Frankfurt for clues on price direction. It wasn’t pretty, with shares of Apple slumping: DE:APC €239.20 [US$318.21], -€21.00 [-US$27.93], -8.07%).”

“Jobs was stricken in mid-2004 with pancreatic cancer, an often fatal illness, but it later was discovered that his was form that was treatable with surgery,” Lesova reports. “In subsequent public appearances, Jobs appeared gaunt, raising even more concerns about his health. Then, in January 2009, he took a six-month leave of absence, citing a ‘hormone imbalance,’ and handed the day-to-day reins to Cook. Jobs later underwent a liver transplant but returned to work in June of that year.”

Full article here.

19 Comments

  1. My Best wishes for da man Steve Jobs and to his family for a healthy body and mind. Return with even more gusto on Life ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    OK it looks like the AAPL stock will get hit but by how much? Minus ten percent? Back in 2009 with the economic crises and Jobs out AAPL did fine.
    I will be buying more if it goes down 25%.
    Anyone selling theirs this week?

    Fundamentals are there but sentiment is king.

  2. In his note, Jobs expresses his love for the company and his hope to be back asap. We can only guess there may be further surgery and hope this unique genius will be healthy again. There should be no expectation the company will fall apart in his absence.

    Considering of the panicky nature of investor perception, he may have timed the announcement to coincide with tomorrow’s almost-certain blow-out numbers.

    Best wishes to someone who has put miracles in our hands, and hope he will be back soon. Without Steve Jobs technologists would still be stuck on color text code lines against a black screen.

  3. Mr. Jobs has structured the Apple strategy such that it could be run quite well in his absence.. All will be OK. Don’t Panic!

    Wishing you all the best Steve. Take the time to heal, we love you!

  4. I’m long on AAPL, bought it in 1999 or 2000 when the word on the street was to dump Apple. It was an emotional investment and not rational. It has been a very rewarding investment. Never sold one. A dozen years later, I’ll hold on to it still, emotionally. Rational mind suggests otherwise, I wish you all best.

    Get well, soon, Mr. Jobs.
    I’m quite a bit saddened right now, hopefully for nothing.

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