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. @TimD
    The market is not based on past and present, only on future earnings. It’s unfortunate, but that’s how it works.

    Best to you and your family Steve; I’m holding my shares.

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