Philip Elmer-DeWitt writes for Fortune, “Whenever Steve Jobs takes a medical leave — and the one announced Monday is his third in less than six years — the question invariably arises: What happens to Apple (AAPL) when he leaves the company for good?”
The stock — to address the immediate concern of investors — will take a hit,” P.E.D. reports. “But Jobs says he is still keeping his hand in the company’s “major strategic decisions,” and if his past medical leaves are any guide, the company — and the stock — will rebound. In July 2004, two weeks before his first operation, Apple reported quarterly sales of just over $2 billion. Tomorrow it is expected to report sales somewhere between $24 and $26 billion.”
P.E.D. reports, “We don’t hear much about the rest of Apple’s leadership team, in part because Jobs casts such a large shadow. But the fact is, he runs a meritocracy and has surrounded himself with some exceedingly able people.”
Full article here.
Great buying opportunity coming.
Apple is on solid ground for at least 4 years.
Get well soon Steve.
Buy the April 325 calls… Huge upside
We all like Steve but Apple success has been due to a great team not a one man band.
Yeah, I’m transferring $100k from my bank account to my investment account, so I can pick up more shares tomorrow.
Damn, KenC. You play in the big leagues. Good on ya.
Lots of nimrods are in love with the “key man” concept and assume that nothing happens without one “key man”
(an example would be the incredible emotional investment that some people have in our current President)
But a great key man (Jobs) knows that you have many key men working under you.
Great individuals make up great groups, and bad individuals make up bad groups, it just that simple. Great key men pick out their key people based upon their individual skills.
Good picks good, bad picks bad.
Thats what Jobs has done. The other example…….. uh
Let the flames begin.
kenh. I feel that a ‘prodigy/genius/visionary’ comes by maybe once or twice in a lifetime, and a rudderless ship with many good intentioned men may not be enough to save it from floundering any time soon. Get well Steve!
“kenh. I feel that a ‘prodigy/genius/visionary’ comes by maybe once or twice in a lifetime, and a rudderless ship with many good intentioned men may not be enough to save it from floundering any time soon. Get well Steve!”
Get Well Steve! absolutely!
but once or twice in a lifetime, I don’t agree with that.
There are thousands of people out there soldiering away at their jobs every day without anyone ever finding out about them. That is the beauty of America. Fantastically talented individuals charting their own course individually and in doing so create the best society on earth. Imperfect yes, as it shall always be.
Does that take away from Jobs? Hardly, it just adds to the total. He placed himself at the right time the right place with the right ideas.
Get well Steve, we do need you. Just like we need Tim Cook, or whoever is out there.