Site icon MacDailyNews

Analyst says Steve Jobs’ health concerns not hurting Apple shares

“As heartening as it was to hear on May 30 that Jobs would present part of the WWDC’s opening keynote — news that arguably was primarily responsible for a 3 percent jump in share price — Jobs’s gaunt appearance and weak voice were noticeable on Monday,” Chris Nerney reports for ITword.

“Some people, though, were reassured by Jobs’s physical appearance. Cult of Mac Editor and Publisher Leander Kahney writes that ‘Steve Jobs looked pretty healthy’ and that ‘all-in-all, I thought he looked pretty vibrant and energetic on stage,'” Nerney reports. “Kahney asked what readers thought, and nearly all of them disagreed (‘he could barely walk,’ ‘his voice scared me,’ ‘extremely emaciated’). And these are Cult of Mac readers.”

“‘I don’t think the stock reaction is about (Jobs’) health,’ Piper Jaffray analyst Gene Munster said in this Huffington Post/AP article. ‘Almost every investor I talk to doesn’t believe he’ll be part of the company in a year or two.’ Harsh, yes, but reasonable and realistic,” Nerney writes.

Full article here.

Michael Liedtke and Marcus Wohlsen report for AP/The Huffington Post, “After his presentation, Jobs talked briefly with Connor Ellison, a 13-year-old boy he met earlier this year at a group that supports organ donations. When Ellison asked Jobs how he was feeling, the Apple CEO said ‘I feel good’ and posed for a picture. Afterward, Ellison said he and Jobs share the same doctor. Ellison also said Jobs had invited him to come down from his home in Folsom, Calif., to attend the event in San Francisco – about a two-hour drive.”

“Jobs didn’t look much different from his March appearance for the iPad 2, said Tim Bajarin, president of Creative Strategies and a longtime Apple watcher,” Liedtke and Wohlsen report. “Bajarin downplayed Jobs’ limited time on stage on Monday, saying he ‘almost always’ relies on underlings to handle the bulk of demos at developers’ conferences.”

Liedtke and Wohlsen report, “The stock has declined 3 percent since Jobs announced his latest medical leave Jan. 17. During that time, the technology-driven Nasdaq composite index has fallen 2 percent.”

Full article here.

MacDailyNews Take: Good health, Mr. Jobs!

Exit mobile version