“You all know that Steve Jobs has resigned as chief executive of Apple Inc. The San Francisco Bay Area news organizations, without exception, have made it sound as if Jobs is on his deathbed and that things are going to change at Apple overnight,” John C. Dvorak writes for MarketWatch.
“If Jobs divorced himself from the company and gave up his chairmanship, then I’d be more concerned. But he did not,” Dvorak writes. “He is still chairman. He still has oversight capability and can maintain that for some time to come.”
Dvorak writes, “The general scenario in the media is an exaggeration, and the decision for Jobs to step down may have a simpler, more logical explanation than just his being critically ill. The reason is Tim Cook.”
“Everyone in Silicon Valley would love to hire this guy, and from his perspective, his title as “acting” chief executive gets old fast when you are actually running the company,” Dvorak writes. “Jobs has been on extended leave for months, so what’s going to change with this announcement? Nothing, that’s what — except the title itself. And this is what is important.”
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