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Apple: Jobs to Take Medical Leave of Absence

blogs.wsj.com

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Re: Apple: Jobs to Take Medical Leave of Absence

#81

Post by whatusername »

gravitycop wrote: post #77
Zev wrote: post #76

Earlier quoted context omitted.

While your ability to quote Wikipedia is quite astute, you have lost me when I try to figure out what you're trying to say through said quoting. Mind explaining it in some words of your own instead of jumping around the bush?

he was forcibly removed from his position and couldn't set anything up. Wasn't NeXT set up by Steve Jobs in 1985, around the time he was removed from Apple?

I think he's trying to say: In '85 - Jobs couldn't really do any succession planning / future products / directions / etc... So he didn't set anything up for apple (unless you count the fact that long term they bought NeXT etc etc)

In '08 - Jobs will be sorely missed. The WWJD (What would Jobs Do?) question will be asked around apple for years to come

Re: Apple: Jobs to Take Medical Leave of Absence

#82

Post by jfornear »

Alex3917 wrote: post #45
answerly wrote: post #6

Just terrible news and so unfortunate that it has to play out this way. I can't imagine how difficult it must be to have to deal with a (seemingly) serious medical issue and have to justify every related move to the public.

What's more terrible and unfortunate is the fact that not only is this the top story on CNN and Google News, but today's supreme court decision doesn't even make it onto either page. Not even below the fold.

This shouldn't be surprising at all. Priority in news is not determined by what we might consider to be of real or objective importance.

Re: Apple: Jobs to Take Medical Leave of Absence

#83

Post by TomOfTTB »

menloparkbum wrote: post #79
TomOfTTB wrote: post #70

Earlier quoted context omitted.

Are you kidding? You think things are so bad that it could be fatal yet he's just hangin' out at home? If something's that close to being fatal a person get's hospitalized. Second this isn't a significant amount of time off. Perfectly healthy 53 year olds with millions of dollars in the bank take sabbaticals all the time.

If something's that close to being fatal a person get's hospitalized. If you're that rich, you don't go to the hospital, the hospital comes to you.

No, it doesn’t. Hospitals have thousands of Doctors with all kinds of specialties along with millions of dollars of specialized equipment. People are hospitalized so they have quick access to all those Doctors depending on what happens to them. You can’t “bring a hospital to you”

Re: Apple: Jobs to Take Medical Leave of Absence

#84

Post by TomOfTTB »

[deleted] wrote: post #72
TomOfTTB wrote: post #70

Earlier quoted context omitted.

Are you kidding? You think things are so bad that it could be fatal yet he's just hangin' out at home? If something's that close to being fatal a person get's hospitalized. Second this isn't a significant amount of time off. Perfectly healthy 53 year olds with millions of dollars in the bank take sabbaticals all the time.

[deleted]

Oh get real, of course they do. Do a Google search for “CEO takes a sabbatical” for Gods Sakes. One of my personal heroes in the tech industry was a guy named Brad Silverberg. He was #3 at Microsoft under only Gates and Ballmer and he took a year sabbatical to ride his bike of all things.

As far as "there’s always a reason" I have to ask: Have you looked at what the symptoms are for the disease he has? Fatigue, Hair Loss, Urinary Tract Infection, etc... I’d take a few months off if I were him. It doesn’t mean he’s any sicker than he says he is.

Re: Apple: Jobs to Take Medical Leave of Absence

#86

Post by dreish »

netcan wrote: post #47
numair wrote: post #43

Earlier quoted context omitted.

"...Long-term, I think Apple will succeed, with or without Jobs at the helm..." You obviously weren't with us in the 90s.

You know, I'm sure Jobs did good. But I think a lot of it was timing. Apple's thing is all-in-one machines that are sexy. Always has been. Phones, MP3s players, maybe TVs & that whole market really moved towards Apple's pre-existing strategies. The 90s were about being able to afford to put a computer on each desk. They were never as good at that.

I disagree. They had style and vision in the 80s, and in the 90s they were just selling fungible beige boxes. If the person at the top doesn't care passionately about design, it isn't going to just well up from below. Employees who care about design and have a good eye for it will fail to get recognized, and see that happen to others, and they'll get demoralized and leave.

Certainly I hope Jobs gets well, but if he doesn't, I think the key for Apple will be picking a successor who cares about the same things he cares about.

Re: Apple: Jobs to Take Medical Leave of Absence

#87

Post by mattmaroon »

steveplace wrote: post #52
mattmaroon wrote: post #34

Time to sell those puts.

If you're going to get into options, you can sell a bullish straddle, but that assumes that the share price won't go back to its highs (a fair assumption). Selling put verticals would work too as it limits your risk. Actually selling puts is going to depend on what the implied volatility looks like on the open. Of course I'll be on my blog and stocktwits talking about it at 935 tomorow.

No, I meant sell put contracts I had already purchased. I'm not that brave.

Re: Apple: Jobs to Take Medical Leave of Absence

#88

Post by time_management »

sspencer wrote: post #7

It's on Reuters now, too. Clever of them to wait until after the closing bell, but man oh man, that stock is going to plummet tomorrow, I imagine. Hope he's all right...

It's not "clever" to hold the news till after the bell. It's done that way to avoid causing damage to high-frequency traders such as arbitrageurs and market-makers who, by providing liquidity, are good for a stock. Earnings are also usually announced at 4:10 for the same reason.
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