Without Jobs it'll be Apple 4.0. Apple will be fine, again, under veteran COO Tim Cook.
But the day will inevitably come when the board will have to a find a permanent replacement for their iconic leader. Steve Jobs at an Apple event Throughout the long, sad, information-deprived debate over the health of Steve Jobs, there have always been two parallel conversations about would happen if the Apple (AAPL) CEO were to leave his job prematurely. On the one hand is the question of what would happen to Apple in the near term. Thinking the unthinkable: Apple without Steve Jobs. The company would be different -- but not necessarily weaker -- without its co-founder Photo: David Paul Morris/Getty Images News 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. The U.S. markets were closed for Martin Luther King Day when the news hit, but on the Frankfurt exchange Apple shares immediately dropped 7%, shaving more than $22 billion off the company's market cap. Steve Jobs went to Switzerland in search of cancer treatment. Fortune has learned that Apple CEO Steve Jobs spent part of 2009 at a hospital in Basel, Switzerland seeking treatment for neuroendocrine cancer, which he had surgically treated in 2004.
By Doron Levin, contributor Steve Jobs In early 2009, the tech and investing worlds were trying to untangle a puzzle about Apple. The company was putting out incredible devices, but it was unclear why the legendary leader wasn't there. As Fortune reported [See: "The Trouble with Steve Jobs"], Jobs had surgery for pancreatic cancer in 2004, taking a leave of absence to recover. Yesterday, Apple announced the third known absence by Jobs for medical reasons over the last 7 years. A neuroendocrine cancer expert at the University of Iowa Hospitals and Clinics said Monday that recent studies show that "survival rates are improving" due to better treatment.
The circumstances surrounding this leave by Jobs are unknown, but the kind of cancer he was treated for in 2004 is known to recur. Dr. Will Steve Jobs Return From His Leave Of Absence? Will Steve Jobs return to Apple?
It's the question many are asking following the CEO's announcement on Monday that he will be taking a medical leave of absence, his second in two years. Little has been revealed about Jobs' current condition and it is difficult to determine his prognosis with any certainty. Yet from all that can be gleaned from the public record -- what is known about his prior medical history, as well as what little he himself has shared -- it is hard to construct an encouraging scenario. Jobs has struggled with health problems since 2004, when he was treated for a pancreatic neuroendocrine tumor -- a rare but not necessarily deadly form of cancer. In 2009, he took a six-month leave of absence during which he was treated for cancer in Switzerland, according to former Apple director Jerry York, then received a liver transplant in Tennessee. Apple's Jobs to Take Medical Leave. Updated Jan. 18, 2011 12:01 a.m.
ET Steve Jobs, who has battled pancreatic cancer and received a liver transplant, is taking another unexpected leave from running Apple Inc., aapl +0.73% Apple Inc. U.S.: Nasdaq $571.94 +4.17 +0.73% April 25, 2014 4:00 pm Volume (Delayed 15m) : 13.67M AFTER HOURS $571.08 -0.86 -0.15% April 25, 2014 7:59 pm Volume (Delayed 15m): 272,987 P/E Ratio 13.59 Market Cap $492.66 Billion Dividend Yield 2.30% Rev. per Employee $2,187,330 04/26/14 HTC Design Chief to Step Down 04/25/14 Apple Will Fix Faulty iPhone 5... 04/25/14 U.S.
Some Possible Insight Into Steve Jobs' Condition From Someone Who Probably Knows. At the DLD conference in Munich yesterday, a panel of folks were asked to play a word-association game.
The moderator, Kara Swisher, threw out a stream of topics, and the panelists were asked to provide a one-word reaction to each. Kara worked through a number of topics--"Facebook," "Rupert Murdoch," "Google," etc. Then she came to "Steve Jobs. " The first response, from Jim Breyer of Silicon Valley-based Accel Ventures, was "sad. " Given all the other adjectives that jump to mind when you think about Steve, this one was striking.
As best we can tell, the emerging consensus of high-level folks in the Valley is that Steve isn't coming back. Silicon Valley folks are "keeping their fingers crossed," as another Valley veteran, Reid Hoffman, put it on the same panel yesterday. STEVE JOBS GOES ON MEDICAL LEAVE OF ABSENCE. Apple CEO Steve Jobs is going on a medical leave, the company announced.
"At my request, the board of directors has granted me a medical leave of absence so I can focus on my health," Jobs said in an email to Apple employees. The Wording Of Steve Jobs' Email To Apple Staff Is Not Encouraging. Apple has not elaborated on the reasons for Steve Jobs' medical leave, and it probably won't unless/until it has to.
As a result, those who care about the company and Steve can be forgiven for wondering how serious Steve's condition is and for looking for clues about this in every communication. In this vein, in our opinion, the wording of one sentence of Steve's email to Apple staff is not encouraging: I love Apple so much and hope to be back as soon as I can. In our opinion, those are not the words of someone taking a short leave who is confident he will be back at the company soon (or ever). Rather, in our opinion, they read like the tragic, heartfelt sentiments of someone who thinks he might never be coming back.
Importantly, last time Steve wrote a memo to Apple staff about taking a medical leave, his tone and wording were quite different. Steve Jobs To Take ‘Medical Leave Of Absence’, Stays On As CEO. Apple CEO Steve Jobs has just announced that he is taking a medical leave of absence according to a release issued by the company today.
Here’s the email memo Jobs sent to Apple employees today. Team,At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.Steve While it’s unclear what the reason is for the medical leave, Jobs’ previous medical history includes Pancreatic cancer as well as a liver transplant.
University of Illinois Medical Center:Health Library. Home Services Find a Doctor Patient Tools Health Library Medical Professionals About Us Diseases and Conditions Surgical Procedures Lab Tests Symptoms Nutrition Special Topics Anatomy Explorer BMI Calculator Health IQ Ready When You Are Resources Newsletter Register Symptom Manager Video Library CME Exercise Calculator Calorie Lookup Allergies & Asthma Arthritis Back Pain Bone, Joint & Muscle Cancer Diabetes Eye Headache Heart HIV/AIDS The New You Parenting Womens Health Alternative Medicine Before Your Visit More... Copyright 1998-2005. Discovery Communications Inc. All Rights Reserved. biliary atresia, an obstruction of the bile ducts caused by their failure to develop normally before birth.
Steve Jobs Went To Switzerland For "Unusual" Radiological Treatment In 2009. Apple has not elaborated on whatever is ailing CEO Steve Jobs, who announced yesterday that he would take his second medical leave in 2 years.
But Fortune contributor Doron Levin reports new information today about Jobs' previous leave in 2009. In addition to Jobs' liver transplant in Tennessee, he also "took an unpublicized flight to Switzerland to undergo an unusual radiological treatment at the University of Basel for neuroendocrine cancer," according to Jerry York, a former Apple director who died in 2010. 5 Facts About Apple Chief Steve Jobs' Health. How Steve Jobs Got Sick, Got Better, And Decided To Save Some Lives. We published a version of this story last spring, when the organ donor law cleared the California state senate's health committee.
Yesterday, California Governor Arnold Schwarzenegger signed into law a bill that will make California the first state in the nation to create a live donor registry for kidney transplants. The bill also requires California drivers to decide whether they want to be organ donors when they renew their drivers' licenses. According to one notable supporter, this second measure alone should double the number of organ transplants available in California. Apple's Jobs to Take Medical Leave. Updated Jan. 18, 2011 12:01 a.m. ET Steve Jobs, who has battled pancreatic cancer and received a liver transplant, is taking another unexpected leave from running Apple Inc., aapl +0.73% Apple Inc. U.S.: Nasdaq $571.94 +4.17 +0.73% April 25, 2014 4:00 pm Volume (Delayed 15m) : 13.67M AFTER HOURS $571.08 -0.86 -0.15% April 25, 2014 7:59 pm Volume (Delayed 15m): 272,987 P/E Ratio 13.59 Market Cap $492.66 Billion Dividend Yield 2.30% Rev. per Employee $2,187,330 04/26/14 HTC Design Chief to Step Down 04/25/14 Apple Will Fix Faulty iPhone 5... 04/25/14 U.S.
Appeals Court Issues Mixe... More quote details and news » aapl in Your Value Your Change Short position raising uncertainty over his health and the future of the world's most valuable technology company. In a Monday morning email to Apple employees on a federal holiday, Mr. Living in Steve's House As you've probably heard, Apple announced this Monday that for... I believe all the pundits who think Steve is going away in the near-term are seriously off the mark and don't understand Mr.
Jobs (or Apple) as well as they think they do. Steve Jobs will unquestionably stay involved with Apple Inc. for as long as possible. And to the greatest level of involvement that his health allows. This man is more passionate about Apple -- and if not the corporate entity, then at least the "mission" the company is on, "to make great products" -- than most of us can imagine. I suspect his current sabbatical is to visit yet another "world class" treatment facility, to deal with another complication to his health (such as the resurgence of a past ailment).
Even if these pundits have trouble agreeing with me, I believe all the proof they need comes in the form of the company not naming Mr. That is, after he gets this over this latest set of health hurdles. Steve Jobs medical leave: Apple CEO's health leave roils Silicon Valley - latimes.com. Reporting from Los Angeles and San Francisco — The latest health scare for Apple Inc. Chief Executive Steve Jobs is raising sobering concerns for a company basking in a string of hit products that have helped make it the world's most valuable technology enterprise.
FOR THE RECORD: Steve Jobs: In the Jan. 18 Section A, a graphic with an article about the latest health scare for Apple Inc. Report: Steve Jobs Is In The Office Today. Perhaps it’s because I’m stuck in a Munich hotel with the flu, but this most recent round of rumors about Steve Jobs undergoing surgery today is annoying me more than normal. The entire report is based on something someone heard someone else say at a party. That kind of stuff is fine when it’s a funding rumor and the flimsiness of it is disclosed. Steve Jobs takes health leave (video) Loaded: Steve Jobs takes health leave. Steve Wozniak Talks About Steve Jobs' Health. APPLE EARNINGS PREVIEW: Steve Jobs' Health Could Overshadow Monster Quarter. Asa Mathat, All Things Digital Apple will likely report another blowout Christmas quarter this afternoon when it reports Q1 results. But the focus of everyone's attention won't be on that, or on Apple's guidance, which could be especially strong this time around.
(Join us HERE for live coverage, beginning at 4 p.m. ET.) CHART OF THE DAY: Apple's REAL Earnings Expectations. Want to get the Chart Of The Day a day earlier? Sign up for our Chart of the Day email. Why Steve Jobs’ Latest Health Scare Should Worry Investors. Like it or not, the value of Apple’s (AAPL) stock today is tied in large part to the company’s charismatic and secretive co-founder and chief executive. When It Comes To Steve Jobs’ Health, One Thing’s For Sure: Wall Street Hates Uncertainty. Apple Analysts Heed Jobs's Privacy Call, Don't Ask About Health. Apple Crushes Earnings Amid Steve Jobs Health Concerns. Apple's holiday quarter outshines Jobs' plight. By Gabriel Madway SAN FRANCISCO Tue Jan 18, 2011 6:03pm EST. Apple Is Fine Without Steve Jobs, For Now... Associated Press. Everything You Need To Know About Tim Cook, Apple's COO.
Associated Press. Apple’s COO Bashes Android, Ignores Jobs' Health. Netgear CEO: Apple Doomed Because Of Closed Platform, Jobs' 'Ego' Tim Cook Is Running Apple, But Not Imitating Steve Jobs. Steve Jobs' Leave Should Have No Effect On iPad 2 And iPhone 5 Launches. iPad 2. Long Term Threats After Steve Jobs's 2009 Liver Transplant: Skin Cancer, Lymphoma, Infection. The Steve Jobs Play Will Open Despite His Illness. It's Time for Apple to End the Code of Silence. Sam Kim 김혜성: Steve Jobs and Kim Jong-il... Michael Ranola: Why #Steve #Jobs is so imp... Soumaila adamou: Steve Jobs On Medical Leav...