Apple’s stock not reacting well to Steve Jobs’ medical leave

5.2% decline the drop in Apple’s stock in the wake of yesterday’s announcement that Steve Jobs took medical leave
$19
billion the amount of market value that was erased in the wake of Jobs’ temporary departure source

» Not enough to kill their swagga: Apple shares are still up 66 percent over the last twelve months, and have a higher market capitalization than any other technology stock. So, even without Jobs, they’re still in a good financial position.

Posted by Ernie Smith • 0 Comments • Permalink

Stock markets don’t have hearts. They’re giant money machines that react to news in callous, cold ways that don’t appreciate the nuances of a person’s achievements. Which is why, when someone like Steve Jobs takes a medical leave of absence – which isn’t the big Apple announcement everyone had been expecting (wait a second, this isn’t shaped like an iPad 2!) – stocks go haywire. Fortunately, they timed the news on MLK day, so the New York stock market gets a bit of a breather. But other markets are still open today, and the futures market isn’t liking the news either. Some quick numbers for you kids:

7.5% Apple’s stock dip on the German stock market today after Jobs’ announcement
0.9%stock futures dip on the NASDAQ – THE ENTIRE THING – this morning after the announcement
0.3% stock futures dip on the S&P 500 – ALSO THE ENTIRE THING – after he dropped the bomb source

Posted by Ernie Smith • 0 Comments • Permalink

Dude’s been recovering from illness. WWDC is Monday. Hmm. Steve Jobs, who sent shockwaves through the industry by taking medical leave in January, could find himself in a position of boosting his own stock if, as reported this week, he appears at the Worldwide Developer Conference on Monday rather than returning at the end of June. A new iPhone launch is expected, and possibly more. We’re excited already. :D source

Posted by Ernie Smith • 0 Comments • Permalink

At least that’s what the Wall Street Journal says. Jobs, who took a medical leave in January (which immediately sent their stock tumbling initially), is apparently still running key parts of the company from home, even if he’s not so heavily focused on the day-to-day operations at the moment. He’s still on target for coming back in June, either way. source

Posted by Ernie Smith • 0 Comments • Permalink

Posted by Ernie Smith • 0 Comments • Permalink

Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well.
Steve Jobs • in a letter informing his staff that he’s taking a leave of absence from Apple until June. He also learned that his health problems were more complex than once thought. • source

Posted by Ernie Smith • 2 Comments • Permalink

18 Jan 2011 11:01