Jobs resigns from Apple... again.
08-24-2011, 07:38 PM
#1
Elite Member
Thread Starter
iTrader: (37)
Join Date: Apr 2010
Location: Very NorCal
Posts: 10,441
Total Cats: 1,899
Jobs resigns from Apple... again.
http://www.reuters.com/article/2011/...77N82K20110824
Something tells me he's not going to restart NeXt. This should get interesting...
"I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come," he said in a brief letter announcing his resignation.
Reply
0
0
08-24-2011, 07:44 PM
#2
Boost Pope
iTrader: (8)
Join Date: Sep 2005
Location: Chicago. (The less-murder part.)
Posts: 33,020
Total Cats: 6,588
AAPL is down 5.5% in after-hours trading (as of 7:42 eastern).
It's a bad time to be an Apple shareholder. Apple isn't Google- that company has become more and more focused on Jobs as a figurehead over the past decade and a half, and without him and his turtleneck sweater, the halo is going to fade quickly.
It's a bad time to be an Apple shareholder. Apple isn't Google- that company has become more and more focused on Jobs as a figurehead over the past decade and a half, and without him and his turtleneck sweater, the halo is going to fade quickly.
Reply
0
0
08-24-2011, 07:48 PM
#5
Elite Member
Thread Starter
iTrader: (37)
Join Date: Apr 2010
Location: Very NorCal
Posts: 10,441
Total Cats: 1,899
I know what you mean. I don't own any but when he previously announced his various ailments, the stocks dropped sharply each time. It will be interesting to see how deep the rabbit hole goes this time around.
Reply
0
0
08-24-2011, 07:54 PM
#7
Elite Member
Thread Starter
iTrader: (37)
Join Date: Apr 2010
Location: Very NorCal
Posts: 10,441
Total Cats: 1,899
http://www.reuters.com/article/2011/...7771O020110824
Perfect timing. The iPhone 5 release will ratchet it right back up as soon as its released. Brainy is right, probably never a better time to buy.
Apple's stock, which had been halted after hours, resumed trading at 6:55 p.m. and slid 7 percent. In regular trading, Apple had gained 0.7 percent to close at $376.18 and the S&P information technology index, which includes Apple as a component, had gained 0.8 percent during the session.
Analysts' opinions of the implications for Apple's future were mixed. Ashok Kumar of Rodman & Renshaw said it "is not a good sign" for Jobs to step down ahead of the highly anticipated release of the iPhone 5, while Jeffrey Fidacaro of Susquehanna Financial Group called it "a prudent move" to name Cook as Jobs' successor, adding that "it's nice to get a succession plan in place with Steve Jobs still at the helm of the board."
Analysts' opinions of the implications for Apple's future were mixed. Ashok Kumar of Rodman & Renshaw said it "is not a good sign" for Jobs to step down ahead of the highly anticipated release of the iPhone 5, while Jeffrey Fidacaro of Susquehanna Financial Group called it "a prudent move" to name Cook as Jobs' successor, adding that "it's nice to get a succession plan in place with Steve Jobs still at the helm of the board."
Reply
0
0
Thread
Thread Starter
Forum
Replies
Last Post
chris101
Miata parts for sale/trade
2
10-09-2015 09:08 AM
