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Old 08-24-2011, 08:38 PM   #1
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Default Jobs resigns from Apple... again.

http://www.reuters.com/article/2011/...77N82K20110824

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"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.
Something tells me he's not going to restart NeXt. This should get interesting...
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Old 08-24-2011, 08:44 PM   #2
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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.
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Old 08-24-2011, 08:46 PM   #3
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dude has been running it day to day since 1997. no biggie. good time to buy is all.
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Old 08-24-2011, 08:48 PM   #4
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I can haz $99 iPad2 firesale?
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Old 08-24-2011, 08:48 PM   #5
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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.
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Old 08-24-2011, 08:51 PM   #6
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I'm betting cancer is back, and he doesn't want to spend his last months making money for other people.
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Old 08-24-2011, 08:54 PM   #7
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http://www.reuters.com/article/2011/...7771O020110824

Quote:
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."
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.
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Old 08-24-2011, 10:36 PM   #8
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Maybe now apple will be price compe.... I wouldn't even finish typing that with out loling.
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Old 08-24-2011, 10:51 PM   #9
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I had a feeling it was perfect timing for a short on Apple.


AAPL

Bid 357.10

Ask 357.50

B/A Size 100X400

Last 376.18
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Old 08-25-2011, 01:09 PM   #10
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Old 08-25-2011, 01:28 PM   #11
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iResign.
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Old 08-25-2011, 01:54 PM   #12
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Stick with the 3-letter scheme after the "i" please. iRez.
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Old 08-25-2011, 02:01 PM   #13
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Making it rain on those ************* buying all their stocks as I type this
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Old 08-25-2011, 02:30 PM   #14
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Also posted the pic in the random pic thread.
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Old 08-27-2011, 09:00 AM   #15
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Old 08-27-2011, 02:05 PM   #16
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Quote:
Originally Posted by rmcelwee View Post
^ That has been 'shopped to ****.
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