According to Apple, Jobs is going to be working a few days a week at the company's headquarters, and working from home the remainder of days.
In January, Jobs announced that he was suffering from a hormone imbalance, but not even two weeks later he admitted that his condition was more severe and that he would be taking a leave of absence until the end of June. We later learned that Jobs was actually in need of a liver transplant.
The transplant was done by the Methodist University Hospital Transplant Institute in Memphis, Tenn., which said that Jobs had indeed had a liver transplant, and was recovering nicely with a good prognosis.
Having Jobs back at work is definitely good news for Apple. Since assuming the lead role in 1997, Jobs has transformed Apple from a niche computer company into a major player in not only computers, but mobile music devices (the iPod) and cell phones (the iPhone).
While Jobs has been on his medical leave, the company's COO Tim Cook has been running the company, and received high marks for the job he has done.
The most recent product launch, the iPhone 3G S, reportedly sold one million units on its first weekend alone.
What Jobs really brings to Apple is vision. While his return to the company will probably not change things too much for the company in the near term, it is his long term vision that is really vital for the company. With Jobs back at work, investor confidence in the company's three- to five-year road map should get a boost.