Tim Cook posts
Feed
Apple Inc. (NASDAQ: AAPL) announced today that its CEO and co-founder, Steve Jobs, is back at work following a five-and-a-half month medical leave for a liver transplant.
Now that Apple, Inc.'s (NASDAQ: AAPL) biggest day of 2009 is officially over, co-founder and CEO-on-leave Steve Jobs did not make an appearance. Although he's scheduled to come back to his day-to-day duties at Apple at the end of this month, some thought he may pay a visit to Apple's worldwide developer's conference to kick off a new iPhone or any other iDevice. It didn't happen, and Apple hasn't even told the world if plans for Jobs to return in a little over two weeks are still on track.Continue reading Could Apple's (AAPL) Tim Cook become the permanent CEO soon?
Apple Inc. (NASDAQ: AAPL) new Chief Executive Tim Cook seems the type who enjoys lurking in the background. For years, he has quietly but effectively undertaken some of Apple's biggest jobs including running the Macintosh business while allowing co-founder Steve Jobs to bask in the spotlight. With Jobs going on leave, Cook will have to step in front of the curtain again.
Well it turns out that Steve Jobs is going to have to spend a bit more time than he thought dealing with his "hormonal imbalance." It pains me to write this, but Jobs is taking a leave of absence from Apple Inc. (NASDAQ: AAPL) CEO's slot until June -- at the earliest -- and his chief operating office, Tim Cook, will take over as CEO in the interim.
I don't know how it turned out that Jobs needed to spend more time than he previously thought dealing with his hormonal imbalance. But I really hope he recovers and can return to the company in June. Unfortunately, investors do not have enough information to know whether there is any chance of this really happening.
In the meantime, they will have half a year to see whether Tim Cook can carry the Apple on his head. In after-hours trading, Apple stock is plunging -- down at least 8%.
Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in the securities mentioned.
Apple (NASDAQ: AAPL) has been on the rise today, as renewed enthusiasm over future iPhone sales has brought buyers into the stock, pushing shares up $7.67 to $130.63, or 6.2% .Continue reading Apple (AAPL) confident it would hit its 2008 iPhone targets
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 114 | 0 |
| 2 | Tom Johansmeyer | 99 | 0 |
| 3 | Steven Mallas | 51 | 0 |
| 4 | Connie Madon | 48 | 0 |
| 5 | Tom Taulli | 46 | 0 |
| 6 | Mark Fightmaster | 37 | 0 |
| 7 | Steven Halpern | 35 | 0 |
| 8 | Trey Thoelcke | 34 | 0 |
| 9 | Brian White | 24 | 0 |
| 10 | Paul Foster | 24 | 0 |
| 11 | Jon Ogg | 22 | 0 |
| 12 | Brent Archer | 22 | 0 |
| 13 | Jim Cramer | 21 | 0 |
| 14 | Zac Bissonnette | 21 | 0 |
| 15 | Melly Alazraki | 21 | 0 |
| 16 | Eric Buscemi | 17 | 0 |
| 17 | Michael Fowlkes | 14 | 0 |
| 18 | Michael Shulman | 13 | 0 |
| 19 | Elizabeth Harrow | 11 | 0 |
| 20 | David Schepp | 9 | 0 |
Find out why more people track their portfolios on AOL Money & Finance then anywhere else.
Why is gold making a new high, trading at $1,118.00 per ounce?
Chasing Value: Ten stocks for 2010 -- Part 1 
Closing Bell: A six-day rally (AIG, REGN, M, MOT, PALM, RIMM)