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Apple's COO Tim Cook to Leave Apple for HP?

When Steve Jobs left for his health issues, yes Cook took over. but... he didn't do everything the Jobs way. I heard he immediately made tons of changes at retail to cut costs and "streamline" the business. Other changes were being made elsewhere in the company. I believe many things had to get put back into order after Jobs came back. The company was made more "PC" and less Mac. something that had to get corrected by Jobs.

so... if Apple loses Cook... probably not a huge loss. and HP gets to get a very traditional PC business guy.

Remember, before Apple, Cook was a Compaq Resources VP and Reseller at another company. So...essentially Cook is the guy who killed off manufacturing for Apple in the USA and even the UK/Ireland.
 
http://blogs.barrons.com/techtraderdaily/2010/09/28/apple-cook-not-going-to-hp/?mod=yahoobarrons


Just another day in Palo Alto: Apple (AAPL) had a sharp gap down this morning, apparently as rumors circulated that Apple COO Tim Cook was going to be offered the top spot at Hewlett-Packard (HPQ), which continues to seek a replacement for Mark Hurd and which is holding its analyst day today.

Not true, says Gleacher & Co.’s Brian Marshall, who follows Apple. He called me a short while ago to say he’d just run into Tim Cook in Palo Alto, had coffee, and asked him about the rumor.

“Tim Cook will not be going to HP, he loves Apple,” Marshall tells me Cook told him.

(Cook had his iPad on him this morning, Marshall noted; no indication of what app(s) he was running.)

As for Research in Motion’s (RIM) “Playbook” tablet, unveiled last night, Cook thinks the company will mostly have success among its installed base of BlackBerry customers. He projects 50 million tablet computers of various stripes being sold next year, and says that Apple will probably get consumers’ dollars “9 times out of 10.”

Despite a feature list that’s long for the Playbook — front-facing camera, Flash support — “which is the more productive device?” asks Marshall. He thinks the iPad is, as well as being the device consumers actually crave owning. And the next iPad will be coming in Q1 of next year, he argues, likely with a front-facing camera for FaceTime video conferencing.

Marshall thinks the jury’s still out on the 7-inch form factor of the Playbook, and says Apple could do something in that area, but he sees the company continuing to focus on the iPad’s current form factor.

Apple shares this morning have regained some ground, now down $3.83, or 1.3%, at $287.33.
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WebOS is the best mobile OS in my opinion, leaving iOS and Android tied for 2nd place. Somebody with an "Apple" way of doing things can do some really cool stuff with that OS.
 
lkrupp said:
Stock price manipulation at its very best. Jim Cramer has repeatedly said Apple stock is the easiest and most manipulated one out there.
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Yeah and if JIM CRAMER says it, it must be true, right?
*facepalm*

Jim Cramer, the guy who got torn apart by renowned business super-expert Jon Stewart in a legendary interview.
 
mdntcallr said:
When Steve Jobs left for his health issues, yes Cook took over. but... he didn't do everything the Jobs way. I heard he immediately made tons of changes at retail to cut costs and "streamline" the business. Other changes were being made elsewhere in the company. I believe many things had to get put back into order after Jobs came back. The company was made more "PC" and less Mac. something that had to get corrected by Jobs.
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What are your sources on that? Pretty much everything else points in the direction that Jobs and Apple was very satisfied with his work. http://www.marketwatch.com/story/apple-gives-tim-cook-5-million-bonus-plus-stock-2010-03-12 not the least.
 
mdntcallr said:
When Steve Jobs left for his health issues, yes Cook took over. but... he didn't do everything the Jobs way. I heard he immediately made tons of changes at retail to cut costs and "streamline" the business. Other changes were being made elsewhere in the company. I believe many things had to get put back into order after Jobs came back.
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And you really believe that SJ wasn't the ultimate decision maker during his sick leave? As controlling as he is? You know nothing. If Cook had done ONE THING against SJ's way of running the business, he would've been fired in no time.

So please, enlighten us how you came to believe that Cook made "tons of changes" that were not in SJ's intention and were subsequently "put back into order" after SJ came back.
 
Stock manipulation.
 

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Shorting AAPL?? Nope...

One would probably not just short the stock to make a quick profit. It is far to risky of a strategy for something like this. Also, it would be hard to time. An event like this if true would have a longer term impact than just a few minutes, if this were true, shorting would be an ok option.

More likley they would buy puts (and may hedge risk by purchasing a few share to cover contract cost) giving the potential for quick and huge net profits.

The REAL reason for AAPL being down today, well a couple of reasons:
1. Consumer confidence report is weighing on the nasdaq (ETS control so much of market movement these days)
2. The stupid blackberry thing (most inv bankers think rim is major still a challenger in the market place)
 
Westside guy said:
You never know with these big business types; but given HP's rocky history with regard to CEO it's hard to fathom somebody leaving Apple for HP.
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Its also about stock price, a big part of the wealth for CEO's is a rising stock price. Its easy to see Apple at a peak price and HP having lots of room to grow, we're not talking about a few bucks here.
 
Bonte said:
Its also about stock price, a big part of the wealth for CEO's is a rising stock price. Its easy to see Apple at a peak price and HP having lots of room to grow, we're not talking about a few bucks here.
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everyone said google was at a price peak when it first hit $200.
 
JeffDM said:
I know Apple detractors like to points out drops, pretending the fault lies somewhere in Apple's camp even when if it's a market-wide condition, but the Apple enthusiast sites too?
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Well, there is general market conditions, and there is idiot traders reacting like crazy to the most unsubstantiated rumours. So I'd say some of the drop was Apple-related, but only in that it was Apple-related rumours. The fault obviously doesn't lie in Apple's camp, but in those traders and in the scumbags publishing false rumours.
 
mdntcallr said:
When Steve Jobs left for his health issues, yes Cook took over. but... he didn't do everything the Jobs way. I heard he immediately made tons of changes at retail to cut costs and "streamline" the business. Other changes were being made elsewhere in the company. I believe many things had to get put back into order after Jobs came back. The company was made more "PC" and less Mac. something that had to get corrected by Jobs.

so... if Apple loses Cook... probably not a huge loss. and HP gets to get a very traditional PC business guy.

Remember, before Apple, Cook was a Compaq Resources VP and Reseller at another company. So...essentially Cook is the guy who killed off manufacturing for Apple in the USA and even the UK/Ireland.
Click to expand...

That must have been why Apple gave him such a large bonus for his work during that time.
 
giosaccone said:
Tim Cook MUSTN'T leave Apple :mad:
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Why do you say that? Tim Cook is neither the visionary nor the strategist that has driven Apple to the success we all know. I would be more disappointed if Ives left - the cool factor of his designs is a big plus.

Cook, IMHO, is little more than a placeholder.

Steve's talent and vision and innovation and attention to detail will be very hard to replicate by any single individual.
 
Cynicalone said:
Seems like a dumb rumor.

Why would anyone leave Apple for HP?
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To get away from dictator known as Steve Jobs.

I have read multiple times Steve Jobs is a horrible person to work for. If he is on campus you try to avoid him because he has been known to fire people for no reason. Get in his way you are fired.
 
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