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A neighbour of mine is a very successful Mutual Fund manager who has made billions for his clients (and millions for himself) through informed investing. A few years ago I asked him why he never bought into Apple. He admitted that they were doing phenomenally well but in his well-researched opinion, Apple (the company) was much too dependent on Steve Jobs (the man) like no other company was dependent on its CEO. Prescient words in 2004. I hope that Steve regains his full health quickly (eat a freakin' double-cheeseburger, Steve!) but I also hope that he's spent as much time on his own succession-planning as he has on the new Mac mini. :apple:
 
Well, he clearly didn't want to talk about his health, but came to the conclusion that he should and that was indeed the right decision for everyone. His last little sentence exposes his dislike of this public process and be may be a little bitter about it still. In time, though, he will realize that this was necessary and he will feel good about it.

I have high regard for people who do the right thing when it is difficult for them to do so.

So, thanks Mr. Steve, and best of luck.
 
Steve, I am with you!!! Let the God help you to get better quickly! I hope all the roumors will stop! Best wishes, and quick recovery!!! You are the Man!!!
From Russia, St.-Petersburg
 
As a person, Steve Jobs should have private health, but

he is the dominant leader of one of the best technology companies. Therefore, like a politician, etc, his health impacts all Apple investors and product purchasers.

It's a part of public life. Deal with it.
 
Glad he got it figured out. Hope he has a speedy recovery and enjoys the time with his family.
 
If you want to be really "old school" then you would capitalise seasons, as that is how it is done in the United Kingdom, you know, where the language originated...

Just being pedantic, if I cause offense by this then I am minuspeptic, frasmotic, even compunctuous to have caused you such pericabobulation.

I'm betting those words mean you don't floss, brush, or see a dentist regularly.

...he made those words up :rolleyes:

...although admittedly I did do a quick Google search to double-check that :p.
 
Because Apple No Longer Care About Macworld?

If the explanation is so innocent, why isn't he keynoting? Maybe it's implicit that his health isn't the best and that having Schiller do the keynote is a continuation of him giving up more and more control as time goes on, not because of acute illness but because of a general knowledge that he seems to have a propensity toward illness at this stage of his life.

Apple has already said they're not planning on participating in future Macworld events - why should he give the keynote given that plan.
 
Are you an apple shareholder?

It's my business because it affects my wallet, and it's my business if they are lying to the public or intentionally withholding information which affects my ability to invest wisely. Certain positions in society involve giving up certain amounts of privacy, that is just reality.

Let me propose this to you: what if Jobs did have recurrent cancer (I don't believe he does) and the board knows it and allows release of fraudulent information because they don't want the stock to tank. according to your line of thinking that's perfectly OK because he has a right to privacy. According to my line of thinking that's fraud, and stockholders have a right to be upset.

Again, there is no "apple" as an organism, there are only shareholders who own the company and the board has a responsibilty to protect our interests.

Yes, I am a shareholder and have been for about 12 years. Your reasoning is problematic. "Again", Apple is a CORPORATION---it is indeed an "organism", an entity, registered, paying taxes, selling products, hiring people and everything. There is NO LEGAL REQUIREMENT for health disclosure, period. It does not matter if Jobs has cancer or chickenpox, it's a corporation. You are investing in the corporation, not Steve Jobs Inc. Steve Jobs has a legal job description in the organization, with legal responsibilities, and that's it. He is NOT the corporation. Do you not see this?

Further, you cannot hold Apple's Board, or any corporation's board, liable for ups and downs in the stock market---stocks are by definition volatile and acted upon by forces far outside the ability of any board or corporate employee to control. Don't play if you can't pay; buy municipal bonds or treasuries instead. You have no legal cause of action, and you have no evidence whatsoever that Apple's board has acted illegally or even unwisely. IT IS NOT FRAUD. Your alleged stockholder's "right" does not exist, and there is no statute preventing you from being "upset". I'm sorry if your mommy told you that you were entitled to never have hurt feelings or be disappointed; life is hard.
 
This is ridiculous - everyone has lost their perspective on this - especially those who CLAIM to be shareholders - which I just don't believe - oh I believe they may be stock market manipulators, traders but they couldn't give a toss about Steve Jobs, Apple, the future or Apple or it's products other than how they can make money out of it - and in this respect they are the same as the people who crashed the markets a few months ago.

BECUASE...anyone genuinely in Apple for the long term becuase they believe in Apple would hold the following view ;

If Apple enjoys another 6, 12, 24, 48, 96, etc months of Steve Jobs at the helm then it's substantially better than 6, 12, 24, 48, 96 etc months WITHOUT him - ESPECIALLY if your a shareholder...becuase WE all know Apple is going to lost 30% of it's value on that day - we've ALWAYS know that - for at least 4 years...that's the deal - it's why Apple is great today and is STILL in business today and is successful today and will be tomorrow...


So let's cut the bullcrap here and I really think Steve Jobs deserves a little basic human sympathy from the bunch of cutthroat ruthelss bast*rds posting in this thread.

P.S Steve Jobs isn't responsible for Apple diving from $180.00 to $90.00 - that would be YOU PEOPLE and your stock market manipulation antics...
 
Yes, I am a shareholder and have been for about 12 years. Your reasoning is problematic. "Again", Apple is a CORPORATION---it is indeed an "organism", an entity, registered, paying taxes, selling products, hiring people and everything. There is NO LEGAL REQUIREMENT for health disclosure, period. It does not matter if Jobs has cancer or chickenpox, it's a corporation. You are investing in the corporation, not Steve Jobs Inc. Steve Jobs has a legal job description in the organization, with legal responsibilities, and that's it. He is NOT the corporation. Do you not see this?

Further, you cannot hold Apple's Board, or any corporation's board, liable for ups and downs in the stock market---stocks are by definition volatile and acted upon by forces far outside the ability of any board or corporate employee to control. Don't play if you can't pay; buy municipal bonds or treasuries instead. You have no legal cause of action, and you have no evidence whatsoever that Apple's board has acted illegally or even unwisely. IT IS NOT FRAUD. Your alleged stockholder's "right" does not exist, and there is no statute preventing you from being "upset". I'm sorry if your mommy told you that you were entitled to never have hurt feelings or be disappointed; life is hard.


Just so I'm not mistaking you, I am understanding you to say that a BOD and CEO can purposefully mislead the public with regards to the health of its CEO and there is no breach of its duty to shareholders? That has nothing to do with the volitile nature of the market, it's called FRAUD. It's only volitile nonsense if there is NOT something they're hiding :)

Life -is- hard, and that is also true for directors which have responsibilities beyond collecting their fat paychecks. It's one reason they have insurance to protect themselves against suits if they fail in their duties. they do NOT represent apple, they represent shareholders, as I'm sure you know.

As to rolling with the punches, I've increased stock exposure aggressively in the last quarter and am currently 90% in equities - I may be foolish for doing so, but I don't think you can accuse me of being a squeemish investor :)

tone down the anger please, I've heard it affects your hormones.
 
Yes, I am a shareholder and have been for about 12 years. Your reasoning is problematic. "Again", Apple is a CORPORATION---it is indeed an "organism", an entity, registered, paying taxes, selling products, hiring people and everything. There is NO LEGAL REQUIREMENT for health disclosure, period. It does not matter if Jobs has cancer or chickenpox, it's a corporation. You are investing in the corporation, not Steve Jobs Inc. Steve Jobs has a legal job description in the organization, with legal responsibilities, and that's it. He is NOT the corporation. Do you not see this?

Further, you cannot hold Apple's Board, or any corporation's board, liable for ups and downs in the stock market---stocks are by definition volatile and acted upon by forces far outside the ability of any board or corporate employee to control. Don't play if you can't pay; buy municipal bonds or treasuries instead. You have no legal cause of action, and you have no evidence whatsoever that Apple's board has acted illegally or even unwisely. IT IS NOT FRAUD. Your alleged stockholder's "right" does not exist, and there is no statute preventing you from being "upset". I'm sorry if your mommy told you that you were entitled to never have hurt feelings or be disappointed; life is hard.
I think you need to look into a little rule know as 10b-5
 
Apple has already said they're not planning on participating in future Macworld events - why should he give the keynote given that plan.

Because it's a show and Steve's the star. How would you feel if you paid money to see your favorite performer in concert then find out at the last minute that only the opening act is showing up?
And yes, we do pay to attend Macworld as I am attending tomorrow.
 
What's with all the indignation over speculation in this thread? This is a rumours site, speculation is part of the deal.

No indignation here - just curious as to what you'd based your speculation on, as I didn't see any evidence of what you're suggesting in the letter.
 
This is ridiculous - everyone has lost their perspective on this - especially those who CLAIM to be shareholders - which I just don't believe - oh I believe they may be stock market manipulators, traders but they couldn't give a toss about Steve Jobs, Apple, the future or Apple or it's products other than how they can make money out of it - and in this respect they are the same as the people who crashed the markets a few months ago.

I don't get what you're saying. You think because I bought some Apple stock to support a company I like, I am some how manipulating Apple share prices. I bought the stock because I have confidence Apple will grow and continue to take Microsoft's personal computer market share. I don't understand how you can make a blanket statement like that, I had nothing to do with the market crashing, and Apple stock going down. I've lost a bunch of money with Apple stock, but I am not selling because I like the company and have confidence in them.
 
What utter and unpleasant nonsense!

I fully appreciate that this is a forum in which rumours are discussed but, my goodness, this thread is in parts really quite outrageous.

Amongst the many good natured and generous messages of support, there are some which are so nauseatingly nonsensical, so self-centred and so utterly devoid of either decency or utility that they quite take my breath away.

Perhaps some contributors fully intend to inflame the situation by deliberately posting extreme views. Well, I admit that, in my case at least, they've succeeded.

I do not know Mr Jobs. Indeed, I know very little about him. I merely own a Mac and admire the company. However, as a decent human being, I gladly join with the many others who wish Steve well.

As for the rest; the wild speculation about boardroom lies, corporate fraud, illegal activity, impending death, etc., and the microscopic dissection of Mr Jobs' letter - it's exactly that, wild speculation. And much of it downright unpleasant.

I fully admit to an interest in rumours. That's why I read this site. But I do like to think that those engaged in speculation are perhaps more informed than I am, and that perhaps the speculation has some reasonable basis in fact. But in this case ... well, really!
 
Jobs missed the chance to resign by the end of 2008. With the economy crisis hitting Apple in Q1/Q2 2009 he will probably be forced to step down by the shareholders and it might get much more ugly than if he did resign by himself.
 
I fully appreciate that this is a forum in which rumours are discussed but, my goodness, this thread is in parts really quite outrageous.

Amongst the many good natured and generous messages of support, there are some which are so nauseatingly nonsensical, so self-centred and so utterly devoid of either decency or utility that they quite take my breath away.

Perhaps some contributors fully intend to inflame the situation by deliberately posting extreme views. Well, I admit that, in my case at least, they've succeeded.

I do not know Mr Jobs. Indeed, I know very little about him. I merely own a Mac and admire the company. However, as a decent human being, I gladly join with the many others who wish Steve well.

As for the rest; the wild speculation about boardroom lies, corporate fraud, illegal activity, impending death, etc., and the microscopic dissection of Mr Jobs' letter - it's exactly that, wild speculation. And much of it downright unpleasant.

I fully admit to an interest in rumours. That's why I read this site. But I do like to think that those engaged in speculation are perhaps more informed than I am, and that perhaps the speculation has some reasonable basis in fact. But in this case ... well, really!

+1 :)
(Get well soon Steve so we can have the next iPhenomenon)
 
Wrong. The CEO has an obligation to run the company, but the board has an obligation to shareholders. And since it's painfully obvious that SJ's health has a direct impact on share price (if he died tomorrow, what do you think would happen?) then they have an obligation to keep us informed on signficant medical issues.

I don't care if he's constipated or has a cold, but when the iconic CEO of a major technology company is mysteriously losing weight after cancer, then "it took a year for my doctors to discover this" does NOT cut it.

I will further comment that I find it stretching the limits of credulity to believe that a man of his wealth could not find a doctor in the last year to diagnose what apparently is a "hormone problem." Any univeristy level endocrinologist is well familiar with these types of issues. I'm not buying it unless he specifically was avoiding recommended care and testing, which wouldn't suprise me given how he handled the initial diagnosis. In that case, again we shareholders have a right to know.

my wife went to 3 different hospitals, and dozens of specialists due to being sick and losing weight (she was down to 90lbs from 112) this went on for almost a year. we were freaking out... cancer, some rare disease, none of the doctors could find anything. talk about a scare. she was violently ill and could not keep food down for months... at one point we were thinking the worst...

yes it took a year and a dozen doctors to figure out she had celiac disease.

and to this day we are thankful that 1 specialist out of dozens was the only one to even think about testing her for celiac (the sprue).

after cutting gluten and wheat out of her diet, she was fine in a matter of a week and a half...

so taking a year to discover something is a reality for some of us... that is why they call it "practicing" medicine. doctors are not the "all knowing" beings you seem to think they are.
 
It does not say that Jobs had Schiller deliver the keynote due to his health, nor can that be reasonably inferred.

If you disagree, point out to me the exact language that says Jobs is not giving the keynote because of his health.

Of course it can be reasonably inferred. "A few weeks ago, I decided that getting to the root cause of this and reversing it needed to become my #1 priority." When did Apple make the announcement that Jobs would not be making the Macworld keynote? December 16.

Anyway, get well soon Steve.

And when you do get well, rethink Firewire on the Macbooks. ;)
 
Sounds to me like the cancer is slowly returning...

Hormone Imbalance

“I have given more than my all to Apple for the past 11 years,” Jobs wrote in the letter, which was addressed to the “Apple Community.” “Now I’ve said more than I wanted to say, and all that I am going to say, about this.”

Jobs said in 2004 he had undergone surgery for a form of pancreatic cancer called islet cell neuroendocrine tumor. Neuroendocrine tumor is less common than typical pancreatic cancer, which kills more than 30,000 people in the U.S. annually, doctors said.

The pancreas contains islet cells, which make the hormones insulin and glucagon, helping keep blood sugar levels within a normal range, said Raji Annaswamy, an endocrinologist at Harvard Medical School in Boston. Neuroendocrine islet cell tumors can cause overproduction of either one, or other powerful hormones such as somatostatin or gastrin, which are involved in digestion.

Slow-Growing Tumors

“An imbalance in any of these hormones might lead to weight loss because of abnormalities in glucose and protein metabolism,” she said.

Tumors such as the one Jobs was thought to have are usually slow-growing, compared with typical pancreatic cancers that originate in the organ’s lining, said Simon Lo, director of the pancreatic and biliary diseases program at Cedars-Sinai Medical Center in Los Angeles. Patients whose cancer is diagnosed early and removed may live 10 years or longer, he said.

“It all depends on how aggressive the tumor is and how early it’s treated,” Lo said in a telephone interview. “Ten years is not unheard of, but that doesn’t mean that most people live 10 years.” / Bloomberg News
 
I don't get what you're saying. You think because I bought some Apple stock to support a company I like, I am some how manipulating Apple share prices. I bought the stock because I have confidence Apple will grow and continue to take Microsoft's personal computer market share. I don't understand how you can make a blanket statement like that, I had nothing to do with the market crashing, and Apple stock going down. I've lost a bunch of money with Apple stock, but I am not selling because I like the company and have confidence in them.

well then you can rest assures that your not one of them are you...like me you believe in Apple and are very grateful that Steve Jobs cares so passionately about Apple and dedicates himself to it and UTTERLY dread the day that he resigns not for any reason relating to stock market values but because it may spell the end of all this great tech that he's made possible, and like me you probably sincerely hope that lunatic day traders and so on do not create so much hysteria or stock price instability through lies and speculaiton that they force Steve or the board into making an otherwise unnecessary decision...

I'm just saying there are a lot of companies in this world that would dearly love NOT to have Steve Jobs at the helm of Apple and I imagine some of those people who represent their interests are posting in this forum...and that they maybe lack basic human compassion..

that's all...
 
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