Apple’s Jobs Taking Health Leave of Absence

Steve Jobs will be taking a leave of absence from his responsibilities as CEO of Apple, the computer giant, in order to focus more time on his health. Monday’s announcement comes as a surprise to many, but especially to investors in Apple, as Alexander Peterc, an equity analyst at Exane explained.

“It wasn’t expected. This will come as a surprise to Apple investors and definitely take some shine off the Apple stock.”

It is almost exactly two years since Steve Jobs’ announcement that he was taking a 6 month break in order to have a liver transplant.

Daniel Ernst, analyst for Hudson Square Research speculated that “This time around you have to question his ability to bounce back.”

Jobs himself said in an email to Apple employees: “I have great confidence that Tim (Cook, COO of Apple) and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011. I love Apple so much and hope to be back as soon as I can,” Jobs wrote.

About

Rachel Forsythe has a B.A. in English Literature and worked as an editor for a local weekly news magazine. She is now a stay-at-home mom, raising three younger boys and two older daughters. Her favorite activities are hiking, reading, traveling, bike riding, skiing in the winter and surfing in the summer. She also loves to cook. Be in touch with Rachel at Rachel[at]sunstoneonline.com

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