Steve Jobs has resigned

[Ilya]

Steve Jobs has resigned as CEO of Apple. Just heard on the news. Most likely health related.

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[RandallA]

Just saw it on Yahoo. Wow!

Steve Jobs Resigns as CEO of Apple - Yahoo! Finance

His health must be in bad shape.

 

[JAG72]

Steve Jobs Resigns as Apple CEO

I did not think that this would have happened so soon.

Steve Jobs Resigns as CEO of Apple - MarketWatch

 

[goaliebob99]

I just saw this too... Wow!

 

[vurbano]

wow

 

[vurbano]

Just saw it on Yahoo. Wow!

Steve Jobs Resigns as CEO of Apple - Yahoo! Finance

His health must be in bad shape.

thats my guess too.

 

[dfergie]

Yup, he didn't look that great the last appearance he made...

 

[rockymtnhigh]

Knew it was a matter of time, but did not think it would happen so soon.

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[isaacmorseMI]

Wow!

 

[JAG72]

He is now Chairman of the Board so he will still have a role even though it will be a different one.

 

[rockymtnhigh]

Here is the letter / press release:

Letter from Steve Jobs - New York Times

 

[Scott Greczkowski]

Got admit I am kind of shocked... I expected him to be there to announce the iPhone 5 next month.

 

[rockymtnhigh]

Got admit I am kind of shocked... I expected him to be there to announce the iPhone 5 next month.

Agreed.

 

[Ilya]

He wouldn't have made such a decision if he didn't have serious reasons...

 

[rockymtnhigh]

I think we all know his health is deteriorating, making this necessary; the real question is what is the impact. After hour trading has Apple down $20/share, but I think that's just knee-jerk; the question is about Apple innovation and approach to issues. The next year will be very interesting, for sure.

 

[TheForce]

Been watching the stock price nose dive to past months lows and flatten out in the wake of this announcement. Good opportunity for any who want to get into this before the stock bounces back to new highs as the company prepares to make that iphone5 announcement official. The timing was good but it doesn't mean Steve's appearances are over. He is still a cult leader and is still with the company as it Chairman of the Board. Would be nice to see both him and Cook take the stage on any next product announcement.

If you own Apple because you think Steve Jobs is a God then you better sell fast. If you own Apple because you believe the company is a good long term investment that will beat the market then buy in on these panic selloffs. Personally, I am a buyer at these prices and a 25% seller when the stock breaks $450.

I'd hope Cook can be more aggressive in acquisitions fore the near future. Put some of that cash to work. It was a weak area that Steve was not good at.

Mike-- the after hour trading was a computerized short selling fall. Notice how it leveled off at the past 5 week's lows. Let's see what happens tomorrow. Time to get your buy orders ready. I'd like to see the stock drop to $280 in a panic sell off tomorrow.

Tim Cook- the new face of Apple CEO:

 

[mperdue]

What Steve Jobs has done since returning to Apple is amazing. I wish him well and hope to see him continue his involvement with the company. I have every reason to believe that the team he put together to run Apple will continue to innovate and bring us new and better products.

 

[Scott Greczkowski]

I might have enough to buy one share.

 

[cybok0]

"In four months Steve Jobs will release a smaller resignation letter with a front facing camera."

 

[mikew]

Pancreatic cancer is the worst.