Steve Jobs resigns from Apple

[Gringamuyloca 47]

SAN FRANCISCO (Reuters) - Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move that ended his 14-year reign at the technology giant he co-founded in a garage.

Wow.. it has been an 'extreme' year.. and it's only August! (Maybe I'm 'just' getting old?!)

[A Nonny Moose 8,261]

It is probably time for him to creep off into his mansion and die quietly. Poor Steve hasn't been well for several years, and probably finds his CEO duties beyond onerous now.

[TekindusT 3,809]

As far as I've heard on the news, he's only resigned as a CEO, but he'll keep being part of Apple's board of directors.

  Edited August 25, 2011 by TekindusT  

[Easy Bakes 253]

He very lucky to survive pancreatic cancer for this long. it a very virulent form that spreads fast.

[Yarahi 1,816]

As far as I've heard on the news, he's only resigned as a CEO, but he'll keep being part of Apple's board of directors.

He released an open letter to the board and anyone else interrested:

....I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

So yeah, you are correct!

[Eʟᴇᴍᴇɴᴛ 273]

Yeah apple's stock is just going to fall through the roof without Steve Jobs. He's basically Apples main PR guy. He gave apple such a distinct image which set them up quite nicely for good results in each quarter. Basically, without this guy Apple is probably going to be done for.

I'm not suggesting that Apple can't expect to see good results in the future, its just that its overvalued stock is probably going to start meeting reality quite soon. Anyway, not sure if anyone paid much attention but apple's stock fell a nice 7 points in after hour trading.

[Yarahi 1,816]

Yeah apple's stock is just going to fall through the roof without Steve Jobs.

You seem to be right about that... just check out Marketwatch.com

Down about 8 points @ the moment

  Edited August 25, 2011 by yarahi  

[Eʟᴇᴍᴇɴᴛ 273]

Yeah apple's stock is just going to fall through the roof without Steve Jobs.

You seem to be right about that... just check out Marketwatch.com

Down about 8 points @ the moment

Yeah, Its about -10 now. Its been averaging about -1 point per hour in pre market trading.

[A Nonny Moose 8,261]

Yeah apple's stock is just going to fall through the roof without Steve Jobs.

You seem to be right about that... just check out Marketwatch.com

Down about 8 points @ the moment

Yeah, Its about -10 now. Its been averaging about -1 point per hour in pre market trading.

Well if it is falling through the roof, it is on anti-gravity. With Apple, nothing surprises me.

[jacksunny 741]

Apparently it has dropped 5% since the markets opened.

[A Nonny Moose 8,261]

Apparently it has dropped 5% since the markets opened.

The North American markets have been open now for 3 minutes. Which exchange recorded this drop?

[jacksunny 741]

It dropped 5% overnight in New York and 4.5% this morning in Frankfurt.

  Edited August 25, 2011 by jacksunny  

[A Nonny Moose 8,261]

UK markets.

Probably only an adjustment. When it bottoms, it would be a good buy.

[jacksunny 741]

UK markets.

Probably only an adjustment. When it bottoms, it would be a good buy.

Sorry, bad info. It only dropped 4.5% in UK. It dropped 5% overnight in New York.

[TekindusT 3,809]

Yeah apple's stock is just going to fall through the roof without Steve Jobs. He's basically Apples main PR guy. He gave apple such a distinct image which set them up quite nicely for good results in each quarter. Basically, without this guy Apple is probably going to be done for.

Couldn't agree more with this statement. Steve Jobs was the advertisement for the iStuff and it worked as a charm. In my personal case, I tend to watch on YouTube his presentations even though I can't afford the presented products (I own a second generation nano which still works) but this man makes you want, makes you love the iStuff. When the presentation is over, I need his product. Don't know how it happens, but it happens. I don't buy it just because I can't afford it, but I want it.

This is why I believe that Apple won't be the same without him in the lead.