Sell your apple shares

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Steve Jobs has resigned as CEO of Apple in a letter to Apple's Board of DirectorsIn his letter, Steve requests to stay on as Chairman and appoints Tim Cook to be the new CEO. The requests must be approved by the board, which is all but assured.

Steve has been on his third medical leave of absence since January of this year.

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.

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.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

Steve
 
tim is no slouch. although not a painful perfectionist like steve is, he will steer apple well. don't worry, it's in good hands.
 
Or time to buy them while others sell them? Will Tim be another Balmer?
 
Or time to buy them while others sell them? Will Tim be another Balmer?

Or time to short AAPL while (1) Others buy AAPL, and (2) Insiders sell AAPL.
 
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Or time to buy them while others sell them? Will Tim be another Balmer?

Art Levinson, chairman of Genentech and an Apple board member for more than 10 years, issued this statement on behalf of the board:

Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company. Steve has made countless contributions to Apple's success, and he has attracted and inspired Apple's immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.
Jobs was diagnosed and treated for pancreatic cancer in 2004. He's taken three separate leaves of absence for medical reasons during and since that time. In 2009, Jobs had a liver transplant at Methodist University Hospital in Memphis, TN. He has been away from his day-to-day duties since January of this year.

Regarding Tim Cook's appointment as CEO, Levinson wrote:

The Board has complete confidence that Tim is the right person to be our next CEO. Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.
Apple's stock was paused in after-hours trading at 4:19PM for approximately 35 minutes. The final trade was at $375.56. When trading resumed at 4:55, Apple's stock was down more than 5% to $351.
 
Or time to short AAPL while (1) Others buy AAPL, and (2) Insiders sell AAPL.

2, sell sell sell

they are in war with samsung now, and later maybe other computer companies, if war is good, then 1.
 
It was hardly a surprise. We have known for a long time that Steve Jobs was ill and rumours of his impending departure have repeatedly rocked Apple's share price over the last couple of years. But the news that he was bringing down the curtain on his illustrious career was still greeted with shock.

After all this is the man who transformed the business he co-founded from an ailing also-ran into the undisputed champion of the technology industry - so it is natural to ask what Apple will be without Steve Jobs.

First of all, it is important to recognise that the company has hardly been treading water in the six months since its CEO went on medical leave. Just look at the share price. It started the year hovering just above $300 and in recent weeks climbed briefly above $400, making Apple the world's most valuable company.

We have also seen outstanding financial results and the successful launch of the iPad 2, which still has no substantial rivals in the new category of tablet computers. Remember, all this has happened under the leadership of Tim Cook, Apple's chief operating officer, who stepped into Steve Jobs' shoes for the second time back in January.

Now he has got the job on a permanent basis, and the buzz in Silicon Valley is that he is the right man at the right time. He has apparently been the absolute master of the supply chain - what sounds like a dull part of the Apple operation but is vital to the firm's success.

Tim Cook's career at Apple has been all about making sure that the process of manufacturing cutting-edge products and delivering them to consumers is done efficiently.

He is widely credited with delivering the outstanding margins on products like the iPhone and iPad which have in turn delivered the profits which make the business so wealthy.

It's not so clear that the new boss has his predecessor's instincts when it comes to how products should look and feel. But don't forget that the British design guru Jony Ive, who has masterminded the genesis of every new product since the iMac, is still on board. Together the two men could make a formidable team.

In the autumn, we can expect the launch of the iPhone 5, promising to extend Apple's dominance of the mobile phone industry, in terms of profits if not market share. Then another iPad will be coming along, probably early next year. So in the short term, do not expect the Apple ship to founder.

But something will be missing. Steve Jobs will not be there to unveil those new products - and "just one more thing" - in front of an adoring crowd of devotees. At the launch of the iPad 2, he said this about his company's philosophy:

"It's in Apple's DNA that technology alone is not enough. It's technology married with the liberal arts, married with the humanities that yields the results that make our hearts sing."

Somehow, you cannot imagine those words coming from Tim Cook. And will the new leader be quite as bold in taking Apple into uncharted territory, quite as confident that he knows what consumers want better than they do?

No man is irreplaceable, and Apple is packed with brilliant engineers, designers and managers. The question now is whether it can continue to "think different" without the man who made that into a personal and professional credo.
 
Apple shares fall as Jobs quits

The news that Apple chief Steve Jobs is standing down as CEO of the firm he is inextricably linked with turns the spotlight on his successor, Tim Cook.

As the company's chief operating officer, Mr Cook has been a senior figure at Apple for more than a decade.

Yet he remains largely unknown by the public, overshadowed by his high-profile boss.

So who exactly is the 50-year-old who has his hands on one of the world's most powerful companies?

With a quiet demeanour and soft Southern accent, it would be easy to imagine that Mr Cook was merely a bit-part player in Apple's return to success over the past decade. In fact, his expertise in logistics and operations has been credited as one of the crucial elements that has allowed the company to soar on the back of the iPhone and iPod.

Notorious for being a hard worker who sleeps little, Mr Cook oversees day-to-day operations with a focus and dedication that insiders say is almost unparalleled.'Workaholic'

Mr Cook is an industry veteran who spent more than a decade with IBM, before he was lured by Mr Jobs to join Apple in the late 1990s. Given the task of turning around the fortunes of the company, which was on the brink of collapse at the time, he made some drastic - and highly effective - decisions.
Tim Cook Is Tim Cook the natural successor to Steve Jobs?

Under Mr Cook's direction, Apple closed down most of its manufacturing operations and recast itself as a lean and flexible operation.

He forged close links with Asian companies who build the hardware, cutting costs and pushing technical boundaries, and supported the move to concentrate sales efforts on a string of high-end retail outlets, which Mr Jobs initially opposed.

Mr Cook, a fitness fanatic and outdoor enthusiast, is said to be a great believer in intuitive decisions: it is this knack for doing the right thing that has won him the trust of Mr Jobs and Apple's board of directors.

Indeed, he has already spent three spells holding the reigns while Mr Jobs has stepped aside.

He was given the top job temporarily in 2004, when the Apple co-founder first underwent treatment for pancreatic cancer, and then took over again in 2009 when Mr Jobs took time off to receive a liver transplant.

In January 2011 he once again took over as stand-in as Mr Jobs chose to focus on his health.

And he has been well compensated for his efforts, last year alone earning a salary of $800,000 (£500,000), a bonus of $5m (£3.1m) and stock options worth more than $50m (£31m).

It is a surprising trajectory for a man born in 1960 to a working class family in the Gulf coast town of Robertsdale, Alabama. His father was employed around the local shipyards and, after graduating high school, Mr Cook headed for an industrial engineering degree at Alabama's Auburn University.

Though Auburn was also the alma mater of Wikipedia co-founder Jimmy Wales, it is more famous for its sporting heritage than breeding hi-tech business acumen, and Mr Cook continued his studies with an MBA at Duke in North Carolina.

After graduating he spent more than a decade working his way up the ladder at IBM before changing and eventually being lured by Mr Jobs to join Apple in 1998.

More than 12 years later, he appears as dedicated to the company now as he was then: even his own father has called him a workaholic.

Whether or not he would inherit the leadership of Apple in the long run was never clear, until the moment that he did.

But as the man credited with turning Steve Jobs' vision into hit products, he is certainly more than just a safe pair of hands.
 
From the love child he denied to the temper that terrified his staff, the dark side of the iPod god Steve Jobs

His worshippers number in the hundreds of millions, the most devoted of whom will queue for days outside his ‘temples’ to wait for his latest gift to mankind.


Steve Jobs, 56, founder and visionary leader of Apple, is for many the god of our consumer age.

But he’s not immortal. Having battled cancer since 2004, the chief executive of one of the world’s most prized and influential companies is stepping down.


You can understand the shock — and even panic — reverberating around the globe among obsessive fans of his products, never mind at Apple’s lavish headquarters in Cupertino, California.


For this is the man who brought us the iMac, the iPhone, the iPod and the iPad — who convinced us to splash out up to £500 again and again on gadgets we never knew we needed.

Forget that the business world may be losing one of its most influential figures, say the legions of Apple addicts. Where’s our next must-have new gadget going to come from?

But if Apple’s products are all about accessibility and user-friendliness, the same can hardly be said for the cult-like company’s leader. To admirers, he is the grinning, endlessly enthusiastic tech genius who bounds on stage at Apple product launches.

But there is another, rather harder side to Jobs which appears at odds with his image as the chilled-out Zen Buddhist who once quoted an entire verse of Bob Dylan lyrics at a shareholders’ meeting.

If Zen Buddhism is about sometimes treating staff badly, refusing to acknowledge the paternity of your child and giving little of the company’s money to charity, then Jobs is indeed ‘very Zen’.

‘He’s a mass of contradictions,’ says his biographer, Leander Kahney.


‘He’s a Buddhist and they’re supposed to be anti-materialist. And yet he runs this vast company.’

The stereotype of a cool New York sophisticate, Jobs famously wears only black and has a minimalist philosophy so severe that friends recall visiting his mansion to find it virtually empty but for a picture of Einstein, a Tiffany lamp, a chair and a bed.

In the Apple HQ, so great is the culture of secrecy that executives are said to deliberately pass misinformation to colleagues to see who spreads it.


Engineers working on sensitive projects are watched constantly by cameras and have to cover up prototypes with black sheets so no one can see them.

For decades, Jobs, thought to be worth more than $5 billion, has tried to put a metaphorical black sheet over his private life, too, stalking out of interviews and blacklisting publications that did not tell his life story as he presented it.

A biographer has described him as the ‘Jackie Kennedy Onassis of business and technology — a figure who is ubiquitous as a symbol of his times, but little known as a human being’.

You can understand his reticence. As with his rollercoaster business career, his personal life has had its ups and downs.


He was raised in Mountain View, California, by a working-class couple, Paul and Clara, who adopted him. His biological parents were a Syrian graduate student named Abdulfattah Jandali and another academic named Joanne Schieble.

Jandali, son of a self-made millionaire, claimed they put him up for adoption because Joanne’s father was extremely conservative and wouldn’t let Jandali marry her.

He was placed with a private adoption agency and Joanne tried to insist their son went to university-educated parents.


Neither Paul Jobs, a machine operator, nor his wife could make such a claim: his mother only signed the papers after they promised to send him to university.

Some have claimed that Jobs’s absent real father may be crucial in explaining his contradictory and sometimes combative personality.

‘I send him a message on his birthday, but neither of us has made overtures to come closer to the other,’ Jandali said recently. ‘I tend to think that if he wants to spend time with me, he knows where I am.’

At college, friends say Jobs developed eating problems, ‘starving’ himself on all-fruit or all-grain diets, or binge-eating and forcing himself to be sick. He is still a vegetarian: his favourite dish was once said to be shredded raw carrots.



Revolutionary: CEO and co-founder Steve Jobs with the new Apple iPhone after his keynote at the Macworld Expo in San Francisco, California in 2009

Jobs only lasted a few months at university in Oregon before dropping out and surviving off free meals from the local Hare Krishna temple.


Searching for spiritual enlightenment, he headed for India, coming back — head shaved — as a Buddhist. He experimented with LSD, describing it as ‘one of the two or three most important things’ he had done in his life.

Women have similarly been a complicated issue with Jobs. Friends who knew about his own adoption were horrified when Jobs’s first serious girlfriend, a painter named Chris-Ann Brennan, became pregnant in 1977 and Jobs didn’t believe he was the father.


The mother initially raised their daughter on benefits. Jobs accepted his responsibilities after a court-ordered blood test proved he was the father.

It wasn’t until he was in his 30s that Jobs discovered he had a sister: his biological parents had subsequently married and had a girl, now the novelist Mona Simpson, and the two became friends.

Although he has been married since 1991 — happily, insist Silicon Valley insiders — to blonde beauty Laurene Powell (they have three children), Jobs previously had a string of well-connected girlfriends.

Deciding the ‘young, superintelligent, artistic women’ he liked were not to be found in California, in the Eighties he bought a multi-million-dollar apartment at the top of New York’s famous San Remo building on Central Park.

It became his base for periodic visits to the Big Apple where he would take out famous actresses, including Diane Keaton, artists and writers. None of his romances lasted long.

He once dated the folk singer Joan Baez. A college friend believes he became her lover ‘because Baez had been the lover of Bob Dylan’, with whom he had long been fixated.

Jobs appears somewhat celebrity obsessed. He has delivered Macintosh computers personally to stars he reveres, including Mick Jagger, Andy Warhol and Yoko Ono. Jagger was unimpressed, leaving the hapless Jobs to demonstrate it to the singer’s daughter.


If his private life reveals a capacity for incredible boyish charm and a less endearing side, so too does his work existence. His enormous success is due not only to his genius for design and ability to predict what consumers will want, but his phenomenal capacity for hard work.

By the Eighties Apple, the company he had co-founded in the late Seventies, became the first to use computers controlled by a mouse. With his drive and vision, it became one of the most successful computer companies in the world, turning him into a multi-millionaire.

But his autocratic style of leadership led to a power struggle with the board, and Jobs resigned in 1984. He went on to start another computer company which was then bought out by Apple. He returned to Apple as chief executive in 1997.

In recent years, Apple employees have observed that their notoriously prickly boss plays both good cop and bad cop, using flattery and fear to get his way. Profiling America’s Toughest Bosses, Fortune magazine once said Jobs’s ‘inhuman drive for perfection can burn out even the most motivated worker’.

He is unpredictable, apparently firing questions at interview candidates such as ‘How old were you when you lost your virginity?’ and ‘How many times have you taken LSD?’, before chanting ‘Gobble, gobble, gobble’.

His verbal assaults on staff can be terrifying, foul in temper and language. ‘Everybody has a “Steve yelled in my face story”,’ said biographer Kahney. He added, however, that Jobs has mellowed over the years, particularly after he was ousted from Apple.

Despite his glittering intelligence and capacity to charm, his bluntness sometimes veers into gaucheness.

When President Mitterrand of France invited him to a formal dinner during a trip to California, Jobs asked if he could eat pasta because he had recently been to Tuscany. He interrupted a female business partner during a negotiation to ask if she was really a natural blonde.

On another occasion, he demanded to know if she had put on weight.

In recent years, however, it is his health that has been making almost as many headlines as his iconic gadgets. Jobs has been on medical leave since January. He underwent surgery for pancreatic cancer in 2004. Two years later, he sparked speculation about his health when he appeared gaunt and listless as he gave a keynote speech at a computer conference.

Jobs insisted his health issues were not life threatening and did not involve a recurrence of cancer. But in 2009 — a year after financial news service Bloomberg mistakenly published his obituary — Jobs received a liver transplant.

Perhaps now that he has stepped down as CEO, the man dubbed by Fortune magazine as ‘one of Silicon Valley’s leading egomaniacs’ will have more time for the philanthropy espoused by other technology billionaires such as Bill Gates.

He certainly has a lot of catching up to do, given that after resuming control of the company in 1997, when he brought it back from the brink of collapse, its donations to charity were stopped.

As for the company’s future without him, Apple fans may be worried that the conveyor belt of iconic designs will dry up. Whether his hard-pressed staff will miss him quite so much is another matter.
 
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Lasting love: Steve Jobs with his wife Laurene attending the Oscars in Hollywood
 
Steve jobs said gobble gobble gobble

He is unpredictable, apparently firing questions at interview candidates such as ‘How old were you when you lost your virginity?’ and ‘How many times have you taken LSD?’, before chanting ‘Gobble, gobble, gobble’.

what does gobble gobble gobble means???
 
Re: Steve jobs said gobble gobble gobble

He is unpredictable, apparently firing questions at interview candidates such as ‘How old were you when you lost your virginity?’ and ‘How many times have you taken LSD?’, before chanting ‘Gobble, gobble, gobble’.

what does gobble gobble gobble means???
i agree. pls sell your apples tocks so apple will collapse, get bought up by the superior intellects from google, and stop pissing me off with their overpriced shit products!!
 
Re: Steve jobs said gobble gobble gobble

i agree. pls sell your apples tocks so apple will collapse, get bought up by the superior intellects from google, and stop pissing me off with their overpriced shit products!!

overprice yes, shit no. none of the apple product is shit.
 
Re: Steve jobs said gobble gobble gobble

anyone know what is
what does gobble gobble gobble means??? the english too deep.
 
I said again, Sell your apple shares. Look at his latest photo.

article-2031100-0D9A5C4400000578-814_306x750.jpg


Gaunt and frail, cancer battle takes its toll on Steve Jobs in first picture since he left Apple
Looking gaunt and frail, this is Steve Jobs seen for the first time since his surprise departure from Apple last week.
This picture, taken outside the technology mogul’s California home, fuelled fears that Jobs was nearing the end in his eight-year battle with pancreatic cancer.
The 56-year-old Apple founder looked even thinner than he did during his last public appearance two months ago.
Jobs, who founded Apple in his garage in 1976, seemed almost too weak to hold himself up as he prepared to get into a waiting car in Palo Alto, northern California.
He wore a black long-sleeved T-shirt, black shorts and sandals instead of his familiar turtleneck and jeans for the trip to nearby San Francisco, the city where he was born.
Jobs made no direct reference to his health problems in his letter of resignation to the Apple board last week.
He wrote only that he had always said he would step down as CEO if he felt he could no longer do the job to his high standards.
A steady stream of flowers and gifts have arrived since the announcement at the house where he has mostly remained behind closed doors with his wife and four children.
Jobs had surgery to remove a tumour after being diagnosed with a rare type of pancreatic cancer in 2003 and had a liver transplant two years ago in a further attempt to prevent the spread of the disease.
Although Apple shares took a 5 per cent hit after Mr Jobs stepped down, market fears were allayed because he was staying on as chairman.
Now the picture underlines the fact that he is unlikely to play any major role in the day-to-day running of the company he founded in his garage in 1976.
Jobs went on medical leave in January, but still introduced the second generation iPad a couple of months later and has led the development of the iPhone 5 and iPad3.
On the day Job's announced his resignation, Apple board member Art Levinson, chairman of Genentech, issued the following statement on behalf of the Apple board: 'Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company.
'Steve has made countless contributions to Apple's success, and he has attracted and inspired Apple's immensely creative employees and world class executive team.
 
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