Slashdot Mirror
Steve Jobs Taking Medical Leave of Absence
Uttini writes "Apple CEO Steve Jobs has just announced that he is taking a medical leave of absence, according to a release issued by the company today. While it's unclear what the reason is for the medical leave, Jobs' previous medical history includes pancreatic cancer as well as a liver transplant. While Jobs is out, Tim Cook is to be responsible for all of Apple's day to day operations."
I never understood the volatility of Apple's stock. Jobs could stub his toe and the stock would drop. Someone who works at Infinite Loop could get constipated, and the stock would drop. Someone's iPhone could get a scratch on the front glass, and the stock would drop.
Why is Apple's stock so prone to heavy fluctuation at the even the slightest hint of something not being perfect?
Because the truth is that those who are paid big money to analyze the market are not as stupid as we here on Mount Slashdot would like to believe. I would venture to say that they think that one big reason for Apple's success over the years is their ability to go be consistently contrarian. Apple does not follow the crowd in design and implementation. They do not get involved in races to the bottom, and they hew closely to the principle of simplification of the end user's experience instead of packing a product with buttons and a thousand "features". All of these things are in stark contrast to what is taught in business school. So if Jobs goes down and Apple is then led by a modern Scully clone, the company might not do as well in the future.
If Slashdot were chemistry it would look like this:Cadaverine
Then how do you explain Microsoft, which has never had a very positive image, yet managed to dominate both the desktop operating system and Web browser markets?
Just goes to show you, backroom deals and monopolist strongarming also have their place in business, and can sometimes trump "image."
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