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Posts Tagged ‘Steve Jobs’ Health’

 

Via CNBC. See VIDEO of Cramer > HERE

EXCERPT: With all the nefarious activity and outright chicanery taking place on Wall Street, Cramer’s amazed – no, outraged – that the U.S. Securities and Exchange Commission is worried instead about Steve Jobs’ health disclosures. 

For a superb summation of the current “drive by” paparazzi media fixation on Steve Jobs’ health status, please read Cliff Mason’s post > Our Obsession Over Steve Jobs – Enough Is Enough

picture-117

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iPhonAsia comment: iPhonAsia does not make investment recommendations, but we do agree with many of the points John Paczkowski makes in his post today (excerpt below).  First and foremost, we wish Steve Jobs a quick recovery and look forward to his return. Our thoughts and prayers are with Steve and his family.

Apple COO Tim Cook will fulfill Apple’s CEO role while Steve Jobs takes a temporary medical leave of absence. See Steve Jobs’ letter > HERE. For more background on Tim Cook read iPhonAsia posts > HERE and HERE

Apple COO - Tim Cook

Apple COO - Tim Cook

For readers who don’t follow Apple, Inc. (AAPL) closely, Apple has a superb bench to support Steve Jobs. And Apple Chief Operating Officer (COO) Tim Cook is an extremely capable executive who could take the helm at Apple and not miss a beat. As an Apple shareholder, I’ve had the pleasure and responsibility of attending Apple, Inc. shareholder meetings and listening to every Apple (AAPL) quarterly earnings conference call. Tim Cook presides at these events and many others. I can tell you that I would be very comfortable with Tim Cook running Apple. He is a confident and capable executive who is very much on top of Apple’s business operations, product development path and and financials.  This in no way is intended to dismiss the importance of Steve Jobs’ vision, drive and leadership at the helm of Apple, Inc., but rather to reinforce how deep Apple’s bench truly is.

More on Tim Cook via Fortune Apple 2.0 > HERE

Tim Cook article via Fortune > “The Genius Behind Steve”

WSJ’s Walt Mossberg on Steve Jobs Video 

picture-17Apple Shareholders Are Wusses

Read John Paczkowski’s full post at All Things Digital > HERE

EXCERPT: Ironic, isn’t that, that in this decade of CEO scandals and corporate duplicity, shareholders are punishing Apple (AAPL) — which in its last quarterly statement, reported earnings of $1.14 billion on sales of $7.9 billion, with nearly $25 billion in cash — for allowing CEO Steve Jobs a medical leave of absence?

Apple shares dropped as much as 10 percent Wednesday evening after the company broke the news, slashing more than $6 billion off its market cap. And they’re trading lower again today.

 

aapltanks

A timid group, Apple investors — risk averse and apparently too easily frightened actually own the stock. Faithless. Because to sell on this news, or any of the Jobs-related health rumors or reports the company has suffered this past year is silly.

Because if Jobs were to leave Apple – willingly or otherwise – people won’t suddenly stop buying Macs. The iPod won’t suddenly go the way of the Walkman and early adopters won’t suddenly lose interest in the next gen iPhone. Nor, Houdini-meets-Edison magic that Jobs has brought to Apple suddenly dissipate.

Yes, Jobs’s sensibility pervades Apple’s culture and its products, but that culture and those products are in not tethered to his health or day-to-day presence at the company. And Apple’s deep executive bench is more than capable of running it — and running it well — in his absence.

Apple will endure — with or without Steve Jobs. There will be a post-Jobs era and whether it begins this year or 20 years from now is of little consequence. So, if you’ve sold your Apple shares on any of these Jobs health reports … well, you won’t be watching them spike when the company announces the next iPhone or reports another blow-out quarter, now will you?

Read John Paczkowski’s full post at All Things Digital > HERE

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"Fat, drunk and stupid is no way to go through life."iPhonAsia issues our first Dean Wormer Award 


And the winner for September is …. drum roll please …. Fast Money’s Jeff Macke!

Fast Money Panelist Jeff Macke

 

Macke harping on the SJ issue

Lehman Brothers’ analyst Ben Reitzes was a guest on yesterday’s (9/05/08) edition of CNBC’s Fast Money. Sidebar: See post by iPhonAsia Editor (Jan 19, 2007) re Ben Reitzes.

During Reitzes’ segment, the topic was Apple (AAPL).  Here is a paraphrase (thanks to Ping and KY and others @ iV AAPL Sanity) of the dialogue during this segment: 
The panel and Reitzes discussed the forthcoming September 9th Apple Event and probable introduction of a new iPod Nano and new pricing on iPod Touch.  Jeff Macke kept re-directing the topic to Steve Jobs’ health and how “Apple doesn’t have a deep bench.”
Ben Reitzes didn’t take the bait, yet he did stress that Apple has a wealth of management talent and a great COO in Tim Cook.
Apple's Executive Management Team

Apple

Jeff Macke responded: “That’s great that you’ve (Ben) dug into it, but I don’t know who these people are” (Tim Cook and Apple’s bench).

The conversation turned back to fundamentals and Reitzes explained the importance of the oft overlooked (massive) cash-flow from the iPhone. Reitzes suggested the stock will go higher, however, in the near term he has no predictions for AAPL price. That said, he would own it through year’s end.
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Apple COO - Tim Cook

Apple COO - Tim Cook

iPhonAsia Comment: Jeff Macke is held up to the Fast Money audience as a knowledgeable money-manager who in theory keeps current with companies he lauds or pans (stock buy or sell recommendations). Why does Jeff Macke win our Dean Wormer Award? Macke has been a frequent critic of Apple, Inc. (AAPL) and (only slight exaggeration) has been especially vocal over not being able to receive daily Apple, Inc. bulletins detailing “how Steve Jobs feels today.” Macke’s preoccupation with Steve Jobs’ health status is almost comical. Yet Jeff apparently has no clue as to the depth and quality of Apple’s executive management team (Steve Jobs, Tim Cook, Phil Shiller, Bertrand Serlet, Scott Forstall, Jonathan Ive, Ron Johnson, Peter Oppenheimer) and has no idea who Tim Cook is!!! Whaaa the???  For an Apple commentator/pundit to not know who Tim Cook is … is tantamount to an Olympic swim commentator not knowing who Michael Phelps is. Yet Macke wasn’t kidding … he’s that dim. And for his comments on yesterday’s Fast Money, Jeff Macke wins our first ever Dean Wormer Award. Honorable mention goes to Joe Nocera and Douglas A. McIntyre.

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For readers who don’t follow Apple, Inc. (AAPL) closely, Apple has a superb bench to support Steve Jobs. And Apple Chief Operating Officer (COO) Tim Cook is an extremely capable executive who could take the helm at Apple and not miss a beat. As an Apple shareholder, I’ve had the pleasure and responsibility of attending Apple, Inc. shareholder meetings and listening to every Apple (AAPL) quarterly earnings conference call. Tim Cook presides at these events and many others. I can tell you that I would be very comfortable with Tim Cook running Apple. He is a confident and capable executive who is very much on top of Apple’s business operations, product development path and and financials.  This in no way is intended to dismiss the importance of Steve Jobs’ vision, drive and leadership at the helm of Apple, Inc., but rather to reinforce how deep Apple’s bench truly is.

More on Tim Cook via Fortune Apple 2.0 > HERE

Tim Cook article via Fortune > “The Genius Behind Steve”

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."Son, fat drunk and stupid is no way to go through life"
Click link to listen >>>>>>>>>>>>>>>>>>>>

“Double Secret Probation”

“Nothin is over until we say it is!”

“Put a sock in it”

“If you mention extortion again”

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