Posts Tagged ‘Steve Jobs’

Media, Street traders and litigators feign outrage over Apple’s failure to Tweet daily on Steve Jobs’ health

It was revealed on Friday that Steve Jobs had a liver transplant back in March. After a several months of recuperation, Steve Jobs will soon return to work at Apple. Story over, move on! Steve is … and so are Apple (AAPL) shareholders.

sjobsAlas, no … the sanctimonious financial media, once again, trotted out their legal beagles to weigh in on “ethics” and “disclosure responsibility” of Apple Inc. surrounding Steve Jobs’ health status. Never mind that Apple went to great lengths in January to explain that new tests revealed that Steve Jobs’ hormonal imbalance (causing his weight loss) was more complex than first thought … and that based on this new medical information, Steve would need to take a 6-month leave of absence. Okay … we all know about Steve’s past Whipple procedure and islet cell neuroendocrine tumor treatment. Given the new revelations in January, and Steve’s need to take a leave, AAPL shareholders understood that Jobs’ condition was not trivial. Clear message sent. AAPL shareholders understood that this was a serious situation that needed Steve’s focus and full attention from his medical team.

Apple COO, Tim Cook

Apple COO, Tim Cook

As an Apple (APPL) shareholder, I can say “we get it,” and we respect Steve’s right to privacy during this leave of absence. The only ones freaking out are the pretenders. Serious AAPL investors are very comfortable with Tim Cook and the rest of Apple’s deep bench (Peter Oppenheimer, Jonny Ive, Phil Shiller, Ron Johnson, Scott Forstall, Bob Mansfield, Mark Papermaster, Dan Cooperman, Bernard Serlet, Sina Tamaddon, et. al.). Moreover, select members of Apple’s Board have been consulting with Steve’s doctors and closely monitoring Jobs’ health status. Finally, whether Steve Jobs moves to a less than full-time role (e.g. moving to Chairman with Cook as CEO) or not, Jobs’ DNA is deeply embedded in the company and Apple’s product menu is well defined for years to come.

To the “slimebucket” posers that continue to scream over inadequate disclosure (daily Tweets from Steve Jobs’ doctors would not be enough due to 140 character limit), I say you are not speaking for AAPL shareholders (certainly not this shareholder). You are, in fact, doing the dirty work for Wall Street’s “shoot first” traders, and “sue always” lawyers.

Here’s my favorite quote of the day courtesy of kylobbist over on AAPL Sanity

“So let me get this straight … The Masters of the Universe on Wall Street, along with the executives and boards of the major banks and investment firms basically were running a big ponzi scheme among themselves and screwed the markets, the economy and their customers, which required a massive and unprecedented infusion of taxpayer dollars to save their hides along the way … but we are supposed to be outraged at the “ethics” and “immorality” of whether and how Steve Jobs got a liver transplant??? … Yeah, whatever”

Video: Steve Jobs’ Stanford Commencement Address 2005 – Steve talks movingly about life’s journey


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Apple Sells Over One Million iPhone 3GS Models – iPhone 3.0 Software Downloads Reach Six Million

hero-1-20090608Apple issued a Press Release this morning to announce over one million sales of the new iPhone 3G S in its debut weekend. This number exceeds most analysts projections. Many Street mavens and pundits had presumed that Apple (AAPL) would not break 500,000. The most optimistic analysts had projected that Apple might sell about 750,000 in the opening weekend. Today’s 1 million+ sold announcement is a clear “beat” (above Wall Street expectations).


The Apple PR also highlighted that iPhone 3.0 Software downloads have now reached six million. The new iPhone operating system brings over 100 new features such as Cut, Copy and Paste, MMS*, Spotlight™ Search, landscape keyboard. The new 3.0 OS also adds new tools for iPhone developers, including the ability to:

  • create push notifications
  • add APIs for integration with hardware devices
  • add “in app” purchases

steve_jobsToday’s Apple PR is also notable as it contains a direct quote from Steve Jobs, who has been on a temporary leave of absence;
“Customers are voting and the iPhone is winning,” said Steve Jobs, Apple’s CEO. “With over 50,000 applications available from Apple’s revolutionary App Store, iPhone momentum is stronger than ever.”

It was revealed over the weekend that Apple’s CEO underwent a liver transplant two months ago. His recovery is progressing well and Steve Jobs is expected to return to work at the end of June. More on this story via Apple 2.0

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Post authored by pingdave @ AAPLSanity … Steve, if you’re reading this … it’s only because we love you 🙂

[Setting: Steve Jobs, Phil Shiller, Tim Cook, and Scott Forstall in a WWDC rehearsal somewhere deep in a bunker at 1 Infinite Loop, Cupertino. Scott is onstage, practicing his iPhone 3.0 OS demo.]

Scott pointing to a screen behind him:

Picture 1“So, then you leave the menu, and click the icon and not only is your location shown, but  Wham! you have a street view of all the businesses near you.”

Steve sitting in a chair in the “audience”:

“Stop! Stop! You said ‘Wham!’, Scott, what is that?”

Scott stammering: “Well, ‘boom’ is your trademark Steve, I just went a different way….”

Steve frowning and  leaning over to whisper to Tim “Tim, I thought you talked with Scott about this….meet me in my office later.”

Picture 2Steve out loud again: “Scott, Scott, Scott. Let’s start from the beginning again. Before you do, repeat after me: Boom!

Scott (quietly): “boom.”

Steve: “No, no, no!! Louder! I CAN’T HEAR YOU!!”

Scott: Boom!

Steve: Better, more staccato on the ‘B’ though. Buh Buh Buh.. and more “ooooo” on the Os”

Scott: BOOM!

Steve: “Perfect! Now, from the top. What is this, take 27? Ok, video running? Scott, in 3… 2… 1… and Go!”

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Silicon Alley Insider has a post today quoting Piper Jaffray analyst Gene Munster on Apple (AAPL):

Key takeaways:

  • No new iPhone unveiled at WWDC (but iPhones [plural] to be unveiled soon thereafter)
  • No surprise Steve appearance at WWDC
  • Multiple iPhone models (high end and a lower cost model)
  • Official iPhone in China as soon as the end of summer ’09
  • Steve Jobs may return to Apple in a Chairman’s role with Tim Cook as CEO

iPhonAsia comment: Most Apple watchers are expecting a new iPhone unveiling at the June 8 WWDC Keynote. Munster may raise a few eyebrows with his prediction that Apple will hold off on the new iPhone(s) “show and tell” for a few more weeks. But this should not be too much of a surprise as Apple has made it clear that they are moving away from important product unveilings at major conferences (e.g. MacWorld & WWDC) in favor of more focused “special events.”  These events are more secure (no rehearsal peek-a-boos from outsiders and media) and choreographed and can be held at Apple’s Cupertino headquarters or at the Mascone Conference Center.

Gene Munster quotes from today’s Piper Jaffray research note:


PJ - Gene Munster

WWDC Keynote Will Be Delivered By Phil Schiller; Jobs Likely Absent. Earlier today (5/13) Apple announced that Phil Schiller, not Steve  Jobs, will deliver the keynote for the WWDC event on 6/8. This is consistent with our expectations as well as Apple’s indications that Steve Jobs is still planning on returning to the company “at the end of June” (emphasis added). In order for Jobs to deliver the keynote on 6/8, he would likely begin preparations well before his intended return date.

What We Expect To See (And Not See) At WWDC; No New iPhones. As indicated in today’s press release, we believe Apple will focus on the new version of Mac OS X, Snow Leopard at WWDC. While some investors may be expecting Apple to launch redesigned iPhones at WWDC, we do not anticipate the launch in early June. Rather, we expect Apple to host a special event in late June or early July to launch a family of iPhones. 

We continue to expect multiple models, possibly a high-end iPhone with improved specs from the current version and a low-end version with lower capacity and fewer features along with a reduced pricing plan. Such a model could also be used in Apple’s launch of the iPhone into China as soon as the end of summer ’09.

Our Take On Steve Jobs’ Return To Apple. Apple continues to expect the return of Steve Jobs by the end of June (likely implying after WWDC). Until then, it appears that day-to-day operations at Apple are running smoothly. We believe Jobs may return to Apple with a reduced role, possibly as chairman, with COO Tim Cook assuming the CEO position. Regardless, we think the transition of leadership during and after Jobs’ leave of absence will not negatively impact Apple’s business.

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Munster Talks Apple (AAPL) on Fast Money

Piper Jaffray analyst Gene Munster appeared on Fast Money today to talk tech (Yahoo, Google, Apple). Patience required … you’ll have to wait until the final third of video for Gene Munster’s appearance. Munster revealed that Steve Jobs was in attendance at the recent Disney Board Meeting and that he will likely return to Apple in June, but he may take on a different role and allow Tim Cook and Apple’s senior management team to run day-to-day operations. Munster says AAPL should be interesting (bullish) during the summer months when new model iPhone(s) are introduced. And oh by the way … we might see new iPhones in China too



Jeff Macke and Gene Munster

Jeff Macke and Gene Munster

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Happy Birthday Steve!

Feb. 24th is Steve Jobs’ 54th birthday … Wishing you the best Steve!

steve_jobs“Stay hungry, stay foolish”

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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


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