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Steve Jobs' Health Remains Investors' Main Focus

In a meeting with investors, Apple directors have asserted that Steve Jobs who currently is on a six-month leave owing to health reasons, is expected to reassume his role in June as decided.

The company’s board member Arthur Levinson ascertained that Jobs was on schedule to return to the company but avowed that the company would inform the shareholders in case of any change in the plans.

Jobs still takes part in day-to-day decision making of the company, Levinson told the shareholders, and said that “Nothing has changed”, as far as involvement of Jobs in strategy making is concerned.

Keeping his lips tight over the issue, Levinson went on to say, “If there is any more information that the board deems necessary to disclose, we will disclose it”.

In a one hour meeting at the company’s Cupertino based headquarter Jobs’ health was the prime concern for the investors, with the shareholders tried a lot to unfold the mystery surrounding Jobs health and his return to the company.

However, the company also didn’t respond satisfactorily over the questions about the stories that the US Securities and Exchange Commission was evaluating the company’s behaviour in revealing Jobs’ health issues.

Besides, according to Bloomberg.com, the Apple’s board does have an alternative succession plan in place in case the worst happens, but it will keep the plan confidential.

Go To Page 2 for our comments and more related links

Our Comments

The meeting was a bit thin on details but who could blame them. Ironically, no news could be seen as great news in itself. Apple stocks did not suffer any jitters since the announcement and managed to get roughly 1.3 percent over the last 24 hours. It is also a good news that Apple has a definite plan to get a replacement for Jobs.

Related Links

Apple Board Forced Into Spotlight With Jobs on Medical Leave (opens in new tab)

(Bloomberg)

Apple directors: we have a plan, but we're not telling you what it is (opens in new tab)

(Guardian)

Apple's Annual Meeting: Not Much Concern About Succession (opens in new tab)

(Business Week)

Steve Jobs on target to return to Apple (opens in new tab)

(Vnunet)

Apple investors get no satisfaction on Jobs (opens in new tab)

(International Herald Tribune)

Apple investors get no satisfaction on Jobs (opens in new tab)

(Reuters)

Désiré Athow
Désiré Athow

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.