Monday, January 17, 2011

Jobs takes leave of absence for health reasons

"I have great confidence that (COO) Tim (Cook) and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011. I love Apple so much and hope to be back as soon as I can," Jobs wrote Monday. Apple shares dropped 6 percent in trading in Frankfurt following the announcement. Jobs' health has come into question before, creating large fluctuations in Apple shares. Cook has already managed the company on a day-to-day basis in Jobs' absence previously. Jobs had surgery for pancreatic cancer in 2004 and also underwent a liver transplant in June 2009. Further details in story linked off the headline

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