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Article

Jobs Takes Medical Leave

COO Tim Cook will stand in for him as he has in the past

Apple CEO Steve Jobs, who was apparently cured of pancreatic cancer in 2004 only to turn frail and gaunt and need a liver transplant in 2009, has gone out on medical leave again. He never lost the gauntness.

COO Tim Cook will stand in for him as he has in the past.

Apple issued a copy of the e-mail, signed "Steve," sent to all Apple employees Monday morning.

It reads: "At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.

"I have asked Tim Cook to be responsible for all of Apple's day to day operations. I have great confidence that Tim 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. In the meantime, my family and I would deeply appreciate respect for our privacy."

The timing of the announcement was probably purposeful. As a national holiday the US stock market isn't opened so Apple stock, which has been on a tear, was unaffected here. Bloomberg said the stock dropped 8% in Frankfurt on concerns of long-term health issues. Jobs is widely seen as being Apple.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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