News just breaking, this evening, Jobs resigns … * Jobs retires … what next? * Steve Jobs Resigns as Apple CEO * Meet Tim Cook: Apple’s New CEO * When’s the Right Time to Sell Apple?
Steve Jobs Resigns as Apple CEO
Apple Inc.’s ailing chief executive Steve Jobs is officially stepping down from the helm of the company, an historic shift that hands the reins to chief operating officer Tim Cook.
The company said Mr. Jobs submitted his resignation to the board of directors on Wednesday and “strongly recommended” that the board name Mr. Cook as his successor. Mr. Jobs has been elected chairman of the board and Mr. Cook will join the board, effective immediately, the company said.
“The Board has complete confidence that Tim is the right person to be our next CEO,” said Art Levinson, chairman of Genentech and Apple board member, in a statement. He added that Mr. Jobs will “continue to serve Apple with his unique insights, creativity and inspiration.” 
Full story : YUKARI IWATANI KANE — Wall Street Journal
Jobs retires … what next?
News is very sketchy, and I cannot seem to get to the bottom of this — but ABC news said today Jobs retired. They gave no reason. Reportedly Jobs said earlier that he would step down when he didn’t think he could continue to fulfill the job. Evidently that is now.
Reportedly Jobs said earlier that he would step down when he didn’t think he could continue to fulfill the job. Evidently that is now. You’ll remember, he suffered from pancriatic cancer. . . and he hasn’t really looked 100% since — he looked ‘skeletal’ at his presentation to the Cupertino city council.
Apple stock was up .69% today, but the market closed before news started leaking out. Full story : UGNN
Meet Tim Cook: Apple’s New CEO
Steve Jobs, the heart and soul of Apple Inc., just resigned as CEO. Apple’s board said it named Tim Cook to replace Jobs as CEO. Cook has been filling in for Jobs since he took a medical leave earlier this year.
Jobs brought Tim Cook on board in 1998 to oversee the manufacturing of Apple’s computers. Full story : Here’s the bottom line
When’s the Right Time to Sell Apple?
Apple (AAPL) is having a great year and a great decade. Its products are everywhere. It continues to blow customers and analysts away with products and the income those products contribute to the bottom line.
But to assume that Apple will be able to continue to do this year after year may be a mistake, and to not consider any potential problems the company may face would be another mistake. That is why it is important for investors in Apple to remain unemotionally attached to this company, and to sell when their original investment goals are achieved. Full story : seekingalpha.com
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