Evening Folks!!

DEVELOPING! The leader of one of the world's largest most innovative companies that has more CASH than the USA is resigning!

The Thomas Edison of the era is stepping down. One can only ASSUME at this point that it is health related. (See second line of letter below) We wish him the best and our prayers our with our 'friend' that has changed the lives of every single person reading this.

Here is a copy of Jobs' resignation letter:

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple''s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple''s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.


Will this matter to Apple? Of course it will. However he leaves knowing he has planted the seeds that has set the direction of Apple for many years and perhaps decades to come. While he may have the title of 'Chairman', it may be nothing more than window dressing to prevent any overreaction that may make their stock take a short term hit. I smell a buying opportunity. Apple is going nowhere but up for the forseeable future.

Rick Schwartz


  1. Bill Roy

    After hours trading saw shares fall 7% on the news.
    Why do people panic so much and not analyse the situation? Hells Bells, no wonder stock markets rise and fall with the air pressure.

  2. I amrightonthis

    People didn’t panic. Apple wouldn’t even exist without Steve Jobs, so how can one assume that the future will be rosey.
    They became the biggest company on earth recently because of Steve Jobs, and he is likely on the verge of dying. If you think that 7 percent is all it will go down, then you are sorely mistaken.
    You can be sure that the tabloids will have pictures of him on his death bed, just like they did with Patrick Swayze. This creates a negative perception and extreme uncertainty.
    Nobody knows what the future holds, even if he had sayed on as CEO. Bill Roy, you will go broke if you by companies like this. It may not drop a ton tomorrow, but it will be going down as the big boys ease on out and look for other opportunties.
    Great company, and everybody knew he was sick, but this is not good.

  3. DM

    A lot of the infrastructure that most companies could only dream about are in place. iTunes makes it easy to buy apps, movies, music, etc. A great selection of highly-coveted Apple products by people around the world that will not disappear on this news. Sony only yesterday announced their tablet, at least getting points for appearing confident that theirs has a chance against the iPad. Except for a tiny piece of the pie, no one has a chance at this point, as HP acknowledged; Apple just has too much momentum and its products have an image that no other company’s products can come close to.
    Apple wasn’t always in this envious position, but everything has been put together and fallen into place so well that they will likely stay on top for some time to come. Everyone else’s tablets are just”a tablet.” And the confusing array of those tablets with different resolutions, microprocessor speed, and features make it easier for customers to just go with what they see as a far easier and better choice… the iPad.
    Those who are panicking, just haven’t done their homework. If they did, they’d know that everyone wants to be Apple… and with good reason. Job’s resignation is regrettable, but it will hardly topple everything he’s put in place.


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