Steve Jobs, as you've probably heard by now, is taking another medical leave of absence. The last time he took one in January, 2009 it was for six months and it turned out to be for a liver transplant, likely related to his earlier bout with pancreatic cancer. This time the leave is indefinite and Apple is not going into any further details about his condition. One thing Wall Street hates is uncertainty. Just look at what happened to Apple's stock between June, 2008 (when a very thin Steve Jobs appeared at Apple's Worldwide Developer's Conference, sparking speculation about his health), through his subsequent leave of absence, to June, 2009 (when the Wall Street Journal reported that he had undergone a liver transplant). During that period of uncertainty, the stock was down 23 percent, after dipping even lower (see chart). Will Apple's stock take another hit this time around?
Source: http://feedproxy.google.com/~r/Techcrunch/~3/lcFPB_TUbLU/
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