Apple Confirms Jobs Back at Work
TUESDAY, JUN 30, 2009 -- In January Apple said CEO Steve Jobs would be taking six months medical leave and would be back at work by the end of June. Last week there were rumors of Jobs' return and Apple has now confirmed that the boss is indeed back at the helm.
Bloomberg reports that "Jobs is at Apple a few days a week and working from home the rest of the time," according to Apple spokesman Steve Dowling.
Jobs has battled pancreatic cancer and most recently had a liver transplant, from which he appears to be succesfully recovering.
“(Jobs' return) should give investors confidence in Apple’s three-to-five-year road map,” Gene Munster, an analyst with Piper Jaffray & Co. in Minneapolis told Bloomberg's Connie Guglielmo. “Having Steve Jobs back means they got the visionary back.”
In Jobs' absence the company was run by operating chief Tim Cook, an 11-year Apple veteran promoted to the No. 2 post in October 2005.
“His absence had an unintended consequence, in that it showed Tim Cook had the ability to manage the company as if Steve Jobs was still there,” Ryan Jacob, head of the Jacob Internet Fund in Los Angeles, told Bloomberg. “As incredibly important as he is, by him taking a step back, it showed that there are good people behind Steve Jobs.” [PAB]
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