Tag Archives: ceo

steve jobs leave

Steve Jobs’ Medical Leave of Absence Could Hurt Apple’s Success

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Steve Jobs has, for the third time since 2004, been granted a medical leave of absence by the Apple board of directors and according to the Wall Street Journal, COO Tim Cook will once again be running day to day operations for the company.

This should come as no surprise when we saw Tim Cook announce the Verizon iPhone with Verizon President and COO, Lowell McAdam, instead of Steve Jobs. On the same day that Jobs’ leave was announced, Apple’s (AAPL) stock tumbled an astonishing 8% which revived concerns over the company’s long-term success once Jobs’ time comes for him to step down from Apple.

Quate (via Steve Jobs):

Team,

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.

Steve

Verizon CEO: iPhone Not Coming Any Time Soon

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Today, Verizon CEO, Ivan Seidenberg, announced that the iPhone will not be coming to Verizon until it’s 4G (fourth-generation) cellular network is 100% up and running.

Thursday, Seidenberg said he hopes Apple will offer the phone on the carrier’s 4G, or LTE network, which it is just starting to roll out later this year in a few dozen cities, and will not be completely ready until 2012, the same year Apple’s and AT&T’s exclusivity contract  expires.

Seidneberg announced,

We don’t feel like we have an iPhone deficit. We would love to carry it when we get there, but we have to earn it.

I think 4G will accelerate the process, and any other decisions Apple makes would be fine with us. Hopefully, at some point Apple will get with the program.

However, as we posted September 22, analysts have claimed that Apple’s overseas manufacturers will begin building CDMA iPhones for Verizon Wireless this December. CDMA is the cellular technology both Verizon and Sprint currently use, while AT&T uses SIM cards. If these reports are true, it is said that Apple will have at leas 3 million CDMA iPhones by January 1, 2011.