Apple Inc. (AAPL)

[ddkay]

Halted in afterhours... Steve Jobs is resigning

CUPERTINO, Calif. --(BUSINESS WIRE)-- 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.
Steve


CONTACT: Apple
Katie Cotton , 408-974-7269
katiec@apple.com
or
Apple
Steve Dowling , 408-974-1896
dowling@apple.com

Source: Apple Inc.

[larry81]

Its on !!!

[mode3sour]

Hah, not even down 1% from yesterday

[Abha]

Hah, not even down 1% from yesterday

Speaks to the strength of the company. The march to $500 continues

[donald]

Apple is confident with tim cook going off how they set-up his shares package.He is golden handcuffed,will be tied to performance,good news for shareholders i would think?feet to fire.

[kcowan]

Interesting article by Barry Ritholtz in the Washington Post:
Impact of Apple on key competitors

But it is much more than just Microsoft. Today, the triple threat of iPod/iPhone/iPad has left behind a wake of overwhelmed business models, confounded managements and bereft shareholders. Let’s look at who has been hurt — and helped — by the perfectionist from Cupertino.

Barry is an Apple fanboy though.

[MrPolarZero]

Apple's products are good. I just think that they are over priced. Still many people buy from them. I'm sure they'll be there for the long run.

[KaeJS]

It's not overpriced when they are unique to everything else in the market.

Beer is overpriced.

[mode3sour]

Beer is overpriced.

In Canada, yes

I smell something fishy with Polar's very generic posts and advertising signature

[KaeJS]

Was thinking the same thing as soon as I saw those signatures appear.