Steve Jobs takes another medical leave from Apple
Two years ago this month, Apple CEO Steve Jobs left Apple for a six-month medical leave. Today, the company revealed that Jobs is going again, but for indeterminate time. The open-ended time period may unsettle some investors -- in a stock that has been high-flying for the better part of 18 months. Apple made the announcement during a US holiday, official observance of Martin Luther King, Jr.'s birthday, and a day before announcing holiday quarter earnings.
Jobs had survived a rare form of pancreatic cancer that is curable; he revealed his cancer fight in mid-2004. But by summer 2008, Jobs' gaunt appearance caused a rash of rumors about his heath -- that and how little time he spent on stage during Apple events. Jobs caused another stir in December 2008 by announcing he wouldn't give the Macworld 2009 keynote. About a month later, when he announced the medical leave, health emerged as one, if not the major, reason.