Steve Jobs goes on medical leave

It did not generate much buzz here on Mod-blog, but for months now there have been persistent rumors of serious health issues for Steve Jobs. Jobs has consistently denied any serious issues, and even put out a letter shortly before MacWorld which claimed recent unexplained weight loss was due to a non-serious hormonal disorder which was being treated. Apple's stock has been jittery about this. It is sure to plunge now that Steve Jobs has officially announced a medical leave of absence to deal with his medical problems. He is still CEO and will be involved with strategy, but the day-to-day operations of Apple are now in the hands of Tim Cook, Chief Operating Officer.

The question remains whether this is a life threatening condition or not. Unlike most CEOs, the modern Apple has become synonymous with Steve Jobs. Only Bill Gates is seen as tightly joined to his company, and as central to its success. The question now is whether the market is willing to wait and see, of it they will use this excuse to cut and run in the midst of a Recession.