What is Digg?135 Comments
- inactive, on 07/22/2008, -2/+77CEO or not, i really do hope he is ok, i would say the same to anyone.
- inactive, on 07/22/2008, -6/+54Pancreatic cancer is considered to be one of the most pervasive forms of cancer. It's extremely difficult to contain or control. He's likely screwed.
- pell, on 07/22/2008, -0/+31Love him or hate him hopefully he is ok.
- TheUngod, on 07/22/2008, -2/+30No no, cash only cures AIDS.
- inactive, on 07/22/2008, -0/+21I'm a huge PC guy, but this makes me sad. Here he is talking how he feels about life and death:
http://youtube.com/watch?v=Hd_ptbiPoXM - pensivewombat, on 07/22/2008, -2/+21He runs OSX so it can't be a virus.
- zenerdiode, on 07/22/2008, -1/+20I visited One Infinity Loop in Cupertino for lunch with a friend at the cafeteria about 2 months ago. Jobs walked by with his small entourage. He wasn't looking well back then already. It was kinda weird...the cafeteria at Apple is a really loud, boisterous place, but wherever Jobs went, people went kinda hushed and well, kinda somber. I don't know if that's the typical reaction employees have to CEOs out of fear or whatever, or if the people at apple knew something. Anyways, I wish Jobs the best, not only for the sake of my friend's stock options, but well...cancer just really sucks.
- Malevolant, on 07/22/2008, -0/+19Apple is Jobs, and without him, the company would be completely different. He brought them into their current state of extreme profitability and broad acceptance.
P.S. I don't even own a mac, but I can admit all I wrote. - inactive, on 07/22/2008, -1/+19Are you suggesting you can bribe cancer to leave your body?
- Swarms, on 07/22/2008, -2/+19I mentioned yesterday in the thread on Apple's stock that his health was a major concern. When the CFO said it was a "private matter" rather than just saying he was fine, it was a calculated word choice to avoid giving false information. Obviously he'd rather just calm everyone's nerves and just say that he's fine, but he's not legally allowed to do that on an earnings call if there is actually something wrong with Steve Jobs ( False material information that an investor would want to know). I definitely think there's more to this story than a "bug".
- dajernts, on 07/22/2008, -5/+21Yeah there's definitely something up with Job's health. I don't believe that 'common bug' nonsense.
- Swarms, on 07/22/2008, -0/+13Not to say it's not still very serious, but he apparently has a much less invasive form of the cancer.
From Wiki:
The prognosis for pancreatic cancer is usually very grim. Jobs, however, stated that he had a rare, far less aggressive type known as islet cell neuroendocrine tumor.[50] After initially resisting the idea of conventional medical intervention and embarking on a special diet to thwart the disease, July 31, 2004 Jobs underwent surgery (pancreaticoduodenectomy) that successfully removed the tumor; he did not apparently require nor receive chemotherapy or radiation therapy - jonshipman, on 07/22/2008, -1/+14They should replace him with Steve Woz
- SkippyDoorknob, on 07/22/2008, -0/+12Like they did after booting Steve out the first time?
- Claymore, on 07/22/2008, -1/+10I don't believe this is really correct either. With companies being HIPAA compliant you can not give out an employee's medical information (either good or bad) to anyone. So just because an investor wants to know is health legally he has no right to.
- bigdoof, on 07/22/2008, -5/+13...or it means that Bill Gates built a company far more stable than Steve Job's marketing and image-reliant Apple.
- MacParrot, on 07/22/2008, -0/+8I did PLENTY of LSD in the 70s and my digg comments are certainly not affected.
oh wait - arjie, on 07/22/2008, -0/+8I was going to come here and joke about how this sounds like some Cuban press release about Fidel Castro, but that was because I didn't know it was real serious. I didn't know he had pancreatic cancer before. Poor guy and though it doesn't count at all, good luck to him.
- SanTe, on 07/22/2008, -0/+7Is it time for a colorful metaphor?
- inactive, on 07/22/2008, -1/+8Facts:
1 Steve looks real sick.
2 Steve IS Apple.
3 Therefore Apple looks real sick.
4 Investors don't invest in things that look real sick
If you could just see through the fog of fanboyism for just one minute you would see this.
Fanboy tantrums don't mean ***** on Wall St. - Nothlit, on 07/22/2008, -0/+7It's common knowledge everywhere that Steve had pancreatic cancer...because Apple disclosed it.
- ghuytro, on 07/22/2008, -1/+7How did investors "overwhelmingly reject management's guidance of $1.00 in per share earnings"??
The stock is dropping because the previous stock price was based on a valuation multiple (eg. PE ratio) based on a higher estimated EPS figure. Now that Apple is estimating a lower figure, the stock price is adjusting - meaning investors are actually accepting management's guidance - with a bit of a Steve Jobs health scare thrown in for good measure. - inactive, on 07/22/2008, -2/+8Well I guess cancer IS "common",
although its not a bug, hmmmm - santaliqueur, on 07/22/2008, -1/+7I hope nobody in your family ever gets cancer. Too bad you don't know how serious it is.
- MacParrot, on 07/22/2008, -1/+6Woz is not (and he would admit this) an Office manager type. He's a hands on engineer and hopefully will never see the inside of Apple's boardroom
- BrendanSheehan, on 07/22/2008, -0/+5Jobs is a bit of an *****, but as a Mac user I don't wish him harm. He's the reason OS X an Apple products are where they are today.
- vincentb, on 07/22/2008, -2/+7The survival rate for pancreatic cancer is very low.
Usually you die in a matter of months, if you are lucky, you stay alive for about 5 years.
"Median survival from diagnosis is around 3 to 6 months; 5-year survival is less than 5%.[16] With 37,170 cases diagnosed in the United States in 2007, and 33,700 deaths, pancreatic cancer has one of the highest fatality rates of all cancers and is the fourth highest cancer killer in the United States among both men and women."
http://en.wikipedia.org/wiki/Pancreatic_cancer - kuwan, on 07/22/2008, -0/+5The investors are idiots. Apple almost always gives extremely conservative guidance and then not only beats their conservative guidance (by 23-58%) but also usually beats consensus estimates by a large margin. The fact that most investors still haven't spotted this pattern shows how stupid most of them are. Read the following for more details:
http://bullcross.blogspot.com/2008/07/whats-with-i ... - dafragsta, on 07/22/2008, -1/+5Even Dick Cheney?
- gllopc, on 07/22/2008, -0/+4I agree - but he would be a great figurehead to roll out in place of Jobs. Jobs has a cult leadership style that could be strategically "channeled" through Steve Wozniak. Combine that with Johnathan Ives wonder kid reputation, and all you need is a by-the-books CEO.
- MacParrot, on 07/22/2008, -1/+5Oh, thanks for THAT. NOW I have to watch ST:IV again.
- rocketz, on 07/22/2008, -0/+4Steve Jobs IS NOT sick!!! He is a macrobiotic, he looks like my ex girlfriend after she became a macrobiotic.... I left her
- jinkop38, on 07/22/2008, -0/+4"Leave Steve alone!"
- steger, on 07/22/2008, -2/+6He was part of the free speech movement at Berkeley in the sixties. I think he did a little too much LDS.
- Niightwitch, on 07/22/2008, -0/+4There are some things money can't buy. You can't cure cancer by throwing money at it.
- inactive, on 07/22/2008, -3/+6Precisely. Everyone knows cancer only responds to bribes of cookies.
- MellerTime, on 07/22/2008, -0/+3Mmm... cookies.
- Hockey13, on 07/22/2008, -0/+3@MacParrot
Yes, Apple is doing fine, but none of what alanr19 said is even remotely inside a 5,000km radius of "hysterics." A stock's value is determined by many things, namely the opinions of those who wish to trade it. To those who evaluate the stock, they are concerned about one thing: how much money will this stock make me? Since there probably isn't too, too much concern over Apple getting bought out anytime soon, the only form of making money on the stock is dividends paid out by the company. So it comes down to this:
How high will the profit (and subsequently the dividends) be in the future? If some investors fear that Steve Jobs is, indeed, sick, they fear, more importantly, that the company will do worse without Jobs than with him, so they sell the stock and move on with their lives. If they're right, they look smart and the rest of us (assuming we own AAPL) lose money because of the unfortunate circumstances. What should be painfully obvious, though, is that if Steve Jobs is perfectly healthy, the stock price will shoot back up again (all else equal), and those who speculated on his health lost the potential to make money. The "casino cheats" (as catbeller put it) here will be the ones losing money if Steve is healthy.
What's the moral? Markets tend to weed out bad choices, and the rest of us who held on to the position for the long term don't care that the price dipped a few percentage points one day during our 5-year position. - richmomz, on 07/22/2008, -0/+3Apple's stock is down on a weaker than expected 4Q forecast that came out yesterday evening, which was well below Wall Street estimates. Jobs' health concerns (which there have been rumors about for some time and thus no reason for a sudden drop) were not a major factor: http://www.cnbc.com/id/25785070
- Swarms, on 07/22/2008, -1/+4True, but there's a difference between saying "He's ok, but we aren't at liberty to discuss his personal health with you and further" and just sidestepping the question the way he did. Saying someone is not sick is not the same as giving out his medical information.
And remember, in 2004 Steve Jobs went out of his way to disclose his health information to ease investors. Why wouldn't he do so now? "You relinquish the luxury of privacy when you become the CEO of a public company" http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2 ... - barnett25, on 07/22/2008, -0/+3No. You did not read that.
When Jobs dies (or leaves the company) Apple will wither away soon after. If you do a little research about the company you will find that Steve Jobs is an A-hole, but he is also the driving force behind Apple. He is the reason they are so uncompromising. - Hockey13, on 07/22/2008, -0/+3@MacParrot
"We may not agree, but at least it's a discussion."
I actually don't disagree with one thing in your post :-). I personally don't know Apple well enough to make a truly informed decision about them. It all comes down to how innovative they can continue to be, and how much money they can make off that innovation. If you believe they will continue being an industry leader, I have very little basis to disagree with you. The historical evidence is clearly in favor of your opinion for many of their products.
On the other hand, if Steve Jobs truly IS the glue holding Apple together, this is not good news. Fortunately, the market gives you a way of making speculators pay...if you think they'll do well, buy the stock while it's low :-)
Cheers - SillyRabbits, on 07/22/2008, -0/+3@Claymore, that's normally the case with HIPAA, but in the case of the company CEO, it's overruled by the fiduciary requirements to investors. I'm unsure of the precise regulation, but you can't legally hide a serious medical condition of the company head (something that will incapacitate him) from investors of a publicly held company. They may not have to disclose details, but they can't tell investors everything is fine when they know differently. As Swarms pointed out above, by saying it's a "private matter", they buy a little time before having to disclose the current situation. However, by saying that, most people can already 'read between the lines'.
- inactive, on 07/22/2008, -1/+4Evil or not, they are still people, one day they might realize the mistakes they have made (if they are in fact evil) and correct them, or maybe take all the money and save/help people.
- sluggoo, on 07/22/2008, -1/+4Decent article on the Whipple procedure, which Jobs had when he was first diagnosed with pancreatic cancer. Also gives some insight into how it may affect his current health:
http://apple20.blogs.fortune.cnn.com/2008/06/13/st ... - Floppygrandma, on 07/22/2008, -2/+4"Apple handily beat expectations for its fiscal third quarter Monday"
No it didn't, It delivered 1.19 per share. That beat apples very conservative 3rd quarter expectations but what matters - analysts expectations - Was 1.24 per share. - santaliqueur, on 07/22/2008, -2/+4Isn't it funny how most people who trash Apple usually talk about guys beating off to Steve Jobs and Macbooks? Whats with all the jackoff talk? You need an outlet for something?
- Miraa, on 07/22/2008, -0/+2Yes, and even you.
- inactive, on 07/22/2008, -1/+3This thing has got so out of hand it's unreal. And for the record, the shares did not fall because of Jobs' health concerns (if it was don't you think shares would have fallen after WWDC08 and not now), this is just a corrupt media tactic to generate widespread attention because, after all, the pubic might not be so inclined to view the article if the headline read: shares fall after apple undercuts it's profits for the next quarter. That headline would be truthful, but nobody is interested in that, no, people want melodrama, and melodrama they get if headlines like this are to be allowed to reign.
If I were Jobs I'd be severely pissed off with all these allegations, and for the record I quite agree with Apple on the status of his health; they are his own private matters. The thing that amused me though is that I saw the whole WWDC08 event in HD on my Apple TV and he looked fine to me, little thin but otherwise fine (and normal for him since his cancer several years ago and his vegetarian roots). But apparently bloggers sat 250 feet away in the audience had a better view of him and his apparent "ribs" looming from underneath his black turtleneck sweater. They also saw something I must have missed: his so called lack of energy and buoyancy on stage. Funny, he didn't look weary and tired to me.
I'm not trying to be optimistic here, just realistic. I'm sick of all the cynics and doom and gloom nay-sayers who seem to think that a mere sneeze from Jobs or a slight croak in his voice means he will drop dead any second. I know people care for his well-being, but come on, give the guy a break! If the world's media reacted like this for every sniffle I made on stage I'd be pretty pissed off. Oh, and one last thing dear Digg submitters, please quote the articles properly next time and stop using dramatic headlines to gain views, please. Thank you. -
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