Tag: steve jobs (Page 5 of 5)

Eric Schmidt to Reconsider His Role on Apple’s Board

Eric Schmidt.After unveiling Chrome OS this week, Google CEO Eric Schmidt said he will consider recusing himself from Apple’s board. The Chrome OS launch adds another dimension to the areas in which Apple and Google compete with one another.

In speaking to reporters at the Allen & Co. conference in Sun Valley, Idaho, Schmidt said, “I’ll talk to the Apple people. At the moment, there’s no issue.” Schmidt has already been taking leave from any Apple board meeting in which the iPhone was a hot topic. Obviously Google competes directly with the iPhone with their Android operating system.

Under federal law, no person can sit on the two board of two companies if it decreases competition between them. Schmidt’s been trying to avoid these kind of questions by opting out of certain meetings, but you kinda have to wonder what goes on behind closed doors. It’s not any kind of surprise that the FTC is curious, too.

Like Schmidt said, though, for now there’s nothing to worry about. I guess we’ll have to see what happens in the coming months for both Apple and Google.

Jobs is Back

Steve Jobs with his Apple.After six months off due to a couple medical conditions, Steve Jobs is back at the helm of his beloved Apple. The company announced today that Jobs is back at work several days a week and will work the others from home.

Obviously you’ve heard every twist and turn of the Jobs health rumor mill, but fret no more, at least for a bit. That Steve’s back to work means he’s made significant leaps since his liver transplant, and hopefully we won’t have to hear much more bad news from Cupertino (at least as far as Jobs health is concerned).

Though Apple stock has been effected in the past, this latest news in California had no effect on company shares. Investment analysts attribute the change to investors getting more comfortable with other people running Apple. It probably helps to see that Tim Cook can sell a million iPhones in a weekend.

Jobs Gets “Excellent Prognosis,” No Special Treatment

Steve Jobs looking healthy.After having a liver transplant Steve Jobs is reported to have an “excellent prognosis” by the medical institute responsible for the operation. Nice to hear some good news surrounding a pancreatic cancer survivor, even if he is one with the means to pay for the very best in medical care.

The Methodist University Hospital Transplant Institute also issued a statement with the prognosis claiming Jobs received his liver because he was “the sickest patient on the waiting list at the time a donor organ became available.” This was no doubt released to allay concerns that Jobs may have seen special treatment because of status.

Good news for Jobs means good news for Apple, whose stock dropped some 10 points when the CEO announced his leave of absence in January. There had been speculation about his health leading up to the announcement, though Jobs claimed it was a hormone imbalance until he finally had to leave.

Despite his absence, Apple stock has continued to blow up, surging 60% this year alone. Hopefully we’ll see Jobs taunting handicapped grandmothers in his Cupertino parking lot soon.

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