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WSJ reporting Steve Jobs had liver transplant
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WSJ reporting Steve Jobs had liver transplant two months ago
http://online.wsj.com/article/SB124546193182433491.html#mod=testMod
Article goes on to say Jobs is due back at Apple at the end of
june.Signature
Striving to exceed the needs of the future.
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It’s on the BBC as well. It’ll be interesting to see how the stock reacts. According to liverdisease.com:
...approximately 85 to 90 percent of people will survive at least one year, and approximately 75 to 85 percent of people will survive at least five years after receiving a new liver. Not only can people live a long life after a liver transplant (one person has been living with a transplanted liver for over thirty-two years!), but the quality of life is typically excellent. Most people can return to their regular jobs and daily routines without limitations.
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Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting. ? Jesse Livermore
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John Molloy
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Interesting that this should hit the wires on the day that the 3g s was released! I’m just saying.
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John Molloy
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John Gruber is intrigued by the story.
Several readers sent this Barron?s Tech Trader Daily link to me when it was new, but I decided against linking to it because it was just so sketchily sourced. This rumor from April had Jobs moving to Tennessee for medical treatment ? but for ?pancreatic cancer?, not a liver transplant.
I?ve ignored a slew of Jobs-related rumors over the past year because of the sourcing. But tonight?s bombshell story in the WSJ is completely unsourced. I can?t recall anything like this before: a top news source (and in this case, the preeminent U.S. business news source) reporting an enormous scoop about an important figure without even a hint, nothing, about where the information came from.
The timing makes me think it was a leak from Apple. But the complete and utter lack of sourcing makes me wonder if the leak came from someone legally obligated not to reveal Jobs?s private medical information. And if the Journal knows that Jobs had a liver transplant, why don?t they know which hospital performed it?
Article can be read here.
If you go via google news you can access the whole of the original WSJ article rather than having to register at WSJ.
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(Bloomberg.com Jan 16 - first report?)
Timing certainly looks like Apple had a hand in this. What’s the betting SJ will be officially seen in public this week?
Given that outcomes are generally good, handling has been correct by Apple IMO, preserving privacy so far as possible - reporting expected outcome (back in 6 months) - reiterating that statement after successful surgery.
Best wishes to Steve - stay at home whenever you want.
(edit: Regarding Daring Fireball’s “why Tennessee”. Because it has the shortest waiting list for donor livers (48 days?). Using his wealth to bypass waiting lists is probably not something either SJ or the best surgeons would approve.)
[ Edited: 20 June 2009 08:01 AM by sleepytoo ] -
Given the known long standing ties of Apple to Walt Mossberg of the WSJ, and Walt’s proven history of keeping mum when required, this { if true } would make sense as the way that AAPL would “leak” this news, AND the timing { Friday after the markets close and on the day when other good news the successful release of iPhone 3 } also lends to the credibility.
But over the past few months, there have been substantiated reports of Steve spending considerable time, money, and effort on a new home, something that a man facing possible death generally would not be concerned about.
IF TRUE, we should be concerned for, and wish and pray for Steve and his family in these times.
One has to wonder if coming back to Apple is what we should want for Steve. The man is a multi billionaire, being the largest shareholder in Disney after selling PIXAR to them.
{ on an aside, last night I saw UP, the newest Disney/Pixar movie. AMAZING movie, tugging at your heartstrings, providing laughs, tears, and Zenlike contemplation of life, goals, disappointments, and aspirations all at the same time, GO GO really, take the family, including your parents with you if they are still alive. }
Steve could and should “retire” if this article proves out as true. He has created more ideas, wealth, and changed the world more than 99.9% of the humans alive today. Time to slow down, enjoy the wealth, and maximize time with family, friends and community. He could come back, since they made these promises, but after a suitable SHORT TIME, lower his profile to consultant, and adviser to. After all, when you think on it, Apple has been an aspirational labor for Steve, given his “salary” of $1, you have to understand that he worked for the last two years for Apple at a HUGE PERSONAL *NEGATIVE* loss, since the stock was up to $202 and hasn’t seen that level for a long long time now.
Apple just needs his vision, they have it now in the bank for years to come, and they need his ability to say NO to so many things, those two don’t require daily inputs.
No matter which way this goes, I offer a hearty salute to one extraordinary man, one who came from literally nothing, and showed that with vision, innovation, drive, and a singular peruit of excellence, created tools, visions, dreams, laughs in many various areas of life.
From Toy Story to iPhone, everything Steve has touched, molded, and brooded over went on to change industries, create wealth, and add enjoyment to our lives.
If only America could clone Steven Jobs and put one of him in charge of most of the firms that never seem to get things right, and have wallowed and muddled us into this current situation we are all burdened with.
And for believers, a few prayers are in order as well.
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“Even in the worst of times, someone turns a profit. . ” —#162 Ferengi: Rules of Acquisition
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Excellent editorial Tan and reflect my and others sentiments.
I believe this story. This is an Apple generated story in content and timing. I do not know how the market reacts. Apple will surge forward even if it does sell off Monday AM. I expect a press release from Apple before the opening Monday.
He will not retire IMO. He is mentally driven to (as he says) ‘‘put a ding in the universe’’ He has the best job in the world why give it up. Course he could change titles to show the market a future transition is in place. Believing in Steve Jobs and Apple has been greatly rewarding for long term investors and customers alike. Apple is like Christmas for grownups. He and Apple are so far ahead of the contemporary consumer tech curve it is hard to put a value on this American company. Following the greed and malfeasance of Wall Street and Banks If the U.S wanted to put a face on their corporate profile to the rest of the world it should be that of Steve Jobs and Apple Computer Corp. -
Excellent editorial Tan and reflect my and others sentiments.
I believe this story. This is an Apple generated story in content and timing. I do not know how the market reacts. Apple will surge forward even if it does sell off Monday AM. I expect a press release from Apple before the opening Monday.
He will not retire IMO. He is mentally driven to (as he says) ‘‘put a ding in the universe’’ He has the best job in the world why give it up. Course he could change titles to show the market a future transition is in place. Believing in Steve Jobs and Apple has been greatly rewarding for long term investors and customers alike. Apple is like Christmas for grownups. He and Apple are so far ahead of the contemporary consumer tech curve it is hard to put a value on this American company. Following the greed and malfeasance of Wall Street and Banks If the U.S wanted to put a face on their corporate profile to the rest of the world it should be that of Steve Jobs and Apple Computer Corp.Well put! I don’t see Steve leaving the fun of pinging the world with “insanely great” products. But I do see him continue to make efforts to lower his public profile as THE face of Apple. At that’s probably a good thing, for both Apple and Steve. The team he has assembled has demonstrated its competence during his absence. SJ’s return in late June is icing on the cake. Personally, I welcome the health news in the WSJ—from what I’ve read there and other sources, his prognosis is very good. There’s always some uncertainty for transplant patients, but I think there is less uncertainty today re: SJ’s health than there was a week ago. And I think that’s how WS responds to it next week.
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Well said tan.
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DawnTreader
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IF TRUE, we should be concerned for, and wish and pray for Steve and his family in these times.
Started on that early this morning, as soon as read the WSJ on my iPhone.
I’ll continue to pray for a successful outcome and that the press let’s the guy have a life. After this kind of event we may be even more amazed at innovations to come. The perspective, insights and wisdom gained through this ordeal I prayerfully hope will enrich his life and, should he choose to return fill-time to Apple, deepen the resolve to create and market meaningful products that enhance the human experience.
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I found out via the iPhone 3.0 Stocks app’s news section (which of course had the headline from the WSJ).
True or not, hopefully Steve Jobs is taking the WSJ article in stride, like he has with pretty much all of the other coverage, attempted coverage or rumors about his health. (Bloomberg and Joe Nocera being possible exceptions, but hey, he’s only human.)
Wall Street is finally realizing, I think, that Apple is more than SJ and can thrive without him, though of course Apple still benefits immensely from SJ’s vision and leadership. We’ll just wait to see what happens by the end of June (for SJ’s leave of absence), and the beginning of this week (to see where this spectacularly-unsourced-yet-sounds-pretty-confident story goes from here).
[ Edited: 20 June 2009 06:55 PM by Mav ]Signature
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Thanks, Steve. -
IF TRUE, we should be concerned for, and wish and pray for Steve and his family in these times.
Started on that early this morning, as soon as read the WSJ on my iPhone.
I’ll continue to pray for a successful outcome and that the press let’s the guy have a life. After this kind of event we may be even more amazed at innovations to come. The perspective, insights and wisdom gained through this ordeal I prayerfully hope will enrich his life and, should he choose to return fill-time to Apple, deepen the resolve to create and market meaningful products that enhance the human experience.
I wouldn’t worry too much about the press letting the guy have a life. \He seems to know how to protect his privacy.
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The higher I go the more I see;
The more I see the less I know,
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This story will quickly fade if SJ walks into work on Mon. and announces that 1M iPhones were sold the past weekend. :wink:
Until then, we will just pray for his continued health.
(Full disclosure: My mom had a single lung transplant due to IPF. Due to an undetected fungus that was in the lung when it was transported, she died about 15 months later.)
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“Once we roared like lions for liberty; now we bleat like sheep for security! The solution for America’s problem is not in terms of big government, but it is in big men over whom nobody stands in control but God.” ?Norman Vincent Peale
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Great post, Tan!
As an Apple shareholder, I appreciate the contribution of Steve Jobs to the company, on technology and my bank balance. I think he truly has his dream job which is why he is willing to work for $1. His first priority should be safeguarding his health, but if he can find the time to polish up the tablet project, I would be grateful.
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Striving to exceed the needs of the future.
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In reading up on liver transplants, there is quite a waiting list for patients in need. In light of things, my decision last December to become an organ donor makes me feel even better about it.
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As I have posted before, I have observed a 9 month cycle of dramatic declines in Apple share prices, the last being early October 2008. If this SJ health report causes a significant decline in share price next week it will be right in line with this 9 month cycle. This is one of the reasons I have been holding a significant amount of cash since late May, rather than being all in AAPL. I suppose we’ll see if the pattern continues next week.
