NY Times: Jobs Doesn't Have Cancer

Apple CEO Steve Jobs surprised investors and customers on Wednesday when he announced that he is taking a temporary leave of absence to deal with his personal health issues. Concerns that his leave was spurred by a resurgence of cancer, however, are apparently misguided, according to the New York Times.

Unidentified sources familiar with Mr. Jobs's condition claimed that he was not seeing a resurgence of pancreatic cancer, but instead was dealing with a condition that prevents him from absorbing food. He was also advised that stress could be aggravating the problem.

Mr. Jobs said in a letter on Wednesday "In order to take myself out of the limelight and focus on my health and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June."

Company COO Tim Cook will take over day to day operations during Mr. Jobs's absence.