Thursday, December 28, 2006

AAPL: Jobs' Demise Is Priced In

As far as the options backdating and AAPL goes, I honestly don't think it will lead to Jobs' resignation. However, I think Jobs' departure is already priced in, not because of the options, but because the company has been mum about his pancreatic cancer a couple years ago. If they're not talking, you have to anticipate that he could drop dead any day now. Not that he necessarily will, but if he's not vocal about having a clean bill of health, you have to assume otherwise.

In other words, don't worry about the options scandal; a lot of investors have already envisioned an AAPL without Jobs.

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