Apple founder Steve Jobs to step down for five months.Byline: ANI New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Jan.15 (ANI): Apple founder and chief executive Steve Jobs is to step down from his front-line role at the consumer technology giant for five months because of health-related problems. According to the Telegraph, Jobs, 53, fought off pancreatic cancer five years ago. His decision to lay himself off for five months is likely to rekindle speculation about his likely successor, the paper added. Jobs revealed in an e-mailed statement to Apple employees that he will take a medical leave of absence until June, handing over some of his day-to-day responsibilities to chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Tim Cook while continuing to be involved in strategic decisions. Shares in Apple fell dramatically in extended trading, falling by as much as 12 percent at one stage before settling to trade down seven percent as soon as the announcement was made. Jobs' admitted last week that he was suffering from a hormone imbalance. A fact that he has now revealed is that he is having treatment for a nutritional ailment that is reported to be more serious. (ANI) Copyright 2008 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency. (ANI) - All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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