January 14, 2009
Steve Jobs, CEO of Cupertino-based Apple Computer (AAPL: 111.78 -0.77%) has discovered that his medical condition is worse than expected, and will be out on medical leave until the end of June. Steve Jobs has been instrumental in bringing Apple back from the brink and investors showed their concern driving the stock down more than 6% in after-hours.
Thanks to the legendary Steve Jobs, Apple has been on a growth tear over the past several years and Apple’s correspondingly voracious appetite for space have helped Cupertino be one of the strongest office markets in the valley. Things will likely proceed with more caution at Apple.
We wish him the best.
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- Hewlett Packard Reducing Real Estate Footprint by 25% in Cupertino and Palo Alto