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Apple chief, Steve Jobs Steps Down
The founder himself revealed via email to his employees that he will be on a medical leave and will hand over the responsibilities to chief operating officer Tim Cook. However, Jobs will continue to participate in the strategic decisions of the company.
There was a 12 percent fall in the Apple shares in extended trading and finally settled to a seven percent trade down after the announcement was declared.
The last week saw Jobs admitted for hormonal imbalance and he also revealed that currently he is undergoing treatment for nutritional ailment. AGENCIES
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Article Published On: Friday, January 16, 2009, 14:11 [IST]
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