New Money

Steve Jobs' Leave of Absence: The Plot Thickens

By Katy Marquardt

Posted: January 14, 2009

Steve Jobs told Apple employees today that he's taking a leave of absence through June to focus on his health issues. Here's the full text.

In his Apple Unvarnished column, Mitch Wagner compares Apple's handling of Jobs' health problems to the Clinton administration's handling of the Monica Lewinsky scandal. Apple has been making statements that were "literally true," Wagner says, "but ultimately misleading. That's going to have Apple watchers taking a microscope to every statement and action by Apple to find out what the company really means."

You can pretty much count on that. Bloggers haven't been buying what Apple's been selling. Heck, even endocronologists are skeptical. It seems that investors are, too: Apple's stock dropped 10 percent after the news broke.

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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