Some of the mystery surrounding the condition of Apple CEO and founder Steve Jobs ended tonight. Jobs is recovering from a liver transplant he had in Tennessee about two months ago and is expected back at work at Apple soon. The WSJ reports:
Steve Jobs, who has been on medical leave from Apple Inc. since January to treat an undisclosed medical condition, received a liver transplant in Tennessee about two months ago. The chief executive has been recovering well and is expected to return to work on schedule later this month, though he may work part-time initially.
Mr. Jobs didn’t respond to an email requesting comment. “Steve continues to look forward to returning at the end of June, and there’s nothing further to say,” said Apple spokeswoman Katie Cotton.
Tomorrow’s Apple stock may surge Monday on this news as there has been widespread speculation that Jobs would not be able to return to Apple at full strength where that now appears to be a distinct possibility. Under Jobs leadership Apple effectively resurrected itself as a viable technology company after nearly imploding under the pressure of cheap, massive PC sales in the 1990s. Yet thanks to the iPOD, iPHONE, and other Apple gadgets the company has enjoyed a huge resurgence in popularity, prestige, and most importantly for investors….stock price.