What role do you think the dependence on Jobs as figurehead and visionary leader still plays in the psyche of Wall Street?
Plenty. Note the bump in AAPL with the announcement that he'd be addressing the WWDC. I believe this was far more reassuring to investors than confirmation of the iCloud service, which has been rumored for months, and still hasn't taken any kind of known form. Questions about Steve's ability to lead will continue to haunt the stock until such time as Apple takes decisive measures to address the issue. By all indications, they probably will not do so until it's too late to reassure investors, and AAPL could very well continue to languish.
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What role do you think the dependence on Jobs as figurehead and visionary leader still plays in the psyche of Wall Street?
Plenty. Note the bump in AAPL with the announcement that he'd be addressing the WWDC. I believe this was far more reassuring to investors than confirmation of the iCloud service, which has been rumored for months, and still hasn't taken any kind of known form. Questions about Steve's ability to lead will continue to haunt the stock until such time as Apple takes decisive measures to address the issue. By all indications, they probably will not do so until it's too late to reassure investors, and AAPL could very well continue to languish.