If you like computer fruit, then you'll know the phrase: It's the sentence used by Apple CEO Steve Jobs to introduce a product surprise at the end of one of his keynote presentations. I think we might hear the following variation on the theme from Mr Jobs later this year: Oh, and one more thing - here's my successor!
Whence that outrageous allegation, now that we know about Mr Jobs' value to the firm? That's exactly the point. If Mr Jobs were to resign from Apple just like that, this would likely cause a considerable drop in the share price, ceteris paribus.
But I have a feeling that Mr Jobs his character is not one to allow for that assumption that everything else remains the same: he'll just change it thanks to his famous RDF. That's what's happening now at One Infinity Drive IMHO: Apple is being preened for an important change in the near future. The technology leadership in the No 1 strategic asset (OS X) is affirmed with Leopard, and its installable base is multiplied by the introduction of the iPhone, Apple TV and another thing that we don't know of, yet. Market demand for all these items will easily beat expectations and the Mac market share will expand, too, pushing the stock price through the roof. And then ... then we'll get that ominous announcement in a carefully orchestrated fashion so as to minimise the damage. I have a feeling that this is Mr Jobs' Grand Plan that goes well together with his dramatic persona. Remember, you've read it here first.
One more thing ...
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Ok...I'm going to put a star next to this post to remind me to come back to it in the future to see if you're correct.
AAPL closed at 95.85 on March 26, 2007.
Thanks for reminding me - I bought it about three years ago @ 14 and something ...
Don't worry about checking back. When the headline hits the street, you'll remember! ;)
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