Wow...just wow.
Quote
PRESS RELEASE: Letter from Steve Jobs
August 24, 2011–To the Apple Board of Directors and the Apple Community:
I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come.
I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.
As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.
I believe Apple's brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.
I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.
http://blogs.wsj.com/deals/2011/08/24/steve-jobs-resigns-as-apple-ceo/ (http://blogs.wsj.com/deals/2011/08/24/steve-jobs-resigns-as-apple-ceo/)
Not too surprising. I just hope Steve's health is ok and this isn't a sign of things getting worse on that front. He's certainly made his mark in the field of tech and should feel proud of how far Apple has come. Be well Steve!
How much do you think the Apple stock will drop tomorrow in the stock market?
I guess with all that's been going on lately this one caught me off guard. With google/motorola, HP killing mobile/spinning off PC business and the death of a much loved Canadian politician earlier this week I kind of figured all the news was done.
Of course I wish Steve all the best and hope he pulls through whatever difficulties he is facing.
Where the heck is Bryan on all this? Hope he hasn't pulled himself into a dark closet hugging his favorite blanket. ;)
Maybe 10% on the stock price. The investment community had long ago begun to evaluate the companies prospects, future product development, and future potential earning as a post Steve Jobs company. I believe I mentioned here when he left the last time that I was assuming he was never coming back. It certainly is going to present an opportunity, maybe not tomorrow but shortly, to buy the stock. I have very little right now as I am market bearish and have moved out of equities for the time being including a lot of my Apple. I will now look to return to the long side of the trade based on this news and any meaningful pullback.
It was inevitable and expected.
$355 is near term support for the stock. If it breaks through that then $310-$320 would be my target.
I think it is down 5% in after markets. Truly and end of an era. There are supposedly about 2 years worth of stuff in the pipeline still that bear his signature - and hopefully he can still impart his vision for some time as Chairman.
I don't see what the big deal is with him leaving. I'm pretty sure that the guys in the tech department were the ones that came up with the ideas and they were implemented well, but I don't see much changing with his departure.
It will be his marketing genius and big picture view which will be hard to replace.
I wish him well. He made a great refreshing CEO, very passionate.
Quote from: X on August 24, 2011, 06:52:09 PM
I don't see what the big deal is with him leaving. I'm pretty sure that the guys in the tech department were the ones that came up with the ideas and they were implemented well, but I don't see much changing with his departure.
That's not quite what has been reported over time. Steve was much more involved than a typical CEO in the day-to-day product development at Apple - again at least from what has been reported. I don't work for Apple, so I can only go by what tech people close to the sources have said. While I don't want to overstate his influence and guidance when he was CEO, I think you need to give credit where credit is due.
If it weren't for Steve, Apple would still be a cute little niche hardware company and not the multi-billion dollar giant it is today.
His micro-managing style is legendary, not what you would consider progressive at all.
Terrible tantrums or seductive Svengali, Steve Jobs is a rare bird.
If anything I'll miss his keynotes. He has a style all his own.
I was interesting listening to TWiT Live yesterday, Leo and my doppleganger (so Rico says) Tom Merritt were running full CNN-style running commentary and analysis.
Quote from: billybob476 on August 25, 2011, 06:01:15 AM
If anything I'll miss his keynotes. He has a style all his own.
I was interesting listening to TWiT Live yesterday, Leo and my doppleganger (so Rico says) Tom Merritt were running full CNN-style running commentary and analysis.
Well we've still got Steve Ballmer! :roflmao
Without sounding like too much of a fanboy...
Before the second coming of Steve as CEO, Apple had really lost it's way:
Offering many similar configured computers for sale
An ageing OS
Licensed clones beating Apples sales
eMate, Newton, Pippin,
Only about 2% market sales,
The company and needed a strong hand to pull it back from the brink.
Immediate action taken
Clones where killed
Newton and other projects where out.
New iMac lineup in fruity flavors
New Unix based OS (Yay!)
iPod and iTunes
Steve was back
Leo said something interesting on TWiT Live, the iPad is the computer that Steve set out to build when he founded Apple. It's the computer for everyone else. If he had left before the iPad was released, his work wold not have been done.
Quote from: billybob476 on August 25, 2011, 07:14:56 AM
Leo said something interesting on TWiT Live, the iPad is the computer that Steve set out to build when he founded Apple. It's the computer for everyone else. If he had left before the iPad was released, his work wold not have been done.
Well that might be a bit of a stretch. Maybe if he said the iPad was the computer Steve set out to build after watch TNG in 1987.... :)
Quote from: Dangelus on August 25, 2011, 07:16:56 AM
Quote from: billybob476 on August 25, 2011, 07:14:56 AM
Leo said something interesting on TWiT Live, the iPad is the computer that Steve set out to build when he founded Apple. It's the computer for everyone else. If he had left before the iPad was released, his work wold not have been done.
Well that might be a bit of a stretch. Maybe if he said the iPad was the computer Steve set out to build after watch TNG in 1987.... :)
LOL!
I don't mean in form factor, but in use case.
If you want to really understand the man, read this:
Steve Jobs Commencement Address at Stanford University in 2005
I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I've ever gotten to a college graduation. Today I want to tell you three stories from my life. That's it. No big deal. Just three stories.
The first story is about connecting the dots.
I dropped out of Reed College after the first 6 months, but then stayed around as a drop-in for another 18 months or so before I really quit. So why did I drop out?
It started before I was born. My biological mother was a young, unwed college graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife. Except that when I popped out they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking: "We have an unexpected baby boy; do you want him?" They said: "Of course." My biological mother later found out that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would someday go to college.
And 17 years later I did go to college. But I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents' savings were being spent on my college tuition. After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting.
It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms, I returned coke bottles for the 5¢ deposits to buy food with, and I would walk the 7 miles across town every Sunday night to get one good meal a week at the Hare Krishna temple. I loved it. And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on. Let me give you one example:
Reed College at that time offered perhaps the best calligraphy instruction in the country. Throughout the campus every poster, every label on every drawer, was beautifully hand calligraphed. Because I had dropped out and didn't have to take the normal classes, I decided to take a calligraphy class to learn how to do this. I learned about serif and san serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can't capture, and I found it fascinating.
None of this had even a hope of any practical application in my life. But ten years later, when we were designing the first Macintosh computer, it all came back to me. And we designed it all into the Mac. It was the first computer with beautiful typography. If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts. And since Windows just copied the Mac, it's likely that no personal computer would have them. If I had never dropped out, I would have never dropped in on this calligraphy class, and personal computers might not have the wonderful typography that they do. Of course it was impossible to connect the dots looking forward when I was in college. But it was very, very clear looking backwards ten years later.
Again, you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.
My second story is about love and loss.
I was lucky — I found what I loved to do early in life. Woz and I started Apple in my parents garage when I was 20. We worked hard, and in 10 years Apple had grown from just the two of us in a garage into a $2 billion company with over 4000 employees. We had just released our finest creation — the Macintosh — a year earlier, and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.
I really didn't know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down - that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the valley. But something slowly began to dawn on me — I still loved what I did. The turn of events at Apple had not changed that one bit. I had been rejected, but I was still in love. And so I decided to start over.
I didn't see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.
During the next five years, I started a company named NeXT, another company named Pixar, and fell in love with an amazing woman who would become my wife. Pixar went on to create the worlds first computer animated feature film, Toy Story, and is now the most successful animation studio in the world. In a remarkable turn of events, Apple bought NeXT, I returned to Apple, and the technology we developed at NeXT is at the heart of Apple's current renaissance. And Laurene and I have a wonderful family together.
I'm pretty sure none of this would have happened if I hadn't been fired from Apple. It was awful tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don't lose faith. I'm convinced that the only thing that kept me going was that I loved what I did. You've got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don't settle.
My third story is about death.
When I was 17, I read a quote that went something like: "If you live each day as if it was your last, someday you'll most certainly be right." It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: "If today were the last day of my life, would I want to do what I am about to do today?" And whenever the answer has been "No" for too many days in a row, I know I need to change something.
Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.
About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn't even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctor's code for prepare to die. It means to try to tell your kids everything you thought you'd have the next 10 years to tell them in just a few months. It means to make sure everything is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes.
I lived with that diagnosis all day. Later that evening I had a biopsy, where they stuck an endoscope down my throat, through my stomach and into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated, but my wife, who was there, told me that when they viewed the cells under a microscope the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I'm fine now.
This was the closest I've been to facing death, and I hope it's the closest I get for a few more decades. Having lived through it, I can now say this to you with a bit more certainty than when death was a useful but purely intellectual concept:
No one wants to die. Even people who want to go to heaven don't want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life's change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.
Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.
When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960's, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and polaroid cameras. It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions.
Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: "Stay Hungry. Stay Foolish." It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.
Stay Hungry. Stay Foolish.
Thank you all very much.
They played this during the TWiT coverage last night. It's a great speech.
Good article here too and a pic of Steve back in the day!
http://technolog.msnbc.msn.com/_news/2011/08/24/7464047-jobs-resignation-marks-storied-career (http://technolog.msnbc.msn.com/_news/2011/08/24/7464047-jobs-resignation-marks-storied-career)
Anybody seen this?
Pirates of Silicon Valley
http://uk.imdb.com/title/tt0168122/ (http://uk.imdb.com/title/tt0168122/)
A pretty interesting movie about the early days of Apple and Microsoft, Bill Gates and Steve Jobs etc.
Yeah I enjoyed that movie.
I love his speech above, however, it's easier for some to..."so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary..." For many of us, me included, you have little choice BUT to waste your life living someone elses, and allow their opinions rule your everyday living. We HAVE to work at jobs that suck the soul right out of us in order to make a meager living. All too often we have little choice but to ignore our hearts and intuition in order to pay the bills...sorry for being such a downer. Reality...what a concept!