Apple boss Steve Jobs has announced plans to take a medical leave of absence until the end of June, due to his ongoing health problems.”During the past week I have learned that my health-related issues are more complex than I originally thought,” he said yesterday in an email to employees. COO Tim Cook will handle day-to-day operations in Jobs’ absence.In 14 minutes’ trading after the news was made public, Apple’s share price dropped nearly 10%, knocking $6.4 billion off the company’s market cap – reflecting investors’ concerns that Jobs is battling a reoccurrence of the pancreatic cancer he suffered in 2004.
Apple shares plummet as Steve Jobs announces medical leave of absence
