Apple CEO Steve Jobs takes medical leave

Published : Jan 18, 2011 - 10:34 Updated : Jan 18, 2011 - 10:34

SEATTLE _ Apple Inc. CEO Steve Jobs, the charismatic frontman for the company that overturned the smart phone industry and invented a new category of tablet computers, is taking a second medical leave of absence in two years.

In the last decade, Jobs, 55, has survived a rare but curable form of pancreatic cancer and undergone a liver transplant. The news that he will again step down from his day-to-day role raises serious questions about the CEO's health.

But analysts believe the company Jobs shepherded from garage startup to a $65 billion technology trendsetter is in good hands with the current slate of talented executives _ even as Apple, now the Silicon Valley player to beat, faces increasing competition.

Jobs has played the role of industry oracle, seeming to know what consumers want even before they do. He is also known as a demanding and hands-on leader who is involved in even the smallest details of product development. Investors have pinned much of their faith in the company on Jobs himself, sending shares tumbling on every bit of news or rumor of his ailing health.

Apple CEO Steve Jobs is holding up the new iPad during a product announcement in San Francisco. Jobs sent a note Monday, Jan. 17, 2011 to employees saying he's taking a medical leave of absence so he can focus on his health. (AP-Yonhap News)

For now, very little is known about Jobs' current condition.

Apple did not provide any information beyond a six-sentence note from Jobs to employees announcing his leave, leaving unanswered questions about whether the CEO is acutely ill, whether the leave is related to his 2009 liver transplant or whether he is at home or in a hospital.

Unlike Jobs' 2009 leave of absence, when he vowed to return to work in just under six months, Jobs did not say in the note made public Monday how long he would be on leave this time. He said he will continue as CEO and will be involved in major decisions. Chief Operating Officer Tim Cook will be responsible for all day-to-day operations.

``I love Apple so much and hope to be back as soon as I can,'' Jobs wrote. ``In the meantime, my family and I would deeply appreciate respect for our privacy.''