Argus Research: Jobs isn’t sick
Posted by Dennis Sellers 
Jan 2, 2009 at 11:09am
Argus Research analyst Wendy Abramowitz, in a note to clients, says that she doesn’t believe Apple CEO Steve Jobs’s health is deteriorating, as has been speculated (as reported by Barron’s).
Nevertheless, Abramowitz lowered her earnings estimate for Apple for the December-ended fiscal Q1, from US$10.1 billion and $1.54 in earnings per share to $9.7 billion and $1.52, which appears to have mainly to do with the fact that December’s margins will be lower than the December quarter of 2007 when the company was riding the release of the Leopard operating system. Cronin says Apple has a “strong” long-term position, and that “the company will begin to expand the responsibilities of other top executives to plan for a successful adjustment,” if Jobs should relinquish some of his duties, according Barron’s.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 10,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
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