Secrecy on Jobs' departure fuels speculation

 

 
 
 
 
Apple chief executive Steve Jobs introduces the iPhone 4 during the keynote address at the Apple Worldwide Developers Conference in San Francisco on June 7, 2010.
 

Apple chief executive Steve Jobs introduces the iPhone 4 during the keynote address at the Apple Worldwide Developers Conference in San Francisco on June 7, 2010.

Photograph by: Ryan Anson, Getty Images

Get ready for the Apple rumour machine to crank into high gear again.

Apple Inc.'s tight-lipped approach to disclosure is seen stoking the fires of speculation over Steve Jobs' condition -- and the fortunes of the most valuable technology company on the planet -- following news about the visionary co-founder's third medical leave of absence.

Apple revealed virtually no information about its CEO's condition in announcing Monday his decision to step away. Jobs said only that he will take a leave of absence, "so I can focus on my health."

"I love Apple so much and hope to be back as soon as I can," said Jobs, a pancreatic cancer survivor who had a liver transplant in 2009.

"In the meantime, my family and I would deeply appreciate respect for our privacy," he said in a statement.

Even in the cloak-and-dagger world of Silicon Valley, where meetings are often preceded by the customary signing of nondisclosure agreements, Apple stands out. Renowned for its obsession with secrecy, its policy begins with Jobs and trickles all the way down to employees in its retail stores.

Investors have come to deal with Apple's penchant for mystery so long as the profits, and agenda-setting gadgets, roll in. Apple's shares have been surging for the better part of a decade, and it is now the second-largest U.S. company by market valuation.

But the information vacuum left in the wake of Jobs' decision could end up serving as an echo chamber for rumours and supposition in Silicon Valley and beyond.

The Jobs health gossip mill first cranked into overdrive in the summer of 2008, when the CEO showed up at a company event looking gaunt.

Well before Apple acknowledged the severity of Jobs' health issues, bloggers and the mainstream press remarked on his appearance. At the time, the company said he was fighting a "common bug" and later called Jobs' health a private matter.

Apple-focused message boards Monday were buzzing with activity from the dedicated but worried fans, speculating about Jobs' condition and wishing him a speedy recovery, even as they wondered whether he would ever return as CEO.

 
 
 
 
 
 
 
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Apple chief executive Steve Jobs introduces the iPhone 4 during the keynote address at the Apple Worldwide Developers Conference in San Francisco on June 7, 2010.
 

Apple chief executive Steve Jobs introduces the iPhone 4 during the keynote address at the Apple Worldwide Developers Conference in San Francisco on June 7, 2010.

Photograph by: Ryan Anson, Getty Images

 
 
 
 
 
 
 

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