Wednesday, December 16, 2009, 1:53AM ET - U.S. Markets open in 7 hours and 37 minutes.

Is there a silver lining in Steve Jobs’ leave of absence for Apple investors? His co-founder Steve Wozniak sees one. I just left the set of a new tech show produced by our local NBC affiliate, and as coincidence would have it, “Woz” and I were both guests. Wozniak said that when most creative types take a time out, they tend to have a flood of ideas. After all, it was after Jobs’ last leave from the company that we got the iMac, the iPod, the iPhone, and an entirely new Apple.
Wozniak was clear to say he hadn’t talked to Jobs recently, and expressed some frustration at the amount of ink and airtime that had gone into discussing Jobs’ health. He added that some of the alarm was overstated, given how large of a pipeline of products a company like Apple has and how long they take to get to market.
For more on Wozniak’s view of the situation and thoughts about where technology is going, catch the show “Press Here” online Sunday. Of course, for an extra dose of Woz, relive his Segway jousting match with our own Andy Kessler.
New Google diet
New Google employees are said to gain a “Google 15” when they start work, thanks to the lush cafeteria that provides three-meals-a-day. But it seems the company itself got a little too fat during the good times. The company is laying off one hundred people, and shutting many of the properties it acquired over the last few years that never got traction. They include new uploads to Google Video, Google Catalog Search, Google Notebook, Dodgeball, Google Mashup Editor and Twitter-competitor Jaiku.
Danny Sullivan of Search Engine Watch notes that Jaiku is the only one that doesn’t have a similar Google-owned service users can migrate use instead. Facebook made a run at acquiring Twitter, but the two companies couldn’t come to terms. Might Google be the next to bid on the hot micro-blog site? It certainly would give Twitter chief executive Evan Williams a feeling of déjà vu. Google acquired his first company, Blogger, back in the last downturn, and those pre-Google IPO shares funded the beginning of Twitter’s life.
Slumping PCs
In an earlier segment today, Roger McNamee—in all his long-haired glory—told investors to avoid PC companies, and Gartner Research backs his bullishness up. The firm said in the fourth quarter of 2009, the PC industry had its worst shipment growth rate since 2002. Softness was felt in the U.S. but also in Europe, the Middle East and Africa. Even the Asia/Pacific region was hit, experiencing the worst shipment growth since Gartner has ever tracked. The one bright spot was Latin America, which met expectations but still slowed in growth compared to past quarters. Most analysts expect this is just the beginning of a slew of bad fourth-quarter news for tech and PCs.
New study on social networking
Lastly today, Pew Internet has a new study that proves that social networking isn’t a fad and isn’t just for the kids. The percentage of adult Internet users who use social networking companies like LinkedIn, MySpace, Facebook has increased from 8% in 2005 to 35% today.
In terms of percents, 65% of teens use social networks, but the raw number of adults is far higher. Both trends augur well for the social networking. The more than quadrupling of adults using the service shows the sites are rapidly expanding into the broader market. But the near-double percentage of teens proves that the trend will only become ubiquitous as today’s teens grow up.
How about creating a slew of jobs by beheading all the guilty greed mongers? If we hold the officers of the companies accountable, and also the politicans we will have lots of new high paying jobs people can fill!
exactly right. A mind's a terrible thing to waste; Steve's will keep cooking, and so will others'. Ya'll need to chill a bit.
Is it my imagination, or does Tim Cook look slightly thinner than the last time we saw him? What is Apple hiding?
If he will leave....Leave..... no more too much publicity.....He is not well due to his health.......Do he needs money....The answer is no...he is rich........How about hospitalization.....He is covered by his personnal insurance and I belived Aplple will pay him for that purpose......To be honest too much publicity is not good...It is annoying.......
Steve is tough, nothing will stop his briliance.
Re: Slumping PCs, the article states, "The firm said in the fourth quarter of 2009, the PC industry had its worst shipment growth rate since 2002." Wow, the year 2009 went by so fast. It seems like we were saying "Happy New Year 2009" a couple of weeks ago. Wait, it WAS just a couple of weeks ago that we welcomed 2009. Either Gartner Research has a really good crystal ball, or Ms. Lacy's editor is asleep at the switch.
I fear Steve Jobs is dangerously close to having worked himself to death. Is this how we define success? I have enough now and I want to live to enjoy it. I think it’s time to re-explore that ‘60s idea of “Dropping Out of the Rat Race”.
For those who say Apple has life after Steve Jobs, I ask you to look at the history. EVERY CEO other than Jobs has been an unmitigated DISASTER. Remember Gill Ameilio? Those are the kind of incompetent "whack-jobs" who thought they could run Apple like a soda factory. Apple has more flakes in its ranks than Kellogg. Sometimes brilliant flakes, but flakes nevertheless. Steve Jobs understands the technology business AND he's a visionary AND he knows how to make the flakes at Apple play nice with each other. Without him, Apple is like an orchestra without a conductor (or should I say maestro!)
jobs and apple LIED to investors. it isn't personal when you have a PUBLICLY traded stock. scumbags. and the little sissy fanboys in the media who helped cover it up and even now minimize the LYING TO INVESTORS are worse scum.
Steve will come back if he can. What more can you ask of the man? As for the courageous (anonymous) user posting above me about all the "scum" who dared to "lie to investors" or to soft-pedal their stories about a well-loved man who is ill... I would submit to you, as an Apple shareholder myself, that even if someone at Apple did lie... even if Steve himself stretched the truth before MacWorld... and neither of those have been proven, just accusations made by *cough* a bunch of foul-mouthed investors, but... even if you accept all that..... ...he's still a human being. We're all reasonable people here. Steve Jobs has proven himself, among other things, as having Apple's best interest at heart -- and that includes shareholders. As I say, he'll be back when he thinks he can add value; meanwhile his judgment says to get out of the way and take care of himself. THIS investor has confidence in Steve's judgment, including this particular decision. Meanwhile, if you read Yahoo Finance's Message Board for AAPL... it would be hard not to come away with the impression that the Investment community are a lot of angry, petty, foul-mouthed cry-babies. Never in my working life have I encountered a group of people as consistently and protractedly self-absorbed, entitled, angry, bitter, self-serving, and generally dissatisfied and disagreeable as is the bunch of regulars on that board. They mostly sound just like the tone of the 12:19pm anonymous post in this thread. Even when the stock is up. But especially now. To those of you that are so unhappy as Apple stockholders, I say: get out. GE will take your money. So will M$ or Dell. They'd love it. I guess you're too late to invest in Circuit City, though, too bad. Me, I'll double-down on your firesale prices and hope for Steve's recovery. Even If he doesn't recover, I'll be there for what happens next. All you whiners can go scratch dirt.
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john - Thursday January 15, 2009 06:14PM EST
Give Mr. Jobs some time off. The stock and most importantly -- the company will survive AND continue to lead the way. Don't freak.