Apple Without Jobs: It's How It Works, Not Just How It Looks

Aug. 26, 2011 5:16 PM ETApple Inc. (AAPL)4 Comments
Bachar Samawi profile picture
Bachar Samawi
744 Followers

Steve Jobs' resignation from the post of CEO at Apple Inc. (NASDAQ:AAPL) on Wednesday, August 24, was inevitable -- only a matter of time. The question on everyone's minds is whether Apple will continue to thrive, or will languish without Jobs at the helm of management.

Apple shares on Thursday dropped as much as 2.97% on an intraday basis, to a low of $365, but closed down only 0.65% from the previous close of $376.18. With rumors of Jobs' demise circulating for years, the ultimate market reaction was in line with Wall Street's wisdom: "Sell the rumor, buy the fact."

On July 22, 2008, when rumors circulated about Jobs' status, Apple shares dropped from $166.29 on the previous close, to an intraday low of $146.53 (-11.9%). On December 30, 2008, when rumors circulated about Jobs' status, Apple shares dropped from $88 to an intraday low of $84.72 (-3.72%). On January 18, 2011, when Jobs announced a medical leave, Apple shares dropped from $348.48 on the previous close, to an intraday low of $326 (-6.5%). When the ultimate resignation materialized, Apple shares closed down only 0.65%. Given past reactions vs. the actual announcement, either such reality was already somewhat built in the stock price, or possibly investors believe Apple will continue to thrive without Jobs as CEO.

In a recent article, 9 hurdles were identified to have contributed to Apple's success. Such hurdles have also helped prevent competitors from "taking a bite out of Apple." One such hurdle that Apple has surpassed with flying colors is creativity and innovation. Indeed, this is where Steve Jobs excels. In Jobs' own words (during an interview conducted with Wired in early 1996), Jobs stated that "creativity is just connecting things." In determining Apple's future, it is important to take a closer look at his full response to

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Bachar Samawi profile picture
744 Followers
Bachar Samawi is Founder of Bachar Samawi Ventures (http://www.samawi.net).Bachar Samawi has over 30-years international experience in finance, trading, new business development, private equity, venture capital and investment management, spanning multiple sectors including Banking, Energy, Technology, Agro, Industry, Healthcare and Real Estate.As Chief investment Officer for one of Qatar Holding’s international $5 Billion subsidiary partnerships (Qatar Holding / Qatar Investment Authority is the $370 Billion Qatar Sovereign Wealth Fund), Mr. Samawi was primarily responsible for evaluating and determining investment opportunities (which include Healthcare, Banking, Energy, Agriculture, and other), as well as launching projects with expected private equity requirement in excess of $100 Million per project. To such effect, Mr. Samawi deployed his Wall Street experience to lead meetings and negotiations with all stakeholders, including government officials and ministers, major banks, investors, financiers, international organizations, global corporations, diplomatic missions, and more. As Vice Chairman of the Board of Directors and Managing Partner for Caltech Developments Limited - Your Global Partner in Energy, Mr. Samawi led strategy & structuring on multi-billion dollar long-term crude oil refining supply negotiations.Mr. Samawi held senior level positions with multi-Billion dollar institutions in the USA and the Middle East including National Energy Group in the Washington DC area (non-regulated subsidiary of $34 Billion Pacific Gas & Electric), where he built the power trading department, Sanwa-BGK in New York (US Primary Dealership subsidiary of Sanwa Bank, which later merged with Tokai Bank and Mitsubishi Tokyo Financial Group, to become today’s $75 Billion Mitsubishi UFJ Financial Group), where he co-founded the Fixed Income OTC Options department, and other international holding companies (diversified in Banking, Industry, Real Estate, Services and Trade).His responsibilities included launching new businesses, setting up departments generating income in excess of $100 Million annually, negotiating and securing partnerships with Top Five international conglomerates in Energy and Finance, advising Board of Directors on Strategic Ventures, acting as Interim CEO, trouble-shooting and turning around struggling businesses, optimizing financial and real estate portfolios, and more. Samawi graduated from Yale University with a double major in Computer Science and Economics. He has also completed numerous certifications in Finance and Management & Leadership training and is fluent in English, French and Arabic. Samawi has also authored numerous articles and white papers, and has given speeches throughout the world including France, Germany and the USA.https://twitter.com/#!/bacharsamawi

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