Illness Sidelines Steve Jobs

01/15/2009
. (Billboard) Apple CEO Steve Jobs is taking a medical leave of absence from the company. Jobs revealed the leave in a letter to employees today, saying "during the past week I have learned that my health-related issues are more complex than I originally thought."

Jobs wrote that he expects the leave to last until at least the end of June, during which time COO Tim Cook will take the reigns.

Trading was halted in extended trading after the announcement, which came after the market closed. - more on this story

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