Apple doesn't need Jobs, analyst says

Apple has everything it needs for life after Jobs Gregg Keizer, Computerworld Apple doesn't need Steve Jobs, an analyst argued Monday. Early on Friday, Apple shares slid below $100 for the first time since May 2007 after a false report circulated that Apple's 53-year-old CEO had suffered a major heart attack. The report, posted on iReport.com, a "citizen journalist" Web site operated by CNN, was quickly denied by Apple, but not before the share price had slid nearly 11 per cent. The panic was unwarranted, said Ezra Gottheil, an analyst with Technology Business Research Inc. "Apple doesn't need Jobs anymore," Gottheil said. "He's established three sound businesses - Mac, iPod and the iPhone - and the company knows how to execute his fanatical devotion to design and usability. There's a stable management team in place, and they... [read full story]