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You done this other Fox Business alert for Apple Stock barely say didn't today it was actually -- just a bit.
This is Steve Jobs said that He was just giving up the CEO role at the company.
It's a former Hewlett-Packard boss Carly Fiorina and what that says about investors' confidence.
In the company Steve Jobs created apple -- good to have you.
Great to be with you Neal thanks for -- make what do you think it says I mean all stable so far on the -- front.
On the health front for Steve Jobs even though the worries are Paramount what do you.
Well I think you're right the stock price suggests there's a great deal of confidence in the investment community I think there's confidence in Tim Cook I think there's confidence in a multi year product plan.
I think there's confidence in Steve Jobs is chairman will continue to be involved in the very important planning going forward.
This is an incredibly.
Valuable company revolutionary company and I think.
Steve not only has made this move for reasons of his own health but also because He wanted to smooth transition plan and He promised to smooth transition plan.
You know you're quite right some good companies great companies in particular on.
Iran auto pilot if you if you think about.
The great products of that company's pipeline.
If you don't win you lose the inspirational leader taking nothing away from mr.
cook at all.
Cracks Begin to show.
And and and some of the innovation begins to sauce.
Might not happen immediately -- -- take take years of the but is that a legitimate -- with apple today.
Well when I say the product plans in place the next several years I don't mean to suggest -- been on auto pilot what I mean to suggest is that's the kind of guy Steve Jobs is.
He has thought 40.
Multiple generations of products.
I do think that the fundamentals.
Of Apple's revolution.
Good desire to produce beautiful products that are a pleasure to use.
The fundamental consumer centrist Citi of those products the recognition.
Revolutions in the communications space.
Network applications being in essence free but that was a huge opportunity that apple could take advantage of I think those basic.
Fundamental revolutionary ideas are baked into the DNA of this company now.
And Steve isn't disappearing off the scene although He certainly is taking a different role so frankly I think my own view is it's premature.
To say that -- Steve Jobs role is changing somehow cracks are gonna work here in this company.
I do think.
It's appropriate to feel some sadness this is an end of an era in some ways and I know Steve has been a good friend of mine I know so many people.
Like me and Silicon Valley wish him and his family all the very best.
Now I know on a personal someone in your -- is dealt with cancer course He dealt with a very serious form pancreatic cancer -- -- -- -- liver -- over -- and now complications potentially about its return.
But obviously it changed his.
Position on sticking with the company through treatment and what have you to knocked on.
-- -- -- inside that.
That mindset if you don't mind that numbers like a Barbara Walters type question so that -- forgive me but what what gets you off the the business.
Well I can't speak to what's inside Steve Jobs mind or where He is and has treatment I simply don't know what I can tell you this.
Steve Jobs loves the company that He built.
He loves -- He loves the products He loves the people and so I'm sure uppermost in his mind is in addition to his own health concerns.
Is a promise that He made which is that He would make sure that there was a smooth transition that that transition would happen in time.
This is a guy who lives and believes apple and He will do what He thinks is best for that company and for its people actually believe that.
Carly it's always gets on your I did not mean to be enough health issues in your case.
Does not mean you know we're -- you've never been shy about being up front about it always admire and not at all Carly thank you very much continue to be a lot of great to see --
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