Wednesday, September 13, 2006

Is Steve Jobs Ill?

Digital Rules By Rich Karlgaard

"Reprinted" in it's entirety from Digital Rules



"The question must be asked.

Apple's cofounder, chairman and CEO was diagnosed with pancreatic cancer in August 2004. The survival stats for pancreatic cancer are grim. But Jobs suffered from a rarer and less fatal form of the disease, called islet cell pancreatic cancer. Here is the prognosis:

'Islet cell cancers overall have a more favorable prognosis than cancers of the exocrine pancreas, and the median survival from diagnosis is three and a half years. This is mainly due to their slow-growing nature. Insulinomas have a five-year survival rate of 80%, and gastrinomas have 65%. When malignant, islet cell cancers do not generally respond well to chemotherapy, and the treatment is mainly palliative. Most patients with metastasis do not survive five years. Islet cell cancer tends to spread to the surrounding lymph nodes, stomach, small intestine and liver.'

Not great. But better than the standard form of pancreatic cancer, which has a 98% mortality rate over five years.

Is it appropriate to raise the question of Steve Jobs' health?

Reasonable people could go back and forth on that. Any ill person deserves some measure of privacy. Jobs, though, heads a publicly traded company. Some $60 billion of investor capital rides on its fortunes. Some 15,000 employees and their families depend on Apple's prospects.

Last month, at Apple's Worldwide Developers Conference, Jobs looked gaunt and gave an an atypical (for him) low-energy speech. Here is the review. Note Jobs' photo at the 2005 Apple WWDC versus that of the 2006 Apple WWDC meeting. The weight loss is alarming.

More evidence that the Apple CEO might be ailing comes from last week's news that Google CEO Eric Schmidt had joined Apple's board. Why? Veteran tech pundit John Dvorak thinks Schmidt might try to engineer an Apple-Sun merger and install Sun co-founder and Google's first investor Andy Bechtolsheim as CEO of the combined company.

Or Schmidt himself might take over Apple.

Why even contemplate the replacement of Steve Jobs if not for external (e.g. illness) reasons? Jobs, after all, is as linked to his company and its fortunes as any CEO can be. Steve Jobs is Apple Computer. He birthed it, raised it and in spectacular fashion brought it back to glory.

Apple without Steve Jobs is unthinkable ... unless. ... And we really, really hope the answer to our headline question is NO.