Steve Jobs Reassures Employees and Investors
Appleinsider republishes an internal email sent from Steve Jobs to employees reassuring them about the recent downturn affecting Apple's stock price.
"As you can see, we have outperformed many other blue-chip tech companies, including Google," he wrote, tacking on a stock performance comparison chart for illustration. "I continue to believe that our fundamentals - our remarkable people, our clear and focused strategy, our new product pipeline, our 200+ retail stores, our $18 billion of cash in the bank with no debt, etc., will serve us well in the coming months and years."
Steve Jobs reportedly remained upbeat, expressing confidence that "investors who stay with us will be rewarded as the market's confidence is restored over time".
Apple's stock price reached a peak of over $200 in late December, but has recently dropped down to $130 as of this writing.