Business & Tech
Steve Jobs' Biography Will Include Details of His Resignation; Apple Stock Drops in Value
A look at the ways our favorite backyard tech giant has made the news this week.

Every week, makes news with technology developments, business deals and, more often than not, controversies.
This week, it experienced its most groundbreaking news in awhile: . The following is a round-up of news over the past three days devoted to the famous Face of Apple.
•Steve Jobs’ authorized biography will not skimp on details, including those of his resignation. Now slated to be published in November 2011, Apple Insider reports that “Steve Jobs: A Biography” will be plump with plum details of the walking Apple legacy, with interviewees ranging from former girlfriends to competitors.
•Jobs’ departure on Wednesday translated to stock gains for Apple’s competitors. Shares in Samsung Electronics jumped three percent, while LG Electronics spiked by four percent. Even struggling electronics giant Sony shot up 2.06 percent in the Tokyo market. In the meantime, Apple stock has dropped by three percent, trimming $3 billion off the company’s value.
•In a 2005 Stanford commencement speech, Jobs urged to “Stay hungry. Stay foolish.” The video has been gaining traction, alongside a lesser known 1987 clip where he opines that the U.S. should invest more in higher education to maintain its economic standing.
•The Twittersphere was saturated on Wednesday with tweets about Jobs’ “sudden” or “imminent” departure as CEO. Yet the move, stating the Jobs had likely been preparing to leave for awhile after taking medical leave in January.
•Do Apple employees and customers feel a greater affinity to the company itself, or Jobs himself? The answer could reveal itself in the following days, based on those that stay with the companies and its products, or make a switch over to a new company, reports Wired.com.
•Many published individualized essays praising their favorite CEO for the products they use everyday. Fauzia Burke, founder of web publicity firm WSB, wrote on the Huffington Post that: “Like millions of others whose lives have been made better by your products, we, as a family and a business, thank you, Steve Jobs, for improving our family life, saving us money in our small business and giving us the tools to do our best work. We all wish you the best of health and continued success.”
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