In the forefront of everyone’s mind covering the Apple event today, there is probably a fervent little wish that at some point its legendary co-founder and chairman Steve Jobs will saunter on out to take a much-deserved bow.

That seems unlikely for a variety of reasons — most especially because it would take the focus off Apple’s new CEO Tim Cook and also the new products being featured.

It certainly would be something to see, even if it would be difficult, in one stage moment, to encapsulate the profound impact of Jobs on Apple and on the tech world in general.

But it seems unlike Jobs to do that, mostly because it would be too obvious, too rote and too much of a Hollywood wrap-it-all-up cliche.

And, most of all, because it’s not different — a guiding idea that has always been at the heart of Apple and its best motto ever.

I thought a lot about that today, looking over all the frantic speculation about exactly what Apple would release this morning, and all the piles and piles of news stories, tweets and more about it all.

That has become typical around any Apple announcement, of course, and it can become more than a little wearying at times.

That said, when you take a moment to step back and think about it, all the hubbub is perhaps a good thing, given that a lot of it is about what could be done, what might be made, what people really hope for in technology.

That’s because — unlike other, more prosaic tech companies, who all make a lot of cool stuff, too — much of the crazy swirl around Apple seems to be about what’s possible and what could be.

And that is at the heart of the most important “one more thing” that Steve Jobs has given to Silicon Valley and beyond.

Which is to say, the impetus to think different.

In fact, it’s hard to say just how critical it is in this world today to zig in an opposite way from the safe norm, and to do it with a confidence that belies the difficulty of that shift.

In small tech ways, Jobs has done that again and again, dumping everything from removable batteries to Flash to internal disk drives to whatever he thought needed the heave-ho.

These are not easy decisions for a big tech company to make. But they are ones that are often muddled through by too many executives, to little effect and no definitive change, leaving a mushy pile of nothing.

As I like to say about a lot of big companies I cover — they think small, and then, well, think smaller.

For all its pros and cons, that has never been Apple under Jobs, and I hope that continues.

Jobs sounded a lot of the same arguments in his famous 2005 speech at Stanford University, in which he famously said: “Stay hungry. Stay foolish.”

So in honor of his massive contribution: Let’s.

It reminds me of a poem by Shel Silverstein that I always read to my kids — so much so that they are more than a bit tired of hearing it, even if I never am:

Listen to the MUSTN’TS, child,
Listen to the DON’Ts
Listen to the SHOULDN’TS
The IMPOSSIBLES, the WON’TS
Listen to the NEVER HAVES
Then listen close to me –
Anything can happen, child,
ANYTHING can be.

And while it is perhaps just another iPhone or whatever doodad Apple whips out today, the real point of it — and what Jobs has taught tech — is that it can be anything.

Enjoy:

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Today and tomorrow, Yahoo’s directors are gathering here in Silicon Valley for one of their regular meetings that take place over the course of the year.

While board meetings in general are usually pretty dull affairs–and Yahoo’s, in particular, are typically glacial ones–there is a lot on the plates of those with purview over the machinations of the long-struggling Silicon Valley Internet giant.

Here’s a primer of what might (and might not) be happening, according to sources, of course, as Yahoo continues on its quest to reinvigorate itself–a journey that is beginning to make Siddhartha’s transformation into Buddha enlightenment look speedy.

A Yahoo spokeswoman declined to comment on anything below, although I did run it all by them.

The U-Shaped Turnaround

At Yahoo’s recent sales meeting in San Antonio, CEO Carol Bartz went all Sesame Street on the troops, using the letter “U” as an illustration to indicate where in the cycle the company was in its turnaround.

Apparently, just on the other side of the very bottom of the letter, heading inevitably upward.

Her argument was that the company has finally cleaned up its platform mess and its confusing corporate structure, and that its display and search advertising business is now recovering nicely.

All true, except there are some other key issues, such as the slowness of the search and online advertising partnership with Microsoft to make some serious hay.

In fact, although its display business will show a definite strong recovery in Yahoo’s quarterly results next week, its search business–both in market share and revenue per search (RPS)–has, as one person close to the situation put it succintly, “fallen off the cliff.”

That’s due, in part, to getting the new system with Microsoft delivering better results, which is not happening yet (if ever!).

In this quarter, Microsoft has honored its contractual guarantees and will make up the difference–which will result in masking the magnitude of the RPS loss. It’s a worrisome trend to watch.

The Asia Situation

Yahoo and its Asian partners are still mulling over various options regarding the company’s large ownership stakes there.

What is happening with its share in China’s Alibaba Group, according to sources, is precisely nothing right now, as has been made clear in recent comments by its CEO and co-founder Jack Ma.

“If you cannot make the business cool, you have no right to be angry with me,” said Ma in an article in Forbes published this week, referring to Yahoo. “I just don’t trust them…I’ve been working with them for years, and I’m disappointed.”

Relations between Ma and Bartz, sources said, remain as bad as ever, and even the normally close one between Ma and Yahoo co-founder Jerry Yang is strained.

Plus, Ma told Forbes, as he has said before, Alibaba is not taking its auction site, Taobao, public–leaving Yahoo in possession of an appreciating but decidedly private asset.

Japan is a different story, with the disposition of Yahoo’s stake in Yahoo! Japan the subject of long and continuing negotiations for a while now.

While the earthquake and tsunami crisis there did slow discussions down, there is still active recent movement about a variety of cashing-out scenarios, all of which have massive tax and regulatory issues.

Without boring you with the specifics, one option is to create a tracking stock, another a spin-off of the asset and still another some sort of stock trade.

But no matter what happens, Yahoo will have to pay some sort of taxes on its 35 percent stake in Yahoo! Japan, now worth $8 billion.

But if its CFO Tim Morse–the key figure working on the deal–can pull it off, what will Yahoo do with all that money?

Acquisition Guns Blazing? Or Sputtering?

In a recent forum in Silicon Valley, one of its M&A minions said Yahoo had its “guns blazing” with regard to acquisition activity in 2011, as deliciously reported in The Wall Street Journal, despite the company’s lackluster acquisition record.

Sources said the exec had his ears soundly boxed by his managers for the dopey remarks, since Yahoo has had such a lackluster record in the arena–especially compared to others.

And, oh yes, Yahoo’s M&A head just decamped to gaming phenom Zynga.

That aside, Yahoo should be deep in the market for hot start-ups to help revive its innovative spirit, but it remains hindered by a continued reluctance by new start-ups to join it and by its reputation for being a place where entrepreneurs go to die.

That certainly could change at any time with the right execs in place, but Yahoo is competing with a plethora of more exciting companies and also a seemingly endless venture capital gusher of cash of late.

While it is the board’s job to approve acquisitions and not source them, perhaps it is its job to pressure Bartz and other execs to get off the stick and hit at least one of the targets Yahoo aims at.

Targets are plentiful in advertising, content and even social, with many start-ups playing right into a lot of arenas Yahoo needs some help.

And help it does need as talent keeps walking out the door daily, mostly to hotter prospects such as Zynga and social buying sites Groupon and LivingSocial.

There is no question it is hard for any large company to hold onto top staff when there are so many enticing bonbons out there as options, but it can be done.

One good thing: Its newish head of product Blake Irving and head of U.S. media and advertising Ross Levinsohn seem to be playing well together and are setting a tone of stability that is much needed.

Enter the Kenny

That said, there remains endless swirl, especially with key investors, about the performance of its CEO.

While she started off as a publicly in-your-face exec, Bartz has definitely stepped out of the limelight of late, as her pugnacious manner started to irritate Wall Street and others.

It was a good idea, since it has taken the focus off the lack of stock and revenue progress she had loudly promised.

Still, Yahoo shares have continued to stay locked in the mid-teens, as investors wait for some sign that Bartz’s turnaround has worked.

The entrance of its spanking new director, Akamai President David Kenny, has further increased speculation about management and board changes at Yahoo.

This is Kenny’s first board meeting, but this well-connected newbie is someone who is clearly going to rise quickly to the top of decision-making at Yahoo.

That’s because the smooth and well-liked Kenny, who also has deep advertising experience as founder of the Digitas agency, has a long relationship with Yahoo and also with Yang.

He also now has much more tech cred as a leader of one of the Internet’s most important infrastructure companies, with a ton of regular contacts with media giants, ad networks and video providers that are Akamai’s clients.

In other words, Kenny (pictured here) is the full package of ad and tech experience that would make him an obvious Yahoo CEO candidate when Bartz’s contract is up in early 2013, if not before.

He’s also the person most likely to take over for longtime BoomTown punching bag Roy Bostock as chairman of the board at some point.

None of this is happening soon, but it is clearly an interesting development.

There are other machinations, of course, from continued interest from private equity players in Yahoo, as well as a variety of takeover scenarios, each more complex than the next.

While often derided as yesterday’s news by the elite of Silicon Valley as on an inevitable downward path, those plots are there because Yahoo remains a stellar brand with consumers worldwide and an Internet property with huge traffic and a big ad business.

In other words, it’s a U that someday maybe could be a V.

So many people have asked Napier about the possibility that Rackspace might be taken out, it’s not hard to detect that his answer is well rehearsed. Rackspace is not for sale, he says, and he won’t comment on any approaches by larger companies it may be fielding. But he clearly doesn’t mind the speculation.

The market certainly is working on the assumption that an acquisition is coming. I talked with Napier on Friday, the day after Rackspace reported quarterly earnings that grew 50 percent over the same period in 2009, which was enough to send Rackspace shares up by more than $3, or more than 8 percent, closing at $40.07–more than twice what it traded for a year ago.

Rackspace will be a giant all its own, Napier insists, before it gets taken out by one of the lumbering tech giants that might like to drop a few billion dollars to absorb it. Ask him Rackspace’s chances of being acquired in the next several months, and he insists the company is not for sale. It sure sounds like he means it, as the growth opportunity that lies before him is just so good. But it’s also clear that he enjoys being in the position of being asked.

It’s a nice sentiment, but organic growth is only going to get you so far. Rackspace will cross the billion-dollar mark in revenue for the first time this year, and it has only $105 million in cash, so the only acquisitions Rackspace can make without going into a debt are small ones like the one last week of Anso Labs that NewEnterprise reported exclusively. The smart money says we’ll get a chance to see how serious Napier is about remaining independent before the end of the year.

NewEnterprise: Let’s talk about your business against the backdrop of the industry you’re in. In the last few weeks we’ve seen both NaviSite and Terremark acquired by larger companies. Clearly there’s some consolidation going on in the Web hosting and cloud services hosting business.

Napier: There is a shift in technology market around cloud. The market is shifting from one where companies do things themselves to buying technology as a service. We think of it as a world that’s going from buying inputs to buying outputs. We think this is a nascent trend and we’re in the first game of a seven-game series. On a macro basis we see this as the biggest growth opportunity in technology. Our strategy is to win the most valuable segment, which we believe is going to be the service segment. So if you look at how the market is developing, you have players like Amazon that’s offering a do-it-yourself cloud. For people who want the lowest price, and can do the work themselves, Amazon is an incredible pick. What we’re focused on is trying to be a service leader. We want to serve companies that want to run a critical app and who want us to run it for them and take accountability for it so they can sleep well at night. Over the past six quarters or so we’ve found ourselves in a crazy good spot. The growth opportunity ahead of us is expanding.

Let’s talk about growth. You don’t have all much cash on the balance sheet, about $105 million or so. You can grow organically, or you can acquire. You’ve made some small acquisitions recently. Is that going to continue?

We are an organic growth company. We have been since inception. The acquisitions we’ve done have been about technology and talent to improve our portfolio and the way we serve customers. We will remain an organic growth company. There are, I think, really two kinds of companies. Those that can grow organically and those that can’t, and so they grow by acquisition. Some companies are good at growing through acquisition. We’re just not. We’re organic growth folks here, so we’re going to stick to that. But we’ll still buy technology, capabilities and talent that we think is critical. As to the consolidation that’s taking place in the industry, it’s a great validation of the growth opportunity. There are some legacy tech and telecom companies that are behind and are trying to buy their way into the game. There was a similar wave of consolidation eight years ago and a lot of our competitors got taken out.

So let me ask the question you’re getting a lot lately. I’ve had three conversations with different people who have each picked three different large technology companies they think should acquire Rackspace. Have you been approached by anyone?

We have a policy not to comment on anything like that all. What I will tell you is that we’re not for sale. We feel like we have a tiger by the tail. I’ve been lucky to be at the company for 11 years and I think the next 11 years look better than the last. We’re not building the company to flip it. We think the market opportunity is such that new giants are going to emerge, and we want to be one of those giants.

Absent a scenario that someone shows up with eight or 10 billion in cash to buy your company, what are your strategic priorities for the year?

There’s a couple. We are making big investments in our product and service portfolio. That’s one. And then number two, we think we have a chance to improve the fundamental economics of our business model. As we make these investments, we’ll add more services and capabilities on top of our basic compute service. This drives up the average revenue for our basic compute which creates better outcomes for our customers and increases our economics. It’s a virtuous cycle. Our average revenue per server has increased for six consecutive quarters.

What are your biggest costs, and what kind of gross margin do you tend to run?

I think of them as investments, but I know that’s just semantics. Our no. 1 investment is technology and the Rackers [employees] that serve our customers. So if you look at the cost of revenue line, a year ago it was 31.5 percent. As of the end of 2010 it was 31.1 percent. We made some improvement. But we’re more focused right now on developing customer loyalty than we are in driving efficiency. It’s early in the game, and anytime a market is going through a period of rapid growth like this, it’s all about winning as many loyal and profitable customers as we can. When the growth slows down someday we’ll focus more on improving efficiencies throughout the business. Even so, in 2010 we grew faster, increased our margin and and improved our return on capital. Those are all difficult things, and we pulled it off.

But evidently that’s not the case.

Pre-orders were huge, of course, cutting down the need for people to go out to a store, so early reports from around the country revealed a far more sedate response to a long-awaited event that ironically seems pretty uneventful. Fifteen minutes before the the Verizon iPhone went on sale, there were just eight people in line at Apple’s flagship store in New York, according to CNNMoney. At a lower-Manhattan Verizon store, 21 people queued up to buy the iPhone.

The scene was largely the same around the country, according to other reports: 20 folks at a Gainesville Verizon Store, 10 at another in Plainview, a dozen in Milwaukee, a “few dozen” in Lincoln, Neb.,. And before you the blame cold temperatures for the modest turnout, consider this: The line in front of Apple’s Stockton Street flagship store in San Francisco this morning was just two people long. Said News.com’s Marguerite Reardon, “Upon arriving here about five minutes (before the 7 a.m. opening of the store), there were literally more Apple Store employees, police officers and reporters–each–than people in line to buy iPhones.”

So, a pretty staid turnout for a device that’s generated such monomaniacal interest for so long. That said, it’s important to remember that Verizon isn’t launching the iPhone into a market with a vast untapped demand for it. In reality, most folks who absolutely had to have an iPhone bought one from AT&T. And those who refused to leave Verizon to do so likely pre-ordered one last week. In the end, the lines (or lack thereof) we’re seeing today have very little to do with how big a seller the iPhone will be for Verizon (and for proof of that, one need only look to foreign markets with multiple iPhone carriers). Sales estimates vary pretty widely, but many suggest Apple will sell between 9 million and 13 million iPhones through Verizon this year–a big boost no matter how you look at it. The big lines will return with the debut of iPhone 5.

PREVIOUSLY: Verizon’s iPhone Sales So Amazing They Can’t Even Put a Number On It

[Image Credit: Christine Bartolucci ]

“We strongly believe that one or more very strategic opportunities may come along, that we are in a unique position to take advantage of because of our strong cash position,” he said. “You know, we’ve demonstrated a strong track record of being very disciplined with the use of our cash. We don’t let it burn a hole in our pocket, we don’t allow it to motivate us to do stupid acquisitions. And so I think that we’d like to continue to keep our powder dry, because we do feel that there are one or more strategic opportunities in the future. That’s the biggest reason.”

That remark spurred all sorts of speculation about what sensible large-scale acquisitions Apple might make. And while it was certainly reasonable to conclude from Jobs’s remarks that Apple is preparing itself for some big M&A plays in the future, there was another equally plausible conclusion: What if by “strategic opportunities,” Jobs was referring to supply chain investments–money spent to overcome impediments to growth? Apple has done this before, most notably in 2005, when it arranged to purchase up to 40 percent of Samsung Electronics’ holiday NAND flash output for use in it iPods. It inked a similar iPhone-related deal in 2008, forcing Samsung to reduce its supply to other customers to fulfill its obligation to Apple. And there was another half-billion-dollar deal with Toshiba is 2009.

And according to COO Tim Cook, Apple just did it again–but on a much grander scale. During the first-quarter earnings call last week, Cook said the company had invested $3.9 billion to secure component supplies and capacity.

“We’ve historically entered into certain agreements with different people to secure supply and other benefits,” he said. “And the largest one in the recent past has been we signed a deal with several flash suppliers back at the end of 2005 that totaled over $1 billion because we anticipated that flash would become increasingly important across our entire product line and increasingly important to the industry. And so we wanted to secure supply for the company, and we think that, that was an absolutely fantastic use of Apple’s cash. And we constantly look for more of these. And so in the past several quarters we’ve identified another area and come to some recent agreements that [CFO Peter Oppenheimer] talked about in his opening comments, in that these payments consist of prepayments and capital for process equipment and tooling. And similar to the flash agreements, they’re focused in that area we feel is very strategic. And so I’d prefer not to go into more detail about what specific area it’s in, but it’s the same kind of thinking that led us to those deals that led us to the flash deal.”

For what particular components, he wouldn’t say. There are some likely candidates, though: The high-res LCDs used in the iPhone 4 and iPad; solid-state drives like the ones in the new MacBook Air, which are presumably headed to other portions of the MacBook line as well; or perhaps some new system on a chip that will infuse the next-generation iPad and iPhone with significant performance gains. I’m sure there are others as well. And all fit quite nicely into Jobs’s vision of “strategic opportunities.”

“Apple’s stock could face headwinds for several weeks as the media feeds on a yet-to-be-determined mix of speculation and disclosures about Jobs’ future role at Apple,” Oppenheimer analyst Yair Reiner said in a note to clients today. “At the same time, Apple’s investors will theorize and worry about what Jobs’ status will mean for future innovation at Apple. But this worry stage will likely run out of fuel relatively quickly, because convincing evidence of how Jobs’ presence or absence is impacting Apple’s fundamentals won’t present itself for years. Lacking evidence, investors will shortly go back to trading AAPL’s stock based on measurable fundamental performance.”

J.P. Morgan’s Mark Moskowitz was similarly optimistic. “While not knowing the details behind the current medical leave, we point out that Mr. Jobs has demonstrated a great resolve to improve his health previously, emboldened by the attitude and philosophy that helped him lead Apple’s remarkable rise over the past decade,” he writes. “In our view, Mr. Jobs and his team have made Apple become the primal force in shaping consumers’ technology-driven ‘way of life.’ While the competition is increasing in the areas of smartphones and tablets, we do not expect Apple’s technology and user experience leadership to fade.”

PREVIOUSLY

• Steve Jobs’s Finest Product–Apple–Won’t Break Down
• Steve Jobs Asked for Privacy–and He Deserves It This Time
• Apple Shares Down Nearly 8 Percent in Frankfurt on News of Jobs’s Medical Leave
• Citing Health, Steve Jobs Steps Away From Apple, Again
• Deutsche Bank Joins the Running of the Apple Bulls
• Jobs: “I’m Vertical, Back at Apple and Loving Every Day of It”
• Apple Investors Are Wusses
• When Steve Jobs Said “Stay Hungry. Stay Foolish,” He Did Not Mean This Foolish
• AAPL Sauce
• Apple’s Steve Jobs: “I Have Decided to Take a Medical Leave of Absence”
• The Entire Letter: Steve Jobs Explains His Health Problem: “Hormone Imbalance”–Predicts Recovery by Spring and Will Stay On as CEO
• Ain’t Nobody’s Business If Jobs Is or Isn’t

The last time Jobs went on medical leave, in January of 2009, Apple shares tanked, falling some eight percent to $78.50. But in the months that followed, they rose more than 50 percent, despite continued concerns over his health. By the end of June, Jobs was back at work. By September he was appearing onstage at Apple events.

Then came the iPad. And the iPhone 4. By October of 2010 the company’s shares had risen above $300 for the first time ever. And today they stand at $348.48.

In the end, Apple really didn’t miss a beat the last time Jobs stepped away to focus on his health, despite all the hysterical speculation that it might. And it’s not likely to this time, either — regardless of the open-ended nature of his leave and what some folks are describing as a “less optimistic” tone in his message to employees.

“Steve Jobs’s third medical leave raises the possibility, however remote, that he may not return to Apple,” Needham analyst Charlie Wolf told me this morning. “Jobs’s absence should have no measurable impact on Apple’s financial performance for several years, if ever. It took John Sculley, arguably one of the worst managers in the country’s history, three years to erase Jobs’s legacy in the 1980s. Today, starting with Tim Cook, Apple has one of the deepest and strongest managerial benches in this country. Tim Cook has matured into one of the leading managers in this country (see video below). However, no one can replace Steve Jobs, arguably the leading innovator in the past century, beginning with the Mac, then the iPod, iPhone and iPad in the past decade. What Apple loses in Jobs’s absence is the opportunity and ability to disrupt and redefine still other industries.”

Charlie’s point is a good one, though I disagree that Apple risks losing its ability to disrupt and redefine in Jobs’s absence. I think that Jobs baked those things into the company, its culture and executive leadership long ago. In fact, one could argue that it’s Apple, not the iPhone or iPad, that is Jobs’s masterpiece product, a company designed to set the bar for the industry, regardless of whether it’s him leading its day-to-day operations or not.

Below, Tim Cook speaks at Auburn University’s spring 2010 commencement.

PREVIOUSLY

• Steve Jobs Asked for Privacy–and He Deserves It This Time
• Apple Shares Down Nearly 8 Percent in Frankfurt on News of Jobs’s Medical Leave
• Citing Health, Steve Jobs Steps Away From Apple, Again
• Deutsche Bank Joins the Running of the Apple Bulls
• Jobs: “I’m Vertical, Back at Apple and Loving Every Day of It”
• Apple Investors Are Wusses
• When Steve Jobs Said “Stay Hungry. Stay Foolish,” He Did Not Mean This Foolish
• AAPL Sauce
• Apple’s Steve Jobs: “I Have Decided to Take a Medical Leave of Absence”
• The Entire Letter: Steve Jobs Explains His Health Problem: “Hormone Imbalance”–Predicts Recovery by Spring and Will Stay On as CEO
• Ain’t Nobody’s Business If Jobs Is or Isn’t

There will be those who are inclined to try to equate Jobs’s health issues with all kinds of near-term product implications, but such speculation is likely off base. While Jobs’s health may have been a factor in the timing of a couple of announcements, don’t expect his medical issues to substantially impact things like the next iPhone or iPad.

The company overall tends to operate on long lead times, so much of this year’s product plans are likely in the works and probably won’t be deeply affected. Jobs practically said as much in his brief statement.

Also, Jobs leaves Apple in extremely capable hands. Tim Cook has ably led Apple during Jobs’s prior medical leaves, and there is every reason to believe that this time will be no different.

Longer-term, though, is another question. Here is where it is hard to overstate the importance of Steve Jobs at the helm.

While Apple has a company full of talented workers, Jobs tends to be involved in major (and plenty of not-so-major) decisions in almost every area. He is a well-known perfectionist with a strong, sometimes maddening focus on having products done just so.

Those who understand Apple know that Jobs is not just a chief executive–he is also the de facto head of every department. If there is a tough call to be made about a product or a decision on the next marketing pitch, Jobs is the ultimate authority. He’s known to weigh in on all manner of more minor issues too. This attention to making every detail just so can make Jobs a tough guy to deal with, but is also key to a good part of the company’s success.

And even in the short term–although the same products are likely to come from Cupertino, whether Steve Jobs is there to introduce them or not–no one can sell like Steve. There’s a reason that satellite trucks line up for blocks anytime he has something to say.

Update, 1:35 p.m.: Just got done going on MSNBC talking about the situation (video posted below).

Ina Fried talks to MSNBC Dayside about Steve Jobs health
Uploaded by BeyondPixBroadcast. – Videos of the latest science discoveries and tech.

PREVIOUSLY

• Steve Jobs Asked for Privacy–and He Deserves It This Time
• Apple Shares Down Nearly 8 Percent in Frankfurt on News of Jobs’s Medical Leave
• Citing Health, Steve Jobs Steps Away From Apple, Again
• Apple Opposes Proposal on CEO Succession Planning
• Deutsche Bank Joins the Running of the Apple Bulls
• Jobs: “I’m Vertical, Back at Apple and Loving Every Day of It”
• Apple Investors Are Wusses
• When Steve Jobs Said “Stay Hungry. Stay Foolish,” He Did Not Mean This Foolish
• AAPL Sauce
• Apple’s Steve Jobs: “I Have Decided to Take a Medical Leave of Absence”
• The Entire Letter: Steve Jobs Explains His Health Problem: “Hormone Imbalance”–Predicts Recovery by Spring and Will Stay On as CEO
• Ain’t Nobody’s Business If Jobs Is or Isn’t

There had indeed been rumors about Steve Jobs’s health, after he didn’t show up at the Apple iPhone launch on Verizon Wireless in New York last week, as was expected.

And then they flared again, when the event to show off News Corp.’s new Apple iPad-only newspaper, the Daily, was postponed due to issues related to its subscription system.

This pair of non-Jobs events had caused a low-grade rumble in Silicon Valley that perhaps tech’s most iconic, gifted and charismatic CEO could be sick again.

In fact, I got a dozen calls last week from people asking me if I knew if anything was wrong, which I did not.

And while the tech echo chamber usually puts two and two together and comes up with three, this time all that gossip turned out to be quite correct.

Jobs is once again ill enough to have to take time off from his leadership role, which he called a “medical leave of absence” in an email to his staff released today.

So now, once again, the intense debate will begin about exactly what is happening with Jobs’s health, how much Apple should reveal and how much it will likely not, and how that is so very awful, because the people deserve to know.

In fact, we–the media and Wall Street and Apple users–already know plenty enough, which is: Jobs has had a persistent and very serious illness he has been fighting successfully for many years now.

But his outlook, from the moment he found out about his particular form of pancreatic cancer, has never been really good.

More to the point, his ability to bounce back several times has been both heartening and more than a little miraculous.

But, remember this: Both times he has taken time off for health reasons, Jobs has come back with fierce and game-changing innovation.

The iPhone came out after his first big bout with his illness, the iPad after the second.

Today, it’s happened a third time and I suspect much of what will be written about his diagnosis will be sheer speculation and only a little bit will be accurate reporting.

I am guessing this time too that Jobs will be as tight-lipped as ever about what he’s going through, which could be a wide range of medical issues, some more serious than others.

And that, I think, should be what everyone should let him do, because the public Steve Jobs has given his large audience more than enough since he got back after the last time he was sick.

Today, he said in the email: “I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.”

I, for one, think he deserves exactly that and much more.

But, if you can’t get enough of him, until he hopefully recovers, will you settle for this tremendous onstage interview he gave to Walt Mossberg and me last year at the eighth D: All Things Digital conference?

It is vintage Jobs, as you will see:

PREVIOUSLY

• Apple Shares Down Nearly 8 Percent in Frankfurt on News of Jobs’s Medical Leave
• Citing Health, Steve Jobs Steps Away From Apple, Again
• Apple Opposes Proposal on CEO Succession Planning
• Deutsche Bank Joins the Running of the Apple Bulls
• Jobs: “I’m Vertical, Back at Apple and Loving Every Day of It”
• Apple Investors Are Wusses
• When Steve Jobs Said “Stay Hungry. Stay Foolish,” He Did Not Mean This Foolish
• AAPL Sauce
• Apple’s Steve Jobs: “I Have Decided to Take a Medical Leave of Absence”
• The Entire Letter: Steve Jobs Explains His Health Problem: “Hormone Imbalance”–Predicts Recovery by Spring and Will Stay On as CEO
• Ain’t Nobody’s Business If Jobs Is or Isn’t

]]> http://allthingsd.com/20110117/steve-jobs-asked-for-privacy-and-he-deserves-it-this-time/feed/ 19 http://allthingsd.com/20110107/for-linkedin-first-comes-ipo-then-comes-marriage-to-google/ http://allthingsd.com/20110107/for-linkedin-first-comes-ipo-then-comes-marriage-to-google/#comments Fri, 07 Jan 2011 16:57:08 +0000 Liz Gannes http://networkeffect.allthingsd.com/?p=2069

It’s an open secret in Silicon Valley that LinkedIn, which is perpetually the topic of IPO speculation, is close to finally taking the public plunge.

Reuters reported this week that the company plans to go public in 2011. We’ve heard much the same and that the professional network will likely file papers within the next few months.

But, according to several sources, there are other interesting scenarios for LinkedIn in the coming year.

Top on the list is an acquisition, either right after a filing or even after a public offering.

The quick public-to-private transition is not unprecedented. And early in its history LinkedIn had been courted by bigger companies, including Dow Jones.

Of the potential acquirers these days, many point to Google as the most obvious suitor. (Microsoft would be another.)

Why would Google is interested in buying LinkedIn?

First, LinkedIn is a social service that’s clearly distinct from Facebook.

But would LinkedIn be the solution to Google’s existential questions about getting social?

That’s unclear, but the company does fit in on a thematic level with the search giant’s cloud-hosted enterprise product line. In addition, LinkedIn has created a central repository for corporate information and business people, which is already quite searchable but could be put to more uses.

How much is LinkedIn worth? Recent purchases of its stock have valued the company at more than $2 billion. Pushing the company toward the public markets would help set a price range up higher.

But things could get interesting very quickly if Google also managed to buy Twitter. Google has long eyed the real-time information network, which recently completed a big funding round that valued the company at $3.7 billion.

For under $10 billion then, Google could really shake things up in the social space.

Here’s LinkedIn’s standard comment on the IPO talk, which is no fun at all:

“We don’t comment on speculation. An IPO is one of many tactics that we could choose to pursue. We are focused on building our business and doing what is in the best long-term interest of LinkedIn members and shareholders.”

]]> http://allthingsd.com/20110107/for-linkedin-first-comes-ipo-then-comes-marriage-to-google/feed/ 1 http://allthingsd.com/20110107/even-verizons-phones-wont-comment-about-the-impending-iphone/ http://allthingsd.com/20110107/even-verizons-phones-wont-comment-about-the-impending-iphone/#comments Fri, 07 Jan 2011 14:45:51 +0000 Ina Fried http://mobilized.allthingsd.com/?p=2019 Verizon Wireless showed off lots of smartphones at its CES press conference on Thursday, but naturally had nothing whatsoever to say about the iPhone, as I am sure will be the case until the day Steve Jobs shows it to the world.

Of course, I didn’t let the company’s silence stand in my way and proceeded to bug several executives, asking about it in all sorts of clever ways (okay, maybe not really that clever.). But, of course, Verizon has lots of practice carefully avoiding all mention of the iPhone or Apple, unless referring to a fruit grown in Washington.

I tried asking Chief Marketing Officer Marni Walden whether Verizon’s network will be strong enough to handle a crush of data demand from the iPhone, but she saw right through me.

“I obviously won’t comment on iPhone at all–rumor and speculation here,” she said. That said, she noted that the company has spent $65 billion over the last 10 years on its network to make sure that any device can run smoothly on it.

Okay, I said, but you know the company’s full roadmap for the year–are you sure that your network will be able to handle all those devices, including perhaps some unannounced ones?

“I am confident we have built a network and invested in a network that will continue to provide customers with the best possible experience,” Walden said.

So there you have it. Well, as much of “it” as you are going to get.

But it turns out that the party line extends beyond the employees and all the way down to the Verizon phones themselves. When handed a demo unit of the new Samsung LTE Android phone, I proceeded to do a Google search for Verizon iPhone–I got an error message saying that that page could not be reached (see image). Now that’s what I call good corporate messaging.

]]> http://allthingsd.com/20110107/even-verizons-phones-wont-comment-about-the-impending-iphone/feed/ 0 http://allthingsd.com/20110105/second-edition-ipad-worth-the-wait/ http://allthingsd.com/20110105/second-edition-ipad-worth-the-wait/#comments Wed, 05 Jan 2011 22:36:42 +0000 Walter S. Mossberg http://mailbox.allthingsd.com/?p=811 Q:

I am considering buying an iPad, but am wondering if I should wait for the second edition which is rumored to be coming soon. What do you advise?

A:

I regard the current, original iPad as an excellent product, and can’t say you’d go wrong with it. But while Apple is famously secretive, I’d be surprised if there isn’t a new model announced in the next few months that will have added or improved features. There’s wide speculation, for instance, it will gain a camera or two. The company has a long history of improving its products, and, in the case of the iPad, must keep making it better to deal with a host of coming tablet rivals. So, if you can wait a few months, I’d do so.

Q:

I see that many of the newer wireless routers with attractive features do not support printer sharing. Does that mean you cannot connect a printer via Ethernet cable to the router and be able to access that printer through the wireless network? Why do so many of the newer routers not support printer sharing?

A:

In the context you seem to be using it, the term “printer sharing” referred to plugging in an otherwise non-networkable printer via USB to a router, which would then make the printer usable over the network. I presume that this feature has declined in popularity as more home printers now have wired or wireless networking built in, and the latest Windows and Mac operating systems make it much easier to share even a printer without its own network features through the computer’s connection to the network. If the printer has wired networking built in, you should be able to plug it into one of the Ethernet jacks on most wireless routers and make it usable on your wireless network.

Q:

I have an almost two-year-old MacBook Pro. The hard drive is nearly full, and I wondered if you knew of any tricks to free up some space. I’m particularly interested in cost-effective fixes.

A:

One useful free utility for freeing up space on a Mac is called Monolingual, and is available at http://bit.ly/dqTCSC. This little utility allows you to remove all the obscure files on a Mac that allow the computer to operate in languages you can’t read or don’t use. For instance, if you only speak and read English, you can erase the files that enable the computer to run in, say, Albanian and Portuguese. Its maker says this can free up hundreds of megabytes of space. I have tried it and it works. Of course, whether you have a Windows PC or a Mac, you can free up space in many other ways, such as by deleting files and programs you don’t use, archiving or deleting old email, and removing temporary browser files.

Email mossberg@wsj.com.

]]> http://allthingsd.com/20110105/second-edition-ipad-worth-the-wait/feed/ 4 http://allthingsd.com/20101209/report-mac-app-store-debut-expected-in-january/ http://allthingsd.com/20101209/report-mac-app-store-debut-expected-in-january/#comments Thu, 09 Dec 2010 14:45:50 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=54082 Apple’s Mac App Store will debut in January 2011, not December 2010. This according to the Loop’s Jim Dalrymple, who says speculation around a Dec. 13 launch date is a bit off. No word yet on a hard date, but presumably it will be one that permits Apple to meet its self-imposed 90-day deadline of late January.

]]> http://allthingsd.com/20101209/report-mac-app-store-debut-expected-in-january/feed/ 0 http://allthingsd.com/20101206/analyst-verizon-wants-pseudo-exclusive-on-iphone/ http://allthingsd.com/20101206/analyst-verizon-wants-pseudo-exclusive-on-iphone/#comments Mon, 06 Dec 2010 14:45:25 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=53668 Here’s some news for the Verizon iPhone rumor mill. Kaufman Bros. analyst Shaw Wu says Verizon, which is expected to add the iPhone to its smartphone lineup early next year, doesn’t want to see it added to Sprint and T-Mobile’s lineups as well, and is willing to pay to ensure that doesn’t happen.

“We are hearing that Verizon…may be willing to pay for exclusivity to itself and AT&T. For these reasons, Verizon could be more willing to give in to Apple’s terms,” Wu said in a note to clients this morning, adding that the iPhone’s continued success has undoubtedly given Apple the upper hand in its negotiations with the carrier. “Apple is back in the driver’s seat with a record 14.1 million iPhone shipments in the September quarter helping AT&T gain share against Verizon over the last two quarters as Android starts to lose some of its luster (at least at Verizon). In addition, our sources indicate that Verizon does not believe the pending launch of BlackBerry 6 on its network is likely to have a material impact.”

An interesting bit of speculation. If Apple were to win concessions from Verizon and AT&T to keep the iPhone exclusive to those carriers, it might be able to drastically expand the device’s distribution in the States and keep its margins in line at the same time. As Wu writes, “This is important as many, including ourselves, have been concerned that Verzion iPhone economics could be less favorable given the strength of Android and higher cost of components, particularly those associated with CDMA.”

That said, with Google’s Android OS gaining market share so quickly it might be a better move strategically to sacrifice a bit of margin to bring the iPhone to more carriers and temper its rival’s growth.

]]> http://allthingsd.com/20101206/analyst-verizon-wants-pseudo-exclusive-on-iphone/feed/ 0 http://allthingsd.com/20101111/adding-insult-to-injury-yahoo-is-prepping-layoffs-but-limited-to-product-group-and-more-like-10-percent/ http://allthingsd.com/20101111/adding-insult-to-injury-yahoo-is-prepping-layoffs-but-limited-to-product-group-and-more-like-10-percent/#comments Thu, 11 Nov 2010 22:40:06 +0000 Kara Swisher http://kara.allthingsd.com/?p=37165

Yahoo is indeed preparing to lay off employees, in a reduction in force that will be done in December.

But the layoffs, first reported in TechCrunch at 20 percent, will be closer to 10 percent and be almost completely centered on the product organization under Chief Product Officer Blake Irving, said sources close to the situation.

That would mean layoffs of about 650, since that part of Yahoo has about 6,500 employees.

Yahoo, in fact, just put out a statement saying the 20 percent figure was “inaccurate.”

Said the company in a statement: “Yahoo! is always evaluating expenses to align with the company’s financial goals. However, a 20% reduction in Yahoo’s workforce across the board is misleading and inaccurate.”

Well, kind of, because it is a big layoff nonetheless.

In addition, said sources, the layoffs might result in the outsourcing of some functions at the company.

Even at a lower figure, the move will surely be yet another blow to morale at the much-buffeted Silicon Valley Internet giant.

Just this week, for example, Google gave each of its employees a 10 percent pay raise and $1,000. Facebook, similarly, is showering benefits on its fast-growing pool of workers.

Along with a spate of top-level executive departures, Yahoo is under scrutiny by Wall Street, as well as the subject of much takeover speculation.

This has put Yahoo CEO Carol Bartz under even more pressure to show results after almost two years as top manager.

Known as an exec who knows how to cut costs, she has yet to prove she can grow the Yahoo business with new innovations.

Yahoo has just over 14,000 employees. It has undergone many layoffs and restructurings, but only once in a major one under Bartz.

]]> http://allthingsd.com/20101111/adding-insult-to-injury-yahoo-is-prepping-layoffs-but-limited-to-product-group-and-more-like-10-percent/feed/ 9 http://allthingsd.com/20101026/see-what-youve-done-steve/ http://allthingsd.com/20101026/see-what-youve-done-steve/#comments Tue, 26 Oct 2010 12:26:03 +0000 Peter Kafka http://mediamemo.allthingsd.com/?p=25071 Apple has $51 billion in cash, and Steve Jobs had better spend some of it soon. Because people are starting to lose their minds.

See: Delusional investors in Sony, who bid up shares today over a rumor that Apple will blow its wad on the company.

Where did that crazy rumor come from? From this innocuous Barron’s column, where Eric Savitz throws out Sony’s name as a possible Apple purchase, alongside Disney and Adobe.

Now, Barron’s is an excellent publication (it is also owned by News Corp.’s Dow Jones, which owns this site), and Eric is an excellent writer. But perhaps something got lost in translation, because anyone who looked at the piece for a second would see that Eric was simply engaging in the time-honored tradition of “making wild guesses about Apple’s plans.”

Or, in Eric’s words: “That was pure speculation. Yeesh.”

I’m just glad there isn’t a public market (yet) for Facebook shares.

]]> http://allthingsd.com/20101026/see-what-youve-done-steve/feed/ 6 http://allthingsd.com/20101022/is-twitter-going-back-to-the-funding-well-for-a-giant-new-round/ http://allthingsd.com/20101022/is-twitter-going-back-to-the-funding-well-for-a-giant-new-round/#comments Sat, 23 Oct 2010 05:12:11 +0000 Peter Kafka http://mediamemo.allthingsd.com/?p=25001

Twitter, which has raised $160 million in its four-year history, may end up more than doubling that total: The messaging service is mulling yet another funding round that could see it raise more than $200 million.

It’s unclear how far into the fund-raising process the company is. One source familiar with the company’s thinking says Twitter isn’t actively seeking new funds, but has been fielding inbound requests to invest in the company, and that the volume of inquiries has spiked recently: “People have called them. At some point they’re going to consider if it’s a good idea or not.”

But a different source says the company has told investors it is contemplating raising “a very big round”–$200 million or more.

Twitter spokesman’s Sean Garrett’s response: “We don’t need the money and have made no decisions about additional financings.”

A year ago Twitter raised $100 million, at a billion-dollar valuation. Why go back to the well?

Some observers wonder if the company, which has more than 300 employees, substantial infrastructure costs and very little revenue, needs more money for operations, as it begins to roll out a serious advertising push. But I’m told that the company still has the majority of its cash from the last round in the bank.

A new deal would follow the example set by Facebook, Zynga and other high-growth, high-profile Web companies in the last year or so: More money for expansion, and in some cases to help early employees and investors cash out, without having to deal with the public markets.

It would also help put to rest a new round of speculation about a Twitter sale to a large buyer. In this case, chatters assume that Google would be the logical purchaser. But a new deal wouldn’t preclude a closer partnership with Google, which has been struggling to come up with its own social strategy, even as rival Microsoft has grown closer to Facebook.

]]> http://allthingsd.com/20101022/is-twitter-going-back-to-the-funding-well-for-a-giant-new-round/feed/ 4 http://allthingsd.com/20101013/yahoos-stock-acts-like-its-in-play-because-it-kind-of-is/ http://allthingsd.com/20101013/yahoos-stock-acts-like-its-in-play-because-it-kind-of-is/#comments Wed, 13 Oct 2010 22:34:12 +0000 Kara Swisher http://kara.allthingsd.com/?p=35503

Make no mistake–there are no definitive offers on the table to do a variety of takeover deals of Yahoo by either private equity moneybags or from big media giants such as News Corp. or smaller Web firms such as AOL.

But that does not mean that major players are not circling Yahoo (YHOO) and assessing the situation aggressively, a fact reflected in the rise in the Internet giant’s stock price today based on the many rumors swirling around it.

Despite being news to some, BoomTown had previously written about all these various scenarios, including interest from News Corp. and AOL, after the recent departure of a trio of top Yahoo media and sales execs brought into sharp relief the pressure that CEO Carol Bartz is under to turn around the company.

Yahoo shares were up almost six percent to close at $15.25, a high of late. It is up to $16.20 in after-hours trading.

According to sources close to the situation, that’s because big PE firms such as Silver Lake Partners, as well as News Corp. (NWS), AOL (AOL) and others, all have their PowerPoints and speadsheets opened up to try to figure out if there is a deal to be made to buy all or a piece of Yahoo in the wake of corporate turmoil, slow revenue growth and weak stock under the leadership of CEO Carol Bartz.

Sources said the key players in the growing soap opera are the execs who run Yahoo-affiliated companies in Japan and China. That would be Masayoshi Son of Yahoo Japan and Jack Ma of the Alibaba Group.

Yahoo owns big and lucrative stakes in both companies, assets which make up a big part of the company’s current valuation.

The sale of those stakes is what has some investors interested, since–if thorny tax issues can be solved–it would make the purchase of part or all of the well-known Silicon Valley company very inexpensive in relative terms.

Sources added that any approach would have to be nonhostile, since Yahoo still has some stringent antitakeover provisions in place from a hostile attempt a few years ago by Microsoft (MSFT).

But alternate CEOs to Bartz are part of the ruminations:

As I wrote two weeks ago, which was again reported today:

Most frequently mentioned by big investors in Yahoo: AOL (AOL) and its CEO Tim Armstrong.

Armstrong, said sources, has not shied away from the idea of Yahoo acquiring AOL and installing him as CEO with Bartz as chairman. AOL’s valuation is just $2.65 billion.

Although AOL has also been trying to turn itself around and is in a much less powerful position than Yahoo, Wall Street likes Armstrong’s story for AOL as a modern-day media and media distribution company.

“At least he has a narrative that is believable,” said one big investor in both companies. “Bartz has no vision.”

Among the other credible candidates most mentioned: News Corp. digital head Jon Miller, if the media giant were part of any deal, and Juniper Networks (JNPR) CEO Kevin Johnson, who was the architect of the failed acquisition of Yahoo by Microsoft.

What’s interesting here is what the board–and, most specifically, co-founder and former CEO Jerry Yang–is doing now.

For certain, it is receiving an incoming flood of negative communications from big shareholders, most of whom are unhappy with Bartz’s management. One big investor recently told board members that their continued inaction in the face of all the trouble was unsettling.

One big event coming up is the third-quarter earnings report by Yahoo on Tuesday, after the market closes.

If Yahoo’s sales remain as flat as they were in the second quarter, even with improved earnings, there will be even more scrutiny of Bartz to find growth.

And if Yahoo misses? Watch out.

One way might be via a big acquisition. Yahoo has recently been contemplating the local space, especially social discounting phenom Groupon. But the price would have to be high, sources said–well above $2 billion in cash and stock.

Would such a bold move be enough to keep the predators of Yahoo at bay? We’ll see, as the purple world turns.

A Yahoo PR person declined to comment on the stock rise.

Of course, rising on speculation, a higher stock is a problem for acquirers, as it makes Yahoo more expensive. Still, sources said a Yahoo deal of about $20 a share is entirely “doable.”

]]> http://allthingsd.com/20101013/yahoos-stock-acts-like-its-in-play-because-it-kind-of-is/feed/ 3 http://allthingsd.com/20101007/oracle/ http://allthingsd.com/20101007/oracle/#comments Thu, 07 Oct 2010 11:20:43 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=50307 At an analyst event earlier this month, Oracle CEO Larry Ellison mentioned he was interested in acquiring a chip company, sparking speculation Oracle might buy ARM or AMD (AMD). Ellison reiterated that interest during Oracle’s annual shareholder meeting on Wednesday, but with some additional and intriguing elaboration.

“My point really was that we are interested in buying intellectual property of all kinds,” Ellison said. “We are an IP creator and IP buyer, as opposed to trying to expand our business by buying a lot of services companies….So insofar as semiconductors represent intellectual property, we would be interested in certain semiconductor companies. Most of our acquisitions and the bulk of our strategy are in creating and acquiring intellectual property, including chips.”

In other words, if Oracle (ORCL) is eyeing a chip company as a potential acquisition, it’s likely a fabless one. NetLogic Microsystems (NETL), for example, which has been bandied about as a Oracle takeover target in the past. Or Mellanox (MLNX), whose technology Oracle already uses.

]]> http://allthingsd.com/20101007/oracle/feed/ 0 http://allthingsd.com/20100202/analyst-palm-may-be-acquired-in-the-next-two-years/ http://allthingsd.com/20100202/analyst-palm-may-be-acquired-in-the-next-two-years/#comments Tue, 02 Feb 2010 18:55:12 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=34095 Palm’s got potential–M&A potential.

That’s the word from Deutsche Bank analyst Jonathan Goldberg, who believes there’s a good chance the company will be acquired in the next two years.

In a note to clients this week, Goldberg argues that Palm (PALM), with its new Verizon (VZ) distribution deal in hand and nearly nearly 1,300 webOS applications in its App Catalog, is building the sort of market momentum that would be attractive to a larger company looking to break into the mobile device market–or shake it up.

“Big consumer electronics companies need some way to participate in the market and most of them have failed to come up with a successful strategy,” Goldberg writes. “Street consensus appears to be that Palm will be acquired in the next year or two, which given the current environment we think could be a reasonable possibility.”

But to make it a reality, Palm must first demonstrate its viability. “We think Palm needs to prove it can be a stand-alone entity, a viable business in its own right. We clearly think that it can.”

Clearly. Goldberg believes Palm will likely sell 600 thousand webOS devices through Verizon this quarter, and he says that Palm’s App Catalog, whose applications already outnumber those in Nokia (NOK) and Microsoft (MSFT) stores, will soon exceed those available in RIM’s (RIMM) App World and possibly the Android Market as well. That would certainly be enough to elicit an acquisitive glance from a company with mobile ambitions. Just who that would be, however, Goldberg doesn’t speculate about.

Of course, Goldberg is far from the first analyst to posit Palm as a takeover target. I’ve written here before about speculation that the company might be acquired by Dell (DELL) or Nokia.

]]> http://allthingsd.com/20100202/analyst-palm-may-be-acquired-in-the-next-two-years/feed/ 0 http://allthingsd.com/20100128/mcgraw-hill-no-we-didnt-confirm-ipad-launch/ http://allthingsd.com/20100128/mcgraw-hill-no-we-didnt-confirm-ipad-launch/#comments Thu, 28 Jan 2010 17:39:37 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=33732 Though it may have seemed like another of Apple’s perfectly timed third-party leaks (and I certainly mistook it for that), McGraw-Hill CEO Terry McGraw’s remarks to CNBC earlier this week were nothing of the sort. The publisher tells me that it was not privy to iPad prelaunch details and that to conclude otherwise is a misinterpretation of McGraw’s comments.

“As a company deeply involved in the digitization of education and business information, we were as interested as anyone in the launch of the new device, although we were never part of the launch event and never in a position to confirm details about the device ahead of time,” Steven Weiss, VP of Corporate Communications for The McGraw-Hill Companies said in a statement given to Digital Daily.

“On Tuesday afternoon Mr. McGraw appeared on CNBC in a wide ranging interview to discuss our earnings announcement and growth projections for 2010. His speculative comments about Apple’s pending launch, which he shared earlier in the day in a call with investors, were simply intended to suggest that if the new device were to use iPhone applications, many of our education products would be compatible with the technology and could be made easily available on it.”

Concluding, Weiss wrote, “Unfortunately, it seems that many mistakenly interpreted his comments as being more specific to yesterday’s announcement. It is also important to note that only the products of trade publishers were featured in the launch event. Our digital education programs are not in that category and were never part of those negotiations.”

It would seem, then, that contrary to other reports making the rounds, McGraw-Hill was not abruptly excised from Apple (AAPL) CEO Steve Jobs’s presentation yesterday after Terry McGraw’s disclosure on CNBC. And indeed, multiple sources close to the situation say that the CEO was not given a demo of the iPad before its launch and that McGraw-Hill (MHP) was never intended to be part of iPad launch event in San Francisco.

In retrospect, all McGraw really did on CNBC was to recycle and recast some comments made during the company’s Tuesday morning earnings conference call. Reading over those remarks, it seems plausible that he was simply excitedly regurgitating the same collection of rumor and speculation we all were during the run-up to the launch event.
 
“In the near future, you will undoubtedly see a McGraw-Hill e-book for the college market running on an Apple tablet,” McGraw said during the company’s earnings call. “All our titles on CourseSmart, the industry e-book consortium, are already available to students on an iPhone operating system. That’s because CourseSmart developed an iPhone application last summer with support from Apple. The goal was to have core educational content available on the iPhone operating system, which also makes it possible for e-books to run on new Apple devices using that system.”
 
Continuing, McGraw said, “Consider then the Apple tablet computer, which will be introduced shortly. There is a lot of secrecy about the introduction, but many expect that the Apple device will use the iPhone operating system. If that’s the case, we are confident that our CourseSmart e-books should run well right out of the box on any Apple Tablet. Stay tuned.”

Similar to what he told CNBC, right? Thing is, McGraw spoke with quite a bit more certainty during that interview. He said:

“Yes, they’ll make their announcement tomorrow on this one. We have worked with Apple for quite a while. And the Tablet is going to be based on the iPhone operating system and so it will be transferable.”

Those remarks don’t seem entirely speculative to me. Still, what was McGraw saying that we hadn’t already heard before? Maybe he reads the rumor sites too.

]]> http://allthingsd.com/20100128/mcgraw-hill-no-we-didnt-confirm-ipad-launch/feed/ 0 http://allthingsd.com/20090921/ec-to-intel-hows-this-for-manifestly-disproportionate/ http://allthingsd.com/20090921/ec-to-intel-hows-this-for-manifestly-disproportionate/#comments Mon, 21 Sep 2009 18:16:49 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=25146 Intel’s criticism of the European Commission’s legal acumen clearly has not gone over well in Brussels. The EC today responded to Intel’s claims that the Commission’s antitrust ruling against the company was meted out in error by releasing the full text of its decision and a selection of email correspondence and internal memos that make it clear that Intel (INTC) probably should have kept its big mouth shut.

“There have been some suggestions that the decision was based on allegations and not facts,” said Jonathan Todd, a commission spokesman. “With the publication of this decision, you can see precisely the details of the facts and how Intel broke the law.”

Below, a few of those details:

From a series of 2006 Lenovo e-mails:
“As you know I have been negotiating a special deal with Intel. The net is that Intel has made us a very attractive offer that we will end up taking. Our part of this deal is that we will award all business of shipments for the rest of this calendar year to Intel. In exchange, Intel will give us a special deal for both [geographical area] and [geographical area]. The deal is worth millions of dollars.”

“[two Lenovo executives] had a dinner with [an Intel executive] tonight (…). […] When we asked Intel what level of support we will get on NB [notebook] in next quarter, [he] told us (…) the deal is base[d] [sic] on our assumption to not launch AMD NB [notebook] platform. (…) Intel deal will not allow us to launch AMD.”

From a 2002 HP e-mail concerning the company’s negotiation of a rebate agreement with Intel:
“PLEASE DO NOT… communicate to the regions, your team members or AMD that we are constrained to 5 percent AMD by pursuing the Intel agreement.”

From a 2004 HP e-mail:
“You can NOT use the commercial AMD line in the channel in any country, it must be done direct. “If you do and we get caught (and we will) the Intel moneys (each month) is gone (they would terminate the deal). The risk is too high.”

From a 2004 Dell e-mail:
“[Intel senior executives] are prepared for [all-out war] if Dell joins the AMD exodus. We get ZERO MCP for at least one quarter while Intel ‘investigates the details’ (…) We’ll also have to bite and scratch to even hold 50%, including a commitment to NOT ship in Corporate. If we go in Opti [Optiplex corporate desktop line], they cut it to <20% and use the added MCP to compete against us" and "It looks 100% certain that Intel will take MCP to ZERO for at least one quarter while they 'review all of the numbers and implications.' (...) Appears likely that Intel would take MCP to <25% of current levels UNLESS we agree up front not to ship into [Product line]. If we do that, we're in 'détente' mode and can keep MPC [sic] at 50%. However, we don't meet [AMD Senior Executive]'s T&Cs [Terms and Conditions]. So, I would plan on MCP at <20% levels if we execute AMD across [Product line]and [Product line] as AMD wants."

Sounds pretty damning, no? Well, Intel doesn’t think so. In a hastily issued response, the company dismissed the EC’s release of the documents saying, “there’s nothing new here.”

“This Decision reflects the underlying bias we have come to expect from the case team that ran this investigation,” Intel said. “The Commission relied heavily on speculation found in e-mails from lower level employees that did not participate in the negotiation of the relevant agreements. At the same time, they ignored or minimized hard evidence of what actually happened, including highly authoritative documents, written declarations and testimony given under oath by senior individuals who negotiated the transactions at issue.”

]]> http://allthingsd.com/20090921/ec-to-intel-hows-this-for-manifestly-disproportionate/feed/ 3 http://allthingsd.com/20090921/ec-to-intel-hows-this-for-manifestly-disproportionate-2/ http://allthingsd.com/20090921/ec-to-intel-hows-this-for-manifestly-disproportionate-2/#comments Mon, 21 Sep 2009 18:16:49 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=25146 Intel’s criticism of the European Commission’s legal acumen clearly has not gone over well in Brussels. The EC today responded to Intel’s claims that the Commission’s antitrust ruling against the company was meted out in error by releasing the full text of its decision and a selection of email correspondence and internal memos that make it clear that Intel (INTC) probably should have kept its big mouth shut.

“There have been some suggestions that the decision was based on allegations and not facts,” said Jonathan Todd, a commission spokesman. “With the publication of this decision, you can see precisely the details of the facts and how Intel broke the law.”

Below, a few of those details:

From a series of 2006 Lenovo e-mails:
“As you know I have been negotiating a special deal with Intel. The net is that Intel has made us a very attractive offer that we will end up taking. Our part of this deal is that we will award all business of shipments for the rest of this calendar year to Intel. In exchange, Intel will give us a special deal for both [geographical area] and [geographical area]. The deal is worth millions of dollars.”

“[two Lenovo executives] had a dinner with [an Intel executive] tonight (…). […] When we asked Intel what level of support we will get on NB [notebook] in next quarter, [he] told us (…) the deal is base[d] [sic] on our assumption to not launch AMD NB [notebook] platform. (…) Intel deal will not allow us to launch AMD.”

From a 2002 HP e-mail concerning the company’s negotiation of a rebate agreement with Intel:
“PLEASE DO NOT… communicate to the regions, your team members or AMD that we are constrained to 5 percent AMD by pursuing the Intel agreement.”

From a 2004 HP e-mail:
“You can NOT use the commercial AMD line in the channel in any country, it must be done direct. “If you do and we get caught (and we will) the Intel moneys (each month) is gone (they would terminate the deal). The risk is too high.”

From a 2004 Dell e-mail:
“[Intel senior executives] are prepared for [all-out war] if Dell joins the AMD exodus. We get ZERO MCP for at least one quarter while Intel ‘investigates the details’ (…) We’ll also have to bite and scratch to even hold 50%, including a commitment to NOT ship in Corporate. If we go in Opti [Optiplex corporate desktop line], they cut it to <20% and use the added MCP to compete against us" and "It looks 100% certain that Intel will take MCP to ZERO for at least one quarter while they 'review all of the numbers and implications.' (...) Appears likely that Intel would take MCP to <25% of current levels UNLESS we agree up front not to ship into [Product line]. If we do that, we're in 'détente' mode and can keep MPC [sic] at 50%. However, we don't meet [AMD Senior Executive]'s T&Cs [Terms and Conditions]. So, I would plan on MCP at <20% levels if we execute AMD across [Product line]and [Product line] as AMD wants."

Sounds pretty damning, no? Well, Intel doesn’t think so. In a hastily issued response, the company dismissed the EC’s release of the documents saying, “there’s nothing new here.”

“This Decision reflects the underlying bias we have come to expect from the case team that ran this investigation,” Intel said. “The Commission relied heavily on speculation found in e-mails from lower level employees that did not participate in the negotiation of the relevant agreements. At the same time, they ignored or minimized hard evidence of what actually happened, including highly authoritative documents, written declarations and testimony given under oath by senior individuals who negotiated the transactions at issue.”

]]> http://allthingsd.com/20090921/ec-to-intel-hows-this-for-manifestly-disproportionate-2/feed/ 0 http://allthingsd.com/20090519/palm-pre-june-6-19999/ http://allthingsd.com/20090519/palm-pre-june-6-19999/#comments Tue, 19 May 2009 12:27:13 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=17872 At long last, the Palm Pre has a price and a release date. Ending months of rumor and speculation, Palm and Sprint (S) said this morning that the device will arrive at market nationwide June 6 (I know, I know, a day before the day I said it wouldn’t arrive). Price: $199.99 with a two-year service agreement and after a cheesy $100 mail-in rebate.

Seems that in the end, Palm (PALM) decided it would be folly not to match the $199 price of Apple’s (AAPL) iPhone, though according to CEO Ed Colligan, the Pre is far superior to it. Asked at the Consumer Electronics Show if Palm would try to take market share by undercutting the iPhone on price, Colligan told MediaMemo’s Peter Kafka, “Why would we do that when we have a significantly better product?”

Perhaps, because you must? As J.P. Morgan analyst Paul Coster noted this morning, “The $199 price point was absolutely necessary, in our view, to go head to head with RIM and Apple.”

Interestingly, this means the Pre will indeed ship just days before Apple’s Worldwide Developers Conference, the event at which the company is expected to announce its next-generation iPhone. Which suggests that perhaps, as I theorized yesterday, Palm is hoping the Pre will benefit from the iPhone halo. “By debuting so close to the presumed announcement of the iPhone, Palm would be ensuring that its new device is fresh in the minds of anyone mulling the purchase of Apple’s latest offering–or writing about it,” I wrote. “It would be parasitically riding on the back on the Apple media juggernaut. Question is, can it hang on without getting trampled?”

]]> http://allthingsd.com/20090519/palm-pre-june-6-19999/feed/ 2 http://allthingsd.com/20090406/sun-may-the-schwartz-be-with-you/ http://allthingsd.com/20090406/sun-may-the-schwartz-be-with-you/#comments Mon, 06 Apr 2009 22:11:29 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=16154 Sun chairman and co-founder Scott McNealy probably has a good joke or two about the way the company’s acquisition discussions with IBM (IBM) have gone down, but he won’t he won’t be relating them as CEO any time soon. That seems to be the word from Sun (JAVA), which this afternoon dismissed speculation that McNealy will replace CEO Jonathan Schwartz in the aftermath of the deal’s collapse. “As a policy Sun does not comment on rumors or speculation,” the company said in a terse statement. “What we can say is that Sun is committed to its leadership team, growth strategy and building value for its shareholders.”

Whether that is a true vote of confidence remains to be seen. Certainly, Yahoo (YHOO) made similar remarks about Jerry Yang during its ill-starred negotiations with Microsoft (MSFT), and we all know how that worked out for him…

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