Apple co-founder Steve Jobs to take medical leave of absence
January 15, 2009 at 09:50 AM EST
In a move that shocked the technology sector and sent Apple shares careening, Chief Executive Steve Jobs says he taking a medical leave of absence until the end of June. Tim Cook, chief operating officer, will fill in for Jobs as he battles an unspecified health problem. Investors sell down Apple shares by 4% in early action.