Apple CEO Steve Jobs sought to soothe investor concerns about his health on Monday, saying his weight loss was caused by a hormone imbalance that is relatively simple to treat.
Shares of Apple rose more than 3 percent in early trade, as Jobs, a pancreatic cancer survivor, said he would remain CEO during his recovery and that his doctors expect him to regain his weight by late spring.
If you watch Fast Money regularly you know that the Fast Money traders have said several times, the Wall Street crowd finds the health of Jobs and the health of Apple inseparable. Jobs is seen as the driver of Apple's successful products, including Macintosh computers, iPod media players and iPhones. Without him it's unclear what would happen to the firm.
"I will be the first one to step up and tell our Board of Directors if I can no longer continue to fulfill my duties as Apple's CEO," Jobs said in a statement, breaking his silence about his health for the first time in months.
The statement followed widespread investor concern about the executive's health, after Jobs decided not to give the keynote speech at Apple product showcase Macworld this week. Speculation about his health started in June 2008, when Jobs appeared markedly thinner at an Apple event.
He acknowledged he had been losing weight throughout 2008 and that his doctors determined "a hormone imbalance that has been 'robbing' me of the proteins my body needs to be healthy."
He said the remedy for "this nutritional problem is relatively simple and straightforward" and that he has begun treatment.
And that leads to our Fast Money Reader Poll. When it comes to the health of Steve Jobs -- do you think there's more than meets the eye here?
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CNBC.com with wires