Apple now down only 2.8 percent for the day on word Steve Jobs is taking another medical leave.
Two points on this:
1) no one has downgraded the stock or lowered estimates, and more importantly —
2) this is the third medical leave Jobs has taken and each time the impact seems to lessen. The stock went up 70 percent during his last leave in 2009. More important is the release of first quarter results tonight.
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