It was announced that Steve Jobs has officially resigned as Apple's CEO. Of course apple's stock dropped 7% in after hours trading. If investors really understood the company the stock should have gone up.
Steve Jobs has embodied the true meaning of a leader. This doesn't mean he isn't without his faults over the years, but he has vision that has taken apple from a garage to having more market value and net worth than many countries. He has revolutionized almost every facet of technology in the past 20 years not too mention the music, movie and gaming industries.
However, these accolades are not why the stock should go up. The real magic, if you will, about Steve Jobs is the fact that he has passed on and instilled his core values into Apple itself. The culture, people, products, expectations and philosophies. So rest assured that his successor, Tim Cook, has the Apple spirit which is Steve Jobs. They are inseparable.
One may argue about the (mis)direction that Microsoft took after Bill Gates resigned and handed the keys over to Balmer. He was never a tech guy. He never saw that beauty in computers and how art can be found in computers and most importantly that computers and software are supposed to make people's life's easier.
God speed Steve....in whatever direction you go.