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After Apple announced that Steve Jobs would not be delivering his annual keynote speech at the Macworld conference, shares of Apple traded down 5.8% to $89.90. The main reasons speculated are that Steve Jobs is sick,who knows. While the second states that Apple doesn’t have some Rocking Product to launch this time.

While we do not believe that this change provides any indication regarding Steve Jobs’ health, we do believe that it is a sign that we are in the early stages of changing roles in Apple’s management structure, Said Piper Jaffray analyst Gene Munster.

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