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Présentation : The most closely watch succession plan in Silicon Valley history was activated today. Steve Jobs has resigned as CEO of Apple but has been elected chairman. Chief Operating Officer Tim Cook has been promoted into Apple's CEO slot. Apple's board announced the news today. While The VAR Guy isn't shocked by the news, Jobs' decision to give up the CEO title will surely rock Apple's stock when U.S. markets open on August 25. Still, let's not forget All of Apple's fundamentals remain rock solid.

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