Sunday, January 25, 2004

BW Online | February 2, 2004 | Online Extra: Steve Jobs: "It Feels Good"

BW Online | February 2, 2004 | Online Extra: Steve Jobs: "It Feels Good" "These days, the roller coaster that's Steve Jobs's career seems stuck on up. Pixar Animation Studio (PIXR ), where he's CEO, is riding high, thanks to its latest release, Finding Nemo. The film recently passed $800 million in worldwide box-office receipts, making it the top-grossing film of 2003 and the top animated hit of all time. Pixar's shares have more than doubled in the past two years, to $68.
Then there's Apple Computer (AAPL ), the company Jobs co-founded in 1976, was fired from in 1985, and returned to in 1997. Sure, Apple's share of the worldwide PC market slipped to an all-time low of 1.9% in 2003's fourth quarter. But it has a megahit with the iPod music player and accompanying iTunes online music store. Apple sold 730,000 iPods in the fourth quarter and is on pace to sell 100 million songs since iTunes opened for business last April.
That has helped drive Apple's stock from $13 to $22 since last April. Just counting his 6.2% stake in Apple and his 55% holding in Pixar, Jobs is worth nearly $2.5 billion. BusinessWeek's Peter Burrows spoke with Jobs on Jan. 15 to discuss Apple's music success and where it might lead."
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