Last week was pretty big for corporate news, with Apple's CEO Steve Jobs temporarily stepping down for another health-related sabbatical, and Google's CEO Eric Schmidt stepping up to chairman.
Both companies have seen their share-prices fall this week, despite delivering excellent quarterly earnings, presumably as a direct result of these announcements.
Apple's fall was greater, which isn't a surprise as, with all due respect to Schmidt, Jobs is a more irreplaceable figure in his company. Furthermore, it looks like Schmidt is still performing more or less the same function; he'll just have fewer opportunities to deliver some of his occasionally ill-advised public pronouncements.
In a generally negative week for tech stocks, ARM and NVIDIA saw some retreat from their CES-fuelled spike, while AMD continued to be punished for turfing out its CEO.
The only companies up on the week - Oracle, IBM, HP and the disties - all have one thing in common: heavy exposure to the corporate IT market.
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