Oppenheimer Downgrades Apple (AAPL) On Jobs' Macworld Cancellation

December 17, 2008 7:23 AM EST
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Oppenheimer downgrades Apple (Nasdaq: AAPL) from Outperform to Perform following news Steve Jobs cancelled his annual address at Macworld.

The firm said the unexpected announcement underscored the company's dependence on Jobs' health and lack of a succession plan.

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