By Kevin McCauley
Apple stock tumbled in overseas trading today as the electronics/entertainment combine reports that its very public face, CEO Steve Jobs, is taking another medical leave of absence.
Apple’s announcement was made on the day U.S. markets are closed in honor of Martin Luther King Jr. Day.
Apple shares closed at $348 at Jan. 14. Shares were down more than eight percent on the Frankfurt exchange Jan. 17.
The Cupertino-based Apple released an email from cancer-survivor Jobs Jan. 17, saying he will be "involved in major strategic decisions for the company."
As he did in 2009 when Jobs took off for a liver transplant, COO Tim Cook will take over the management reins.
Jobs, 55, hopes to "be back as soon as I can" and appreciates respect for his privacy.
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