Steve Jobs To The Rescue?

As we wait for the latest quarterly numbers (and possibly restructuring news) from Sunnyvale's Yahoo, we caught a glimpse of a surprising letter sent out recently by Steve Jobs to his Apple troops.

Courtesy of "Apple Insider," the letter shows Jobs reassuring Apple employees and other shareholders, in light of Apple's recent drop in stock price. "Hang in there," Jobs advises, suggesting that the company's huge cash stash, absence of debt, and well-known products will carry the company through the stock drop-off.

Jobs, as usual, has a point .. lots of stocks have been pummeled lately, many undeservingly. You could make a case, as Jobs does, that Apple's stock drop has been largely because of a hit taken by the overall economy. If you watch financial news, you've seen a parade of tech-watchers recommending Apple stock as a "buy," because the company remains so strong, with good future prospects.

Unusual, perhaps, for a CEO to put out a stock-related letter himself, but Jobs has never been one to fall victim to commonality. he himself has lost hundreds of millions of dollars on paper as Apple stock has tumbled, so he knows of what he speaks.

Now .. what will Jerry Yang say to Yahoo shareholders today.....?