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Steve Jobs steps down as CEO, and an era ends at Apple

Apple CEO Steve Jobs resigned Wednesday. Jobs will stay on as Apple board chairman as Chief Operating Officer Tim Cook takes over as chief executive running Apple.

In this March 2, 2011 file photo, Apple Inc. Chairman and CEO Steve Jobs waves to his audience at an Apple event at the Yerba Buena Center for the Arts Theater in San Francisco. Apple Inc. on Wednesday said Jobs is resigning as CEO, effective immediately.

Jeff Chiu/AP

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Steve Jobs – the computer pioneer who helped revolutionize the way people communicate, do business, and conduct many other aspects of their lives – has resigned as head of the company that had its roots in a garage filled with gadgets and gizmos.

He stepped down as Apple CEO Wednesday

Along with Microsoft rival Bill Gates, Mr. Jobs was one of the original “Pirates of Silicon Valley,” as the 1999 feature film portrayed them.

Technologically brilliant. Supremely self-confident. And with an innate business sense that could blow the likes of IBM out of the water. Together, the two competitors were able to anticipate what billions of people worldwide would want even before the public had any inkling of Facebook, Twitter, or Google.

But the time came (as it had for Mr. Gates at Microsoft) when Jobs felt the need to turn over the reins of corporate power at Apple.

Although he had appeared at the launch of the iPad 2 in March and the company’s annual developers' conference in June, Jobs had been on medical leave for months.

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