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TheStreet Open House

Apple CEO Steve Jobs to Keynote WWDC

Stocks in this article: AAPL

CUPERTINO, Calif. ( TheStreet) -- Apple (APPL) has announced that CEO Steve Jobs, currently on his second medical leave of absence, will headline the company's Worldwide Developers' Conference (WWDC) next week, adding a touch of tech glamour to the software-focused event.

In a statement released on Monday before market open, Apple confirmed that Steve Jobs and a team of Apple executives will "kick off" the event at Moscone West in San Francisco with a keynote address on Monday, June 6 at 10 a.m. PST.

Apple CEO Steve Jobs will headline next week's WWDC event.

According to Apple, Jobs and co. will unveil the eighth major release of Mac OS X, dubbed Lion. As widely anticipated, Apple will also take the wraps off iOS 5, the latest version of its mobile operating system, as well as iCloud, its forthcoming cloud services offering.

Apple did not reveal specific details of iCloud, although the service is expected to involve a cloud-based version of iTunes, and, potentially, a streaming media platform for devices running its iOS operating system.

The iconic Apple chief undoubtedly adds star quality to the company's product launches, although the tech giant is unlikely to debut new phone hardware at this year's WWDC, in a break with tradition. WWDC, which is one of the most eagerly anticipated events on the tech calendar, has typically served as the launch pad for the latest, greatest iPhones, such as the iPhone 4.

Investors nonetheless responded positively to news of Jobs' second public appearance since Apple announced his latest medical leave in January. Apple shares rose $5.49, or 1.71%, to reach $342.9 on Monday, outpacing the modest advance in tech stocks that saw the Nasdaq gain 0.79%.

Steve Jobs made a surprise appearance to launch the iPad 2 earlier this year, much to the delight of the gadget maker's fans.

Apple COO Tim Cook has been handling the firm's day-to-day operations in Jobs' absence.

-- Written by James Rogers in New York.

>To follow the writer on Twitter, go to http://twitter.com/jamesjrogers.

>To submit a news tip, send an email to: tips@thestreet.com

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