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Jobs: iMacs are here to stay

Apple's CEO shows off the 5 millionth iMac to shareholders and agrees the company needs women and minorities on its board.

CUPERTINO, Calif.--Apple Computer CEO Steve Jobs showed shareholders the 5 millionth iMac to leave the factory and promised the venerable desktop isn't going away.

"I look forward to shipping the 10 millionth iMac a few years from now," Jobs told shareholders gathered at Apple's headquarters here for the company's annual meeting. The colorful iMacs first began shipping in August 1998.

The gathering comes a day after the company announced a return to profitability.

Jobs said the company must continue creating great products despite continued uncertainty in the global economy. "Our economic crystal ball is foggy," Jobs said. "We're going to have play the hand we're dealt."

Also at the meeting, shareholder gadfly Richard Ash lost his bid to force Apple to rotate its annual meetings among major U.S. cities. However, Ash struck a nerve when he noted that Apple has no women on its seven-member board of directors.

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Another shareholder also noted that Apple has no racial minorities on its board, saying that adding women and minorities would truly help Apple "think different"--a reference to Apple's long-running ad campaign.

"There's no excuse. We should do it," Jobs said.

Jobs said the company hasn't yet found any women or minorities that it believes would be a good fit. But he added that it is Apple's fault for not looking hard enough.

"We haven't done our homework," he said.