“It never really did feel right. All those IPOs, all those multibillion-dollar market capitalizations, all that hype. From late 1998 through the summer of 2000, Wall Street was an out-of-control beast, and IPOs were its sustenance. Now the cleanup begins, and it’s looking ugly. The Securities and Exchange Commission is reportedly investigating a host of questionable issues, including whether investment banks unfairly allotted pre-IPO shares in return for a variety of kickbacks. Meanwhile, some banks’ compliance officers are said to be conducting internal investigations.”

“Older and smarter, the CEO whipped his company back into the black. Is Apple on the verge of big things, or is it becoming perfectly irrelevant?”