Apple: Tick Tock, Tick Tock, Tick Tock...

Losses, shortages, stagnation-something's gotta give

There may still be a time bomb at Apple Computer Inc. The ugly news is out--a $69 million loss for the quarter ended on Dec. 29, some 1,300 layoffs, more wrenching reorganization. But critical questions still loom: Will Chief Executive Michael H. Spindler survive a Jan. 23 board meeting? And will Apple's nearly invisible board finally step forward and squelch lingering doubts about the company's future?

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