Apple stock: An empire in decline
A series of events have marked the way down for Apple Computer's share price, which has fallen almost 50 percent since ex-chairman Gilbert Amelio took the helm in February of 1996.
That speculation on June 26 moved the struggling computer maker's stock 
toward new lows, like a downhill skier hitting a steep run.
On June 30 that the company's largest clone maker, Power Computing, made plans to launch an initial public offering and expand its offerings to include the Microsoft-Intel platform.
Then, last week, Apple announced its chief executive Gilbert Amelio was resigning, leading Wall Street to worry that the third-quarter results would be lower than anticipated.
The stock has fallen approximately 50 percent since Amelio took the helm in February of last year, and last week hit a 52-week low in intraday trading of 12-3/4.
But with its better-than-expected earnings results today, announced after the market's close, the stock may be in for another wild ride tomorrow. 
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