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Five Dumbest Things on Wall Street: Aug. 22

Stock quotes in this article: AAPL , MSFT , LEH , MER , GS , C , WB  

A Bug in Your Apple

The usually infallible Apple (AAPL Quote) finds its way onto our "Five Dumbest" list again this week, this time thanks to a "bug" in its iPhone 3G.

Apple suddenly became a master of understatement when it quietly slipped out a software update for the iPhone Monday, saying the new 2.0.2 firmware addressed "bug fixes."

No mention of reports about a rash of connection problems, which included losing the lightning-fast 3G connection and dropping a plethora of calls. ...

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