Apple Crisp: Jobs Gyrates at MacWorld as the Core Rots

Wall Street needed a good reason to be excited about Apple (AAPL Quote) after the computer maker's sales warning last night. Unfortunately for the company, nothing of the sort is coming out of its semiannual MacWorld exposition in New York.

As always, the buzz preceding the trade show was abundant, focusing this time on the possibility of some exciting new hardware product announcements: a handheld device, a gigahertz G4 processor, a new line of flat-panel iMacs.

Sorry. Steve Jobs opened his keynote speech by introducing 45 minutes' worth of presentations by applications developers from companies like Adobe, Quark, FileMaker and IBM. Jobs then unveiled OS X 10.1, the fifth facelift for the company's new operating system since its release early this year, and its first substantial upgrade. The new system offers a number of modest improvements, including DVD playback and better networking capabilities. ...