On October 6, 1997, in response to the question of what he’d do if he was in charge of Apple, Dell founder and CEO Michael Dell stood before a crowd of several thousand IT executives and answered flippantly, “What would I do? I’d shut it down and give the money back to the shareholders.”
A little more than a month later, on November 10, 1997, new Apple Interim CEO (iCEO) Steve Jobs responded, speaking in front of an image of Michael Dell’s bulls-eye covered face, “We’re coming after you, you’re in our sights.”
On January 13, 2006, after a little more than eight years of hard work, Apple Inc. passed Dell, Inc. in market value, $72.13 billion vs. $71.97 billion at market close, respectively.
• 2X: On July 27, 2007, Apple’s value doubled that of Dell’s, $127.81 billion vs. $63.65 billion, respectively.
• 3X:On December 6, 2007, Apple’s market value passed 3 times that of Dell’s, $165.66 billion vs. $54.42 billion, respectively.
• 4X:On May 01, 2008, Apple’s market value quadrupled that of Dell’s, $158.66 billion vs. $38.97 billion, respectively.
• 5X:On February 12, 2009, Apple rose $2.60 to hit a market value of $88.37 billion or 5 times that of Dell’s $17.52 billion.
• 6X:On October 20, 2009, Apple rose $11.21 to $201.07 to hit a market value of $180.12 billion or more than 6 times that of Dell’s $29.97 billion.
• 7X:On January 26, 2010, Apple gained $7.57 to $210.64 to hit a market value of $189.72 billion or more than 7 times that of Dell’s current $27.03 billion.
• 8X:On May 21, 2010, Apple gained $1.95 to $239.74 to hit a market value of $218.12 billion or more than 8 times that of Dell’s current $25.84 billion.
• 9X:On June 1, 2010, Apple gained $6.89 to $263.77 to hit a market value of $240.01 billion or more than 9 times that of Dell’s current $26.29 billion.
• 10X:In NASDAQ trading today, Apple gained $1.60 to $265.37 to hit a market value of $242.43 billion or more than 10 times that of Dell’s current $24.21 billion.
Apple is also a debt-free company and currently has significantly more cash and short-term investments on-hand ($46 billion) than Dell Inc. is worth (now nearly double, in fact).
Hello, Mikey? Miiiiikeeeeey? Cat got your tongue?
Dell’s future is as limited as Mikey’s depth perception.
See AAPL and DELL quotes via NASDAQ here.
MacDailyNews Take: We’re like Elephant Memory Systems reincarnated: Never Forget.™
We’ll revisit this next time. This one goes to 11… and 12… and 13…
I think his eyes are getting closer together than ever, the result of the target Jobs put on him a decade ago – he can see the arrow coming in ever closer dead center.
Dell, where are you?
I liked him better on The Wonder Years.
So, Michael Dell doesn’t really make news nowadays……anyone have any interviews or quotes from him recently?
So Dell’s market cap has dropped by 2/3 in the last 4 years? Brilliant.
Someone do a photoshopped version of him as golem. That would be totally kewl.
How much was due to Dell and how much due to hiring Enderle as a consultant?
And due to Kevin’s poor penmanship, his engravment read, Kevin Amold… A Mold!?
And Winnie liked this guy?
Nice reference MDN, I remember…
@loganson
Don’t insult Golem.
@macromancer
LMAO!!!!
Michael Dell is STILL retired, retread, retard, whatever…
White Box makers are dinosaurs unless they move entirely to the Asian supply arena. Doubt Michael will move everything.
Even then, they have to play for pennies in the commodity market, where someone else is always willing to sell for less.
Not hard to see this coming. Jobs recognized it earlier than most.
Is anyone looking at this?
$71.97 billion in 2006
$24.21 billion now
That is $47.76 billion lost in 4 or 5 years. At this rate, Michael Dell has less than 2 years before there is nothing left to give back. Hurry Mikey. Close the doors and shut that turd down while there is something to give back other than “I am sorry” to those lemming share holders of yours.
Maybe HP will pick Dell up with their petty cash first.
I think the real question of the day is how much Apple is worth in comparison to Acer.
… ten times what Dell has been worth. It’s just that now the stock market reflects this fact. Thanks for pointing out that Apple has cash-on-hand – unlike Dell’s debts – which isn’t figured (directly) into the market valuation.
Burrell … remember when Apple was accused of being a player in a niche market? Like that was a Bad Thing? Apple is STILL playing in a niche market – the top half of the market – and that’s what floats their profit margin. Dell is losing the battle in the damn-near-NON-profit bottom half. And the buyers just keep getting smarter.
… ten times what Dell has been worth. It’s just that now the stock market reflects this fact. Thanks for pointing out that Apple has cash-on-hand – unlike Dell’s debts – which isn’t figured (directly) into the market valuation.
Burrell … remember when Apple was accused of being a player in a niche market? Like that was a Bad Thing? Apple is STILL playing in a niche market – the top half of the market – and that’s what floats their profit margin. Dell is losing the battle in the damn-near-NON-profit bottom half. And the buyers just keep getting smarter.
… ten times what Dell has been worth. It’s just that now the stock market reflects this fact. Thanks for pointing out that Apple has cash-on-hand – unlike Dell’s debts – which isn’t figured (directly) into the market valuation.
Burrell … remember when Apple was accused of being a player in a niche market? Like that was a Bad Thing? Apple is STILL playing in a niche market – the top half of the market – and that’s what floats their profit margin. Dell is losing the battle in the damn-near-NON-profit bottom half. And the buyers just keep getting smarter.
… ten times what Dell has been worth. It’s just that now the stock market reflects this fact. Thanks for pointing out that Apple has cash-on-hand – unlike Dell’s debts – which isn’t figured (directly) into the market valuation.
Burrell … remember when Apple was accused of being a player in a niche market? Like that was a Bad Thing? Apple is STILL playing in a niche market – the top half of the market – and that’s what floats their profit margin. Dell is losing the battle in the damn-near-NON-profit bottom half. And the buyers just keep getting smarter.
… ten times what Dell has been worth. It’s just that now the stock market reflects this fact. Thanks for pointing out that Apple has cash-on-hand – unlike Dell’s debts – which isn’t figured (directly) into the market valuation.
Burrell … remember when Apple was accused of being a player in a niche market? Like that was a Bad Thing? Apple is STILL playing in a niche market – the top half of the market – and that’s what floats their profit margin. Dell is losing the battle in the damn-near-NON-profit bottom half. And the buyers just keep getting smarter.
… ten times what Dell has been worth. It’s just that now the stock market reflects this fact. Thanks for pointing out that Apple has cash-on-hand – unlike Dell’s debts – which isn’t figured (directly) into the market valuation.
Burrell … remember when Apple was accused of being a player in a niche market? Like that was a Bad Thing? Apple is STILL playing in a niche market – the top half of the market – and that’s what floats their profit margin. Dell is losing the battle in the damn-near-NON-profit bottom half. And the buyers just keep getting smarter.
… ten times what Dell has been worth. It’s just that now the stock market reflects this fact. Thanks for pointing out that Apple has cash-on-hand – unlike Dell’s debts – which isn’t figured (directly) into the market valuation.
Burrell … remember when Apple was accused of being a player in a niche market? Like that was a Bad Thing? Apple is STILL playing in a niche market – the top half of the market – and that’s what floats their profit margin. Dell is losing the battle in the damn-near-NON-profit bottom half. And the buyers just keep getting smarter.
We use Dell’s at work and (LATITUDE ES400) they have a 40% failure rate for sound cards and DVD burners. they are flimsy and cheap and they suck.
Another few years MDN might be able to the same thing vs M$’s market cap or Google’s.
If his eyes were any closer together he’d be a cyclops.
He looks so much like Alfred E. Neumann in that picture. Someone should add the caption “Me worry.”
It funny to look back and remember all the accolades once showered on Dell as the company that was rewriting how the computer industry did business. Well, they sure did. Dell almost singlehandedly pioneered the business model that turned consumer PCs into worthless commodities.
(Posted at work from my joyless Dell laptop.)
——RM