On October 6, 1997, in response to the question of what he’d do if he was in charge of Apple Computer, Dell founder and then 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 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.”
Today, after a little more than eight years of hard work, Apple Computer, Inc. passed Dell, Inc. in market value. That’s right, at market close Apple Computer ($72,132,428,843) is now worth more than Dell ($71,970,702,760).
Got any snappy retorts for that one, Mr. Dell?
Luckily, Apple has had the right man in charge since July 1997; a man with the vision and the ability to do what lesser men think impossible.
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Apple primed to pass Dell in market value – January 12, 2006
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Financial Times: Dell and Microsoft can never hope to attain Apple’s Mac aura – January 10, 2006
Struggling Dell has lost its mojo while Apple shows rapid growth – November 07, 2005
Apple growing faster with more innovative products, better support than ‘one-trick pony’ Dell – November 01, 2005
IDC: Apple shows rapid growth, holds 4.3% U.S. market share on 48% growth – October 17, 2005
Michael Dell say’s he’d be happy to sell Apple’s Mac OS X if Steve Jobs decides to license – June 16, 2005
Why buy a Dell when Apple ‘Macintel’ computers will run both Mac OS X and Windows? – June 08, 2005
Apple Macs are less expensive than Dell PCs – April 25, 2005
Dell CEO: Apple can’t just have one product and then say they’re the innovative leader of the world – February 22, 2005
BusinessWeek: Rather than dismissing Apple products as fads, Dell should try starting a few – January 31, 2005
Dismissive Dell CEO not impressed with Apple Mac mini, calls iPod a ‘one-product wonder’ and a ‘fad’ – January 17, 2005
Michael Dell owes Apple an apology; Apple up 176 percent vs. Dell’s 13 percent in past 12 months – January 15, 2005
What this article tells me is that people seem to think that Apple will be more profitable than Dell in the future. This is somewhat obvious… ipods are selling like hotcakes and the PC industry is reaching maturity. Duh
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However, without looking at any numbers I’d guess that Dell is STILL far bigger than Apple.
Another famous Michael Dell quote:
Q: What is the future of Apple Computer?
A: Silicon Graphics
Now, maybe it should read:
Q: What is the future of Dell?
A: Silicon Graphics
A couple of years ago my investment club wouldn’t even entertain the idea of buying any Apple stock when I suggested it. All were Windows users and brushed off Apple. Tonight was our monthly meeting and boy were they eating some crow. One couple has bought a Mac and several have iPods. We have Intel in our portfolio and we just voted to buy more because of the Apple deal. Perceptions of Apple have changed. The stock price and market cap have demanded attention.
For Dell fans who whine that Apple got here with the “aid” of ipod/itunes – as if selling 42 million of anything is a fluke but if you look closely you see Dell tried everything to diversify but failed because they are/were a one-trick pony – they started up a consultant service division, they tried to sell routers, they tried selling plasma TV’s, Mp3 players and even want to pull back on selling to consumers – all failures because they can do only one thing – sell the lowest cost PC to corporations – it’s a good business but that’s all they are capable of. If the computer industry shuts down tomorrow – everyone can name at least 5 Macs … can anyone – even Dell users name the PC they are using? What’s their legacy? EXactly the same as Compaq’s, Zenith or Packard Bell – huh? Who? Exactly.
I’d like to think that both BILLIONAIRES, Steve and Michael, would be mature enough to share a beer and have a good laugh over all of this.
“Wall Street only cares about what’s happening right now, today, this minute. Please, get a clue.”
Nope, Wall Street cares about what will happen in a minute so they can sell / buy shares before that.
Sorry wrong answer but thank you for playing.
When the iPoo fad is over, Apple’s market “value” will go back to the turd-sized original.
Lol. After how many years later, apple is now worth 25X more than Dell
lool at you jobs-ass-suckers,mac toys are only 3% of overall pc market
HA HA HAAAAAA
so ur bigger than dell, which is one of a hundred mighty intel-pc companies, ah that’s right of course you now use the superior intel technology cos your sucky old g4 tech cant keep up so you just copy pcs HA HA HAAAAAA
I guess when the Ipod “Fad” is over? Just like the CD “fad” went away it only took 20 years. BTW loosers I’m buying a new yacht this week with the money frommy Applestock since I went in heavy when Steve came back. I’ll have a Margarita for all you loosers. I guess you can deal with the driver installation on your Dell piece of shit while I am at it.
Well you certainly didn’t earn all that money as an English professor.
A hundred mighty PC corporations?
IBM no longer make PCs so you can’t mean them.
HP – makes more money from inkjet cartridges
Dell – only makes money from selling lowest-common denominator build quality to corporates who recycle every three years. Refers to
Gateway – don’t make me laugh.
Fujitsu-Siemens – only really makes money from being a favoured supplier to several governments here in Europe,
Acer – seemingly profitable, but only just! makes around 5% net after tax (probably the same as iTMS), very little retained income, great market cap until you convert it from NT$ into real money. Bills itself as the 5th largest PC manufacturer – terrific news for Apple if true.
Sony – makes money from PlayStation software, music, and cinema. Lost the ability to make money from hardware some years ago.
Which leaves Lenovo – where it’s too early to say what the deal is.
@RealityCheck – “When the iPod fad is over, Apple’s market “value” will go back to the turd-sized orig”
I don’t suggust you hold your breath or bet your house on this..it’s not going to happen. You can’t have not noticed a few changes other than just the iPod surely? Perhaps you haven’t, but then we never credited you with suffering an excess in the brain capacity department…
The NewYorkTimes is reporting that Steve tooked a fun jab at Michael Dell on Friday by sending out this email:
“”Team, it turned out that Michael Dell wasn’t perfect at predicting the future. Based on today’s stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today. Steve.””
Email from Apple: Art Directors Invitational Master Class
So… this sent out on Friday the 13th., when Apple’s share price closes at ≈ $86, the same day they pass Dull in Market Cap,
9 years (or 99 months) after Mike Dell said they should “Shut down the company” (October 6, 1997 – 10/6/1997).
ADIM 9.
2006 is the 10 year anniversary of Steve Jobs return to Apple. Announced 12/20/1996.
Today, Monday 1/16/06, is MLK day, 20 year anniversary.
Apple share price is still $86, and will be all day because markets are closed.
Notice the date that the invitational is over… Apple’s 30th Anniversary, April Fool’s Day 2006.
Steve Jobs 51st birthday is 2/14/2006, born in 1955
1955 also happens to be the same year that Albert Einstein died
Note that Vista used to be called “Longhorn”.
Note the branding iron… as in “BRANDing”… as, in “iPod”… as in, here’s how you build a brand.
as in “Burning your Rump”, or “Gonna’ Brand Your Ass”, as in MSFT, ass in ass.
Note that a LOT of history has been made in Monterey, California.
Especially as regards Music and Pop Culture.
Big history.
Click “Learn more about “ADIM 9” and see Apple use words and phrases like:
Manifest destiny,
destine to conquer,
expand your knowledge,
three days,
inspired potential,
take possession,
tricks of the trade,
work more effectively,
Xerox, Adobe, Cannon are sponsors for this event
From Wikipedia:
February 24 is the 55th day of the year in the Gregorian Calendar. There are 310 days remaining, 311 in leap years. By Roman custom February 24 is the day added to a leap year, and the occurrence of February 29 is merely a consequence of this. also on Feb 24:
1803 – The Supreme Court of the United States, in Marbury v. Madison, establishes the principle of judicial review. (in the news recently)
1975 – Hard rock band Led Zeppelin release the classic double album Physical Graffiti.
1988 – The Supreme Court of the United States sides with Larry Flynt’s Hustler magazine by overturning a lower court decision to award Jerry Falwell $200,000 for defamation.
1996 – The last occurrence of February 24 as a leap day in the European Union and for the Roman Catholic Church.
1990 – Malcolm Forbes, American publisher dies. (b. 1917)
1868 – Andrew Johnson becomes the first President of the United States to be impeached by the United States House of Representatives. He is later acquitt
Holidays and observances
Regifugium, in the Roman calendar
Independence Day in Estonia (1918)
Flag Day in México
Catholicism: Mardi Gras (aka Shrove Tuesday) (2004, 2009)
And 1955:
Events
July 17 – Disneyland opens.
July 18 – The first atomic-generated electrical power is sold commercially.
September 22 – Commercial television begins in England.
September 30 – Actor James Dean killed in car accident near Cholame, California.
December 1 – Montgomery, Alabama seamstress, Rosa Parks, refuses to give up her bus seat to a white man and is arrested.
December 31 – General Motors becomes the first American corporation to make over USD $1 billion in a year.
70 mm film is introduced with Oklahoma!.
Deaths
March 12 – Charlie Parker, American jazz saxophonist (b. 1920)
April 18 – Albert Einstein, German-born physicist, Nobel Prize laureate (b. 1879)
The list of births is amazing… 50+ well known famous people incl.: Bill Gates, Whoopi, Yo-Yo Ma, David Lee Roth,
PEOPLE:
Steven Paul Jobs (born February 24, 1955) is the CEO of Apple Computer and a leading figure in the computer industry. As co-founder (with Steve Wozniak) of Apple in 1976, he helped popularize the concept of the home computer with the Apple II. Later, he was one of the first to see the commercial potential of the GUI and mouse developed at Xerox’s Palo Alto Research Center, and saw that these technologies were incorporated into the Apple Macintosh. Jobs is known to be the man behind the recovery of Apple Computer, especially through the success of the Apple iPod. He is also chairman and CEO of Pixar Animation Studios, a leading producer of computer-animated feature films which has made such films as the recent Incredibles and the Toy Story series.
Go here:
http://en.wikipedia.org/wiki/Steve_jobs
A good read, I especially like: In the autumn of 1974, Jobs returned to California and began attending meetings of the “Homebrew Computer Club” with Steve Wozniak. He took a job at Atari, a manufacturer of popular video games, as a technician. During this time, it was discovered that a slightly modified toy whistle included in every box of Cap’n Crunch breakfast cereal was able to reproduce the 2600 Hz supervision tone used by the AT&T long distance telephone system. Jobs and Wozniak went into business briefly in 1974 to build “blue boxes” based on the idea that allowed for free long distance calls.
Albert Einstein (March 14, 1879–April 18, 1955) was a theoretical physicist of Jewish descent, born in Ulm, Germany, who is widely regarded as the greatest scientist of the 20th century. He proposed the theory of relativity and also made major contributions to the development of quantum mechanics, statistical mechanics, and cosmology. He was awarded the 1921 Nobel Prize for Physics for his explanation of the photoelectric effect in 1905 (his “miracle year”) and “for his services to Theoretical Physics.”
After his general theory of relativity was formulated in November 1915, Einstein became world-famous, an unusual achievement for a scientist. In his later years, his fame exceeded that of any other scientist in history. In popular culture, his name has become synonymous with great intelligence and even genius.
Einstein himself was deeply concerned with the social impact of scientific discoveries. His reverence for all creation, his belief in an “ultimate principle” (or “unified field theory”) and the grandeur, beauty, and sublimity of the universe (the primary source of inspiration in science), his awe for the scheme that is manifested in the material universe—all of these show through in his work and philosophy.
President Andrew Johnson (December 29, 1808 – July 31, 1875) was the sixteenth Vice President (1865) and the seventeenth President of the United States (1865–1869), succeeding to the presidency upon the assassination of Abraham Lincoln. Johnson presided over the Reconstruction of the United States following the American Civil War, and his conciliatory policies towards the defeated rebels and his vetoes of civil rights bills embroiled him in a bitter dispute with the Congressional Republicans, leading the House of Representatives to impeach him in 1868; he was the first President to be impeached. He was subsequently acquitted by a single vote in the Senate.
The impeachment of Johnson is widely regarded as one of the most shameful episodes in the history of the Federal Government. Had it been successful it would most likely have permanently damaged the Presidency and established a precedent that a president may be impeached not for “high crimes and misdemeanors” but for mere political differences.
Johnson was the first President to be impeached, and the only one until Bill Clinton on December 19, 1998. Both presidents were acquitted.
Post-Presidency
Johnson was an unsuccessful candidate for election to the United States Senate in 1868 and to the House of Representatives in 1872. He eventually succeeded and was elected as a Democrat to the Senate and served from March 4, 1875, until his death near Elizabethton, Tennessee, on July 31, 1875. He is the only President to serve in the Senate after his presidency.
States admitted to the Union
Nebraska: March 1, 1867
The Johnson Administration negotiated the purchase of Alaska from Russia on 9 April 1867 for $7,200,000.
The Alaska purchase from Russia by the United States occurred in 1867 at the behest of Secretary of State William Seward. The territory purchased was about 600,000 square miles (1,600,000 km²) of the modern U.S. state of Alaska.
Russia was in a difficult financial position and feared losing the Alaskan territory without compensation in some future conflict, either to US expansion in much the same way that Mexico had lost territory in the Mexican-American War, or to the British who had fought against Russia in the Crimean War. Therefore Tsar Alexander II decided to sell the territory to the US and instructed Russian minister to the United States, Baron Eduard de Stoeckl, to enter into negotiations with Seward in the beginning of March 1867.
The negotiations concluded in an all-night negotiating session that resulted in the signing of the treaty at 4 o’clock in the morning of March 30, with the purchase price set at US$7,200,000 (equivalent to about US$90 million in 2005 dollars). For the treaty to come into effect it had to be ratified by the United States Senate, and on April 9, 1867 the Senate approved the purchase by just one vote.
The purchase was at the time derided as Seward’s folly, Seward’s icebox, and President Andrew Johnson’s polar bear garden, because it was believed foolhardy to spend so much money on the remote and distant region. However, Seward’s icebox eventually paid off. In 1896, gold was discovered in the neighbouring Klondike in Canada, setting off the massive Klondike Gold Rush. Gold was being mined in areas of Alaska not far from Dawson, spawning settlements like Chicken and Eagle.
One of the most popular routes to the Klondike involved landing in Alaska where Skagway was established, as well as nearby Dyea, now abandoned and with no standing buildings. Some gold-seekers came up the Yukon River through Alaska, and may have been instrumental in the 1900 discovery of gold in the area of Nome, where another gold rush took place. Alaska has proven to be abundant with natural resources such as petroleum, natural gas, coal, timber, and salmon.
Apple Computer Won Suit over Beatles
On Monday, Beatle’s record company took another twist of a long legal road. This was a British Judge ruled that Apple Computer Inc. has the right to se the apple logo on its iTunes Music Store.
Troy
Jump2Top – SEO Company
We all knew this was gonna happen. In about 5 years, kids won’t even know what a Dell is!
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