Dell plunged 15% to $18.72 in pre-market Inet trading after saying it expected fiscal second-quarter earnings of 21 to 23 cents a share, below the average analyst estimate compiled by Thomson First Call of 32 cents a share, due primarily to aggressive pricing in a slowing commercial market.

The Round Rock, Texas-based Dell now sees earnings of 21 to 23 cents a share for the July period on revenue of about $14 billion.

Current market values:
• Apple – $51,064,500,320
• Dell – $44,447,732,640

MacDailyNews Take: If Dell ceased to exist today – say Michael Dell sold the company and gave the money back to the shareholders – nobody outside the company would care. Another Windows box assembler would simply slide into place and the mediocrity would continue unabated.

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