Apple now worth double Dell’s market value

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.”

On January 13, 2006, after a little more than eight years of hard work, Apple Inc. passed Dell, Inc. in market value, $72,132,428,843 vs. $71,970,702,760 at market close respectively.

Today, in intraday NASDAQ trading, Apple’s market value passed 2 times that of Dell’s, $127.81 billion vs. $63.65 billion.

Got any snappy retorts for that one, Mr. Dell?

AAPL and DELL quotes via NASDAQ are here.

76 Comments

  1. What’s worse for Dell is that not only have Apple increased dramatically but they (Dell) have dropped. In addition, what have they got lined up to help them? Cheaper models, cost cuts and sacking people. That’s all Dell have. Apple have new iPods, new Macs, iPhone, Apple TV, Leopard plus anything new they may have up their sleeves. Dell are fscked.

  2. Thelonious is rocking back and forth gently in a hammock waiting for his Edge connected iphone to finish displaying the the Dell story on MDN. Hmm is it Edge or MDN or both that’s so slow. He sips is chilled beer, hears birds cawing in the distance and finally the page displays.

    “Hmmm” he thinks. “Not good for any company to gain market value so fast or for any company to lose market value so fast.”

    As he reads, delighted in turning his iPhone vertical then horizontal then vertical again… a shadowy figure with an MDN T-Shrt slips up, swaps his beer for some other drink.

    Thelonious sips the “kool-aid” and suddenly he thinks, “Ah ha ha ha! Dumb ass Michael Dell. What have you got to say now ya bozo! Maybe you should give all the money back to the shareholders and buy Mac for them all as well! Lord I wouldn’t want to be you right now! CAUSE I’D HAVE TO USE DELL COMPUTERS! AH ha ha ha ha…”

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