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. Sad for Dell employees. Better look for a new job, at least a job that has some hope for a future.

    When Dell will end up like Compaq only the remaining Dell employees will truly notice. The brighter ones are already leaving the company.

  2. In the late 90s my Apple sales rep left to rep for Dell. He is still with Dell (I see him at the trade shows), but I wonder how he feels now. Regrets? I hope so! Maybe he can be saved from the dark side. On second thought, who cares.

  3. WOW What a payback!
    I’m loving life and when I look over at the Palmer project as we call it in austin. I get all misty eye to think this asshole is losing money fast and the justice department haven’t even finish with his ass. OH
    OH OH LIFE IS GOOD

  4. Well, that’s the bad news (for Dell). The good news? Apple is expanding its facility in Austin, Texas. Here’s my suggestion to Dell employees nearby concerned about their jobs: Buy a Mac. Get some experience with *real* personal computing while you update your resume. And hope Apple finds you worthy of consideration.

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