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.
Michael Dell should shut down his company and give the money back to the shareholders.
AAPL vs. DELL stock price last 5 years
http://uk.finance.yahoo.com/q/bc?s=DELL&t=5y&l=off&z=m&q=l&c=aapl
“And then one day you find ten years have got behind you”
Pink Floyd – Time
in all honesty Dell ainʻt going anywhere for awhile. but based on their US sales… and now theyʻre selling at Walmart not to mention trying to sell “Premium” Laptops… Letʻs not just post here… letʻs short their stock… or buy stock option puts… we should make money out of Dell losing money…
Aug 02, 2002 to July 27, 2007
DELL +23.01%
AAPL +1934.17%
Michael Dell better shut down NOW and give money back to shareholders before there’s no money left to give back. Dell is a company without a plan and without a future.
Got any snappy retorts for that one, Mr. Dell?
He does, but at the moment he’s offline, writing linux drivers.
Karma’s a bitch, it works both ways so don’t tempt Applelytes!
And before you come back to me, what I mean is that even though it may not come back to Apple because after all Mr. Jobs is not making capital on that issue, it could come to you in your personal life.
Treat Karma with care.
http://arstechnica.com/news.ars/post/20050118-4535.html
Mr. X
Can you read? It’s only a matter of time. Have you seen their fruity colored laptops? lol
MD Word “Old”
Although I generally agree that it is humorous that Dell is where they are now, I do have to commend them for one thing that they have been doing recently – shipping Linux on some of their computers. They are actually in the process of breaking the shackles that Microsoft has on them. This will be a good thing for the entire market since computer buyers will have a choice. This will force document interoperability between all OSes and Microsoft will lose all control of the market that they have previously had. I’m all for Apple, but I also want to have multiple OSes available from non-MS places.
For the time being, the financial competition with Dell is done – stick a fork in them, they’re done. Let’s focus on higher things and the real competition, as opposed to the financial status of a nondescript manufacturer of ‘grey’ little boxes that have been built to the standards of the lowest common denominator.
The first thing to do is to pull away and make the superior valuation over both HP & Verizon stick for good. May take another quarter, but – by the middle of October – the change should be dialled in pending whatever changes the gods have in store.
The next mainstream target is Intel itself: if Apple were operating in a vacuum and INTC stayed in a narrow range, the target is around $160.00 – just over $16.00 away. A disappointing back-to-school season for the Windell marketplace (predicated on the lacklustre appeal of Vista), whilst iPods and iPhones (which aren’t ‘Powered By Intel’) continue to power ahead will make Intel a memory in the rear-view mirror.
If only Jack Miller was still around to give his take on this. I miss AtAT. But the family is a good reason to leave off.
Dell? Whar was that? Amiga?
What does a Delldo that a Gateway cun’t?
.uck itself in the ass?
Many corporations have had their ups. IBM, Dell, Gen. Motors, ITT, Ford, the list is endless. Remember that pride comes before the fall.
I worked for Dell for all of two weeks before they debuted the crap fiesta that they have unleashed in all the colors of the rainbow.
Behold! Vista comes in 8 shades of suck!
(Then they opened and Apple store and I quit. Guess where I work now?)
Funny but let’s just see what happens in a few years after the hype dies down to see if Apple has what it takes to hold on to it’s current height.
Last time I checked apples market cap it was indeed worth doube the one of dell!
Learn the lesson of the stock exchange and peoples expectations.
ha ha
“I have nothing more to say”
Last I checked, Dell is still doing 3x Apple’s revenues. That’s what counts.
i’m affraid apple takes all it’s hype from steve jobs and the day he will die, apple will be in freefall.
just look how fast it went down for a rumor last time!
Xofia,
It’s the profit that matters, not the revenues. That’s why the Xbox is a failure.
-jcr
Seriously though guys…Apple has succeeded on image alone. While OS X is ok, their hardware is CRAP. I’ve only bought one so far, but I paid double what I would’ve paid for a dell (i’m an idiot) and I’ve had many, many problems from it. Looking at the various forums, I’m far from alone.
Apple has done a great job with iTunes and the online stone, but their PC solution is just awful. Give me a Dell with Ubuntu anyday over an apple!