Apple now worth quintuple 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 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 Interim CEO (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, $72.13 billion vs. $71.97 billion at market close, respectively.

On July 27, 2007, Apple’s value doubled that of Dell’s, $127.81 billion vs. $63.65 billion, respectively.

On December 6, 2007, Apple’s market value passed 3 times that of Dell’s, $165.66 billion vs. $54.42 billion, respectively.

May 01, 2008, APple’s market value quadrupled that of Dell’s, $158.66 billion vs. $38.97 billion, respectively.

Today in NASDAQ trading, Apple rose $2.60 to hit a market value of $88.37 billion or 5 times that of Dell’s current 17.52 billion.

Apple is also a debt-free company and currently has significantly more cash on-hand, $28.8 billion, than Dell is worth.

Got any snappy retorts now, Mr. Dell? What’s that, cat got your tongue?

AAPL and DELL quotes via NASDAQ are here.

[Thanks to MacDailyNews Reader “Warren” for the heads up.]

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