On October 6, 1997, in response to the question of what he’d do if he was in charge of Apple, 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.
• 2X: On July 27, 2007, Apple’s value doubled that of Dell’s, $127.81 billion vs. $63.65 billion, respectively.
• 3X: On December 6, 2007, Apple’s market value passed 3 times that of Dell’s, $165.66 billion vs. $54.42 billion, respectively.
• 4X: On May 01, 2008, Apple’s market value quadrupled that of Dell’s, $158.66 billion vs. $38.97 billion, respectively.
• 5X: On February 12, 2009, Apple rose $2.60 to hit a market value of $88.37 billion or 5 times that of Dell’s $17.52 billion.
• 6X: On October 20, 2009, Apple rose $11.21 to $201.07 to hit a market value of $180.12 billion or more than 6 times that of Dell’s $29.97 billion.
• 7X: On January 26, 2010, Apple gained $7.57 to $210.64 to hit a market value of $189.72 billion or more than 7 times that of Dell’s current $27.03 billion.
• 8X: On May 21, 2010, Apple gained $1.95 to $239.74 to hit a market value of $218.12 billion or more than 8 times that of Dell’s current $25.84 billion.
• 9X: On June 1, 2010, Apple gained $6.89 to $263.77 to hit a market value of $240.01 billion or more than 9 times that of Dell’s current $26.29 billion.
• 10X: On September 9, 2010, Apple gained $1.60 to $265.37 to hit a market value of $242.43 billion or more than 10 times that of Dell’s current $24.21 billion.
• 11X: In NASDAQ trading today, Apple rose $3.79, or 1.32% to @291.54 to hit a market value of $266.34 billion or more than 11 times that of Dell’s current $23.81 billion.
Apple is also a debt-free company and currently has significantly more cash and short-term investments on-hand ($46 billion) than Dell Inc. is worth (now nearly double, in fact).
Hello, Mikey? Miiiiikeeeeey?
See AAPL and DELL quotes via NASDAQ here.
MacDailyNews Take: This one goes to 11!
This just never gets old.
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This just never gets old.
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Never.
The real question is: Who is the next hubris-enriched loser?
I say Nokia.
Never.
The real question is: Who is the next hubris-enriched loser?
I say Nokia.
Is it me or does the picture of Mikey Dell’s head get bigger every time?
Is it me or does the picture of Mikey Dell’s head get bigger every time?
How sweet it is. – Jackie Gleason
How sweet it is. – Jackie Gleason
So why is Mikey worth more than double of Steve Jobs’ net worth? That just makes me sick!
So why is Mikey worth more than double of Steve Jobs’ net worth? That just makes me sick!
At 12:02 M$ 24.53 -.08
Dell 12.25 -.13
“So why is Mikey worth more than double of Steve Jobs’ net worth? “
Because Mr. Jobs takes $1 per year salary.
At 12:02 M$ 24.53 -.08
Dell 12.25 -.13
“So why is Mikey worth more than double of Steve Jobs’ net worth? “
Because Mr. Jobs takes $1 per year salary.
not inbred f$ckt4rded
not inbred f$ckt4rded
See Micheal, you shouldn’t have dropped out of college.
See Micheal, you shouldn’t have dropped out of college.
Definitely inbred
Definitely inbred
Mikey needs to cut prices and grab some more of that Market Share he loves sooooo much.
Mikey needs to cut prices and grab some more of that Market Share he loves sooooo much.
“MacDailyNews Take: ‘This one goes to 11!’ “
For the kids…
“MacDailyNews Take: ‘This one goes to 11!’ “
For the kids…
This one goes WAY past 11.
This one goes WAY past 11.
Dell isn’t even worth the bother of shutting and giving the money back to the investors.
More like a junker car, donate it to charity instead.
Dell isn’t even worth the bother of shutting and giving the money back to the investors.
More like a junker car, donate it to charity instead.
Looks just like W
Looks just like W
Oh the eyes!
Oh the eyes!
Nice reference in the take MDN!
Nice reference in the take MDN!
Does Michael Dell ever stand in front of his mirror and say:
Mirror mirror on the wall, who is the fairest of us all?
Does Michael Dell ever stand in front of his mirror and say:
Mirror mirror on the wall, who is the fairest of us all?
Criminy, Dell has shed 20% market cap in less than a year?!?
Wow, wish I’d been shorting that stock!
——RM
Criminy, Dell has shed 20% market cap in less than a year?!?
Wow, wish I’d been shorting that stock!
——RM
Does anybody on earth have a shorter interpupillary distance?
Does anybody on earth have a shorter interpupillary distance?
I will never tire of this, I hope we get to 20X
I will never tire of this, I hope we get to 20X
I love the Spinal Tap reference!
I love the Spinal Tap reference!
And … if he sold his shares and got out, chances are he’d be worth more than any ten of us put together. And if he didn’t earn another dime over the next decade, just kept paying his bills, he’s still be worth more than the wealthiest handful of us. Put together.
Life isn’t fair. Mickee, Billee and SJ did not graduate college with their High School peers, Jobs didn’t even finish year one! Life Is Not Fair! You want a job? Get an education. You want to throw the dice and go broke or get rich? Skip the school.
And … if he sold his shares and got out, chances are he’d be worth more than any ten of us put together. And if he didn’t earn another dime over the next decade, just kept paying his bills, he’s still be worth more than the wealthiest handful of us. Put together.
Life isn’t fair. Mickee, Billee and SJ did not graduate college with their High School peers, Jobs didn’t even finish year one! Life Is Not Fair! You want a job? Get an education. You want to throw the dice and go broke or get rich? Skip the school.
Dell didn’t get a huge jump after their new iPad killer announcement this week? Man, they can’t buy a break.
Dell didn’t get a huge jump after their new iPad killer announcement this week? Man, they can’t buy a break.
Yes, but Dell has bigger marketshare in computer sales….that’s more important than anything else in the world. Marketshare is real measure of success, admiration and accolades…just ask Microsoft.
Yes, but Dell has bigger marketshare in computer sales….that’s more important than anything else in the world. Marketshare is real measure of success, admiration and accolades…just ask Microsoft.
So, on today’s valuations, Apple is worth more than Microsoft plus Dell….with $34B left over.
Apple’s cash on hand would buy Dell outright….twice, not that any sane person would ever go near that low-profit plastic box bottom-feeder company.
Hey, Mike, ever heard of karma?
So, on today’s valuations, Apple is worth more than Microsoft plus Dell….with $34B left over.
Apple’s cash on hand would buy Dell outright….twice, not that any sane person would ever go near that low-profit plastic box bottom-feeder company.
Hey, Mike, ever heard of karma?
Soooooo what. Is this really news? Is it Dell hate time? Have they EVER breathed the same air as Apple?
Soooooo what. Is this really news? Is it Dell hate time? Have they EVER breathed the same air as Apple?
Mikey’s picture looks more like a mugshot.
Mikey’s picture looks more like a mugshot.
Michael Dell may be the unsung hero behind Apple’s ascension. With his sarcastic comments in 1997, he became, for Steve Jobs, a literal symbol—a bullseye—for the army of naysayers at the time, and Dell’s insults provided a wrathful Jobs with a fiery and undying motivation to prove all the offhand oddsmakers wrong … and the determination to keep on working through the years despite sewer rats nipping at his ankles.
That being said, Dell remains, of course, a success story in his own right, even though his company been elevened by Apple.
Michael Dell may be the unsung hero behind Apple’s ascension. With his sarcastic comments in 1997, he became, for Steve Jobs, a literal symbol—a bullseye—for the army of naysayers at the time, and Dell’s insults provided a wrathful Jobs with a fiery and undying motivation to prove all the offhand oddsmakers wrong … and the determination to keep on working through the years despite sewer rats nipping at his ankles.
That being said, Dell remains, of course, a success story in his own right, even though his company been elevened by Apple.
This looks even better as a graph!
https://files.me.com/rdeegan/rws3ai
This looks even better as a graph!
https://files.me.com/rdeegan/rws3ai
Peachy!
Peachy!
Is it mere coincidence that ‘Tap’ was on TV, late last night?
MW: ‘sure’
Is it mere coincidence that ‘Tap’ was on TV, late last night?
MW: ‘sure’
Dearest Michael
Happy SIDAGTMBTTS.
Love
Your ever loyal fan base.
Dearest Michael
Happy SIDAGTMBTTS.
Love
Your ever loyal fan base.
I wish a reporter would ask Dell that question NOW. MDN?
I wish a reporter would ask Dell that question NOW. MDN?
I was going to say that it seemed like just a couple of weeks ago that Apple was ten times the value of Dell and it practically was. If this keeps up, Apple will be 20 times the value of Dell by mid-next year. There really doesn’t seem to be an end in sight for iPad sales and if another carrier is available for the iPhone 4 in the U.S., things can only get much better. Wow! Even Microsoft is taking an ass-drubbing from Apple. It’s almost a $50 billion difference in market cap now. I only hope Apple can keep pouring it on nonstop and that the economy doesn’t fall flat again.
I was going to say that it seemed like just a couple of weeks ago that Apple was ten times the value of Dell and it practically was. If this keeps up, Apple will be 20 times the value of Dell by mid-next year. There really doesn’t seem to be an end in sight for iPad sales and if another carrier is available for the iPhone 4 in the U.S., things can only get much better. Wow! Even Microsoft is taking an ass-drubbing from Apple. It’s almost a $50 billion difference in market cap now. I only hope Apple can keep pouring it on nonstop and that the economy doesn’t fall flat again.
I think MR Dell means to close down Apple because he knew that he will stuff it up Dell Computer and he needed service of Mr Jobs!!!
This could be the reason for his comments. He probably knew that if Mr Jobs is around then Apple will overtake Dell Computers that,s why to eliminate competition he probably wanted to wind up Apple and take Apple’s staff into Dell Computer.
Instead of commenting re Mr Dell’s stupid comments, I think you should appreciate that he predicted the future and probably tried to do that.
I think MR Dell means to close down Apple because he knew that he will stuff it up Dell Computer and he needed service of Mr Jobs!!!
This could be the reason for his comments. He probably knew that if Mr Jobs is around then Apple will overtake Dell Computers that,s why to eliminate competition he probably wanted to wind up Apple and take Apple’s staff into Dell Computer.
Instead of commenting re Mr Dell’s stupid comments, I think you should appreciate that he predicted the future and probably tried to do that.