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: On September 23, 2010, 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.
• 12X: On January 27, 2011, Apple rose $0.26, or 0.08%, to $344.11 to hit a market value of $317.02 billion or more than 12 times that of Dell’s current $26.02 billion.
• 13X: On August 26, 2011, Apple rose $9.86, or 2.64%, to $383.58 to hit a market value of $355.61 billion or more than 13 times that of Dell’s current $27.29 billion.
• 14X: On September 20, 2011, Apple rose $1.82, or 0.44%, to $413.45 to hit a market value of $383.31 billion or more than 14 times that of Dell’s current $27.15 billion.
• 15X: Today, Apple rose $14.03, or 2.75%, to $523.49 to hit a market value of $486.78 billion or more than 15 times that of Dell’s current $32.37 billion.
Apple is also a debt-free company and currently has three times more in cash on-hand (now over $100 billion) than Dell Inc. is worth.
Hello, Mikey? Miiiiikeeeeey? Got any snappy retorts today?
See AAPL and DELL quotes via NASDAQ here.
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It never gets old.
So true.
+1
It’s one of my favorite things.
Apple is appreciating at the rate of one Dell per year!
Next: power of two!
Interestingly that’s the same turnover rate of Dell’s computers.
ain’t it the truth.
No, it doesn’t get old! But, at 15X it’s getting hard to keep track. I guess we need to also tabulate the multiple of Apple’s cash hoard vs. the total value of Dell. We’re at 3X now and growing…
This morning I took a Dell and wiped my Mikey.
Childish, I know.
Do you guys think that michael@dell.com is that looser’s email address? I am so high on my aapl profits right now, I’d like to send him some… love.
it’s ‘loser’.
You must not be watching today Skippy. AAPL is hurting. I sold before noon. Looks like you didn’t. Too bad. You only make money when you sell. Holding is just that ; holding.
I don’t know. That bunch I bought at 20, two splits ago, is doing just fine.
Sure you did.
You’re a moron. You locked in some capital gains; so now what do you do? Oh, I’m sure Dell is selling at a discount, maybe that’s where you should invest next, ‘skippy’
Funny, all morning Apple was way up until liars sold just before the market dive over Greece. So far, they have not reported buying back in. GM, do report in before close of market.
Ok. Market closed. Down $11.79. Now how smart do you look? You really should stick to posting regarding subjects you grasp. Your comment about liars(?) and Greece have absolutely nothing to do with AAPL! Clearly you don’t understand equities. Feel free to post as a fanboy but stay away from stocks. You are clearly a fool. To put it kindly.
Good point. (Not) No matter how a stock moves in a day, you don’t sell on a single day’s activity, especially given the consistent overall gain AAPL is showing. Clearly you’ve either lost your nerve or you’ve lost your confidence in AAPL. That or you make your money churning stock.
Poor guy… It must be a heavy burden to live with that…
Who cares?
I do wonder about 2x MSFT, but that is far into the future. A week or so at least.
Are you nuts? A week or two, not a chance. Maybe a month though. Huge Smile 🙂
Loving the AAPL options now.
I will never, ever tire of hearing this one.
Karma is a bitch.
Snappy retorts? Nope jesh pashin’ bye cross-eyed on my way to the sink hole of also-ran irrelevant tech companies peddlin’ PCrap and nuttin’ spatial. Oh yeah and with me tail beneath me humbled hot air lungs, legs, market cap and stock. DON’T LOOK AT ME!
I remember the day I saw the news that Steve Jobs modestly sent a email to all his employees about Apple passing Dell in market value. It wasn’t much, but who would say that day was the begging of one of many embarrassed executives…. Steve Balmer, Ed Colligan, Motorola CEO, RIM’s former CEOs and many more.
Someone should start a website called “Famous Last Words” with the short sighted comments of CEO’s from Dell, Palm, Microsoft, Rimm, Nokia, …….. All steamrolled by Apple.
All the sweeter when you consider that not only is Mikey’s company a joke, but his very surname is now a laughingstock with along with it!
You know, I’ve been using Macs since my first bondi-blue G3 tower which I bought in 1999.
But, I started following Apple in about 1996 after the vampires Irving Gould & Medhi Ali sucked the life out of Commodore and left the Amiga’s twitching, emaciated corpse on the sidewalk.
Back when we had to actually use modems, my daily dose of internet tech news always started with Jack Miller’s website, ‘As the Apple Turns’.
I will never forget when Michael Dell said that Apple to should ‘Shut the company down…’
If you want to understand why ‘Apple fanbois’ are so sensitive, faithful and voracious, all you have to do is look at the years and years of condescension, derision, and disdain that have been heaped upon us by Windows users.
After years in the wilderness, the superior platform is finally getting its due and I would like to extend a congratulatory middle finger to Michael Dell and others like him.
Eat it, b*tch.
Hey, I miss As the Apple Turns – great writing and always brought a great laugh.
Excellent post, I completely agree!
In the 80’s and 90’s, Apple was the kid that everybody picked on in high school. Now, Apple is the popular, well-dressed, wealthy one that all the others wish they could get the time of day from.
I’ve been using Apple computers since my dad brought our first Apple II home from the only local Apple dealer of the day in 1979. Later, I worked in an Apple dealer, and I’ve been a Mac user since the beginning.
Damn, it’s a good time to be an Apple fan.
Well said, fandango.
Amen. It’s been a LONG 28 years. Hey Mikey how do you like THEM APPLES?! FU Loser! May you enjoy your Dell Hell into eternity.
MDN: “Hello, Mikey? Miiiiikeeeeey? Got any snappy retorts today?”
We all know what he would say: He was misunderstood in 1997.
To be fair, the headline can’t all be explained by Apple’s great products and management. Dell’s market cap has fallen from $72 billion in 2006 to $32.5 billion today. That’s a loss of 55%. If not for that, Apple would ‘only’ be worth 7-8 times the value of Dell.
DEEEEEEEEERRRRRRRRRRR!
You can bet your bottom dollar that Miiiiikeeeeey and the rest of the tech heads are also heavily invested in AAPL stock! They’re not that stupid.
Dell’s shareprice has been going up lately as has Microsoft’s. When it reverts back to its recent average of around $27, Apple will probably be close to 20x more than Dell. Shouldn’t be more than a couple months when the next earnings report comes out.
What Michael Dell was saying was based on his ability not that of Steve Jobs!
It’s a race to the bottom. Microsloth vs. DUH-ell.
SIDAGTMBTTS
Revenge is a dish best served cold.
I used to love these posts, but now they are boring. To me this wasn’t about Apple vs Dell, this was about Steve Jobs vs Michael Dell. When Steve stepped down the battle was over and the war was won by Apple (at least IMO)
Your comment makes me wonder if you really understand the history of Apple and their fans.
Yea.
I was a support person for Macs going back to the late 80s up to now. Oh the fond memories of dealing with IT people over the years.
They would make fun of the Macs and block them at every instance they could if someone tried to purchase one at their company.
So, yea, those types need it shoved in their face now.
Steve Jobs has quit the fight but Mikey is still one ugly dickhead.
The War goes on until a Chapter 11 ends it.
Oh I am a hardcore Apple Fanboy. But I have only been dedicated Apple Product Only person for 10 years. While I know the Mac was put down for many many years, and I remember growing up using Mac’s at my school and preferring them over Windows 3.11, to me, I looked at the Dell v Apple thing being about a company Founder/CoFounder coming and taking over a company and running it the best. In that case, Apple wins.
Apple will always win. They had (and have always had) the better product.
But in my eyes, and probably my eyes only, the Apple values vs Dell is a pointless comparison now.
Put it this way, it’s one thing to be a sore loser, but it’s a million times worse to be a sore winner, no matter how bad you were put down on the way up the ladder. So to keep rubbing in how much better you are doing when you are clearly the biggest and most profitable corporation to ever exist on the planet doesn’t say much about you.
And to be clear, I know Apple isn’t saying this, their fans are. So that comment above is aimed at the Apple fans, not the corporation.
And to be clearer, I am a fan of Apple Fans, because they are generally more educated than the average person. I just think that there is a point where enough is enough.
If the town bully is put into the stock and people gather round to pelt him with spoilt food, working out their long pent-up emotions, do you stand up after three rotten eggs and a hambone and say, “It’s getting boring now! Pointless to continue!” No, all the victims will insist on having a go at the brute.
It will play out in its own proper time.
The 7th verse of the song goes:
And the cat takes the mouse
The cat takes the mouse
Hi-ho, the derry-o
The cat takes the mouse
Apple’s Lion just ate 15 Dell mice…….
drop a line to Michael Dell on Google+
https://plus.google.com/100523784851251213675/
15 years, 15 times, nice!
That quote by Dell is the gift that keeps on giving! LMAO!!!!!
The merger begins at 16x. Mike Dells eyes have crossed the final millimetre and virtually nothing stands between them now.
Because at 16, the hex will be complete.
Well it might have rose to $523 share but it didn’t close at that price. Closed at $497.