cellphoner

Filed under: Apple Corporate, Blast From the Past


Remember Michael Dell's legendary snub of Apple's prospects? Back in 1997, Dell was publicly asked what he'd do with the recently re-Steve'd Apple if given the opportunity. "I'd shut it down and give the money back to the shareholders," said Dell, earning the people's denigration and infamy forever. Of course, how could he possibly know?

Fast forward 10 years, and Dell's $62B market capitalization is dwarfed by Apple's $144B valuation. AAPL is trading at all-time highs, possibly portending a split, and the July prediction of AAPL passing IBM's $160B cap (!) is starting to look more rational every day -- but first it'll likely pass Intel's $149B. That's a lot of value that, shamefully, Apple has created for shareholders instead of taking Michael Dell's sage advice and throwing in the towel back in '97. Don't feel bad for MD, though; as Apple 2.0 notes, he's personally worth about 15 billion dollars. Seems like there's money to be made at both ends of the computer quality spectrum.

via Apple 2.0

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