Apple settles an old score with Dell!
Posted on 17 January 2006 by John
Seems as if Apple Computer’s boss Steve Jobs is one lucky duckie today! According to a report released on Monday, he has settled an old score with Dell Computers.
Back in 1997, when Mr. Jobs had returned to Apple, Dell founder and CEO Michael Dell, was asked what could be done to fix Apple, in deep financial trouble then. His reply? “I’d shut it down and give the money back to the shareholders.”
However, the score was settled when Apple stock surged 12 percent last week, pushing the company’s market capitalization to $72.13 billion, passing Dell’s value of $71.97 billion.
And oh, Mr. Jobs is not trying to hide his elation at all! New York Times reported that he sent an e-mail message on Friday to employees that read:
“Team, it turned out that Michael Dell wasn’t perfect at predicting the future. Based on today’s stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today.
Steve.”
Way to go Steve! But please, for heaven’s sake, focus on the Indian Market too! We also want the leet Apple stuff.






January 17th, 2006 at 10:48 am
And I’m kicking myself now for not buying shares. You don’t understand… I signed up for eTrade, but didn’t go through with it at the last moment. I’m talking three months back when Apple’s stock was significantly lower than it is now.
January 17th, 2006 at 11:41 am
Been there done that a lot of times Spencer. I remember not buying into local software companies. I am talking about when the .com burst had just taken place and offshore outsourcing had not been invented. You can imagine what I am talking about.
Remember those lyrics in Take a Look Around in MI2 OST : there aint nothin’ i can do, cause life is a lesson you learn it when your through.
After losing this opportunity, I am now smarter at finding values.