Shut down Dell and give the money back to shareholders

Summary:In October 1997 at the Gartner Symposium and ITxpo97, Michael Dell was asked what he'd do if he was in charge of Apple Computer. Dell responded to an audience of several thousand IT executives "I'd shut it down and give the money back to the shareholders.

Michael Dell
In October 1997 at the Gartner Symposium and ITxpo97, Michael Dell was asked what he'd do if he was in charge of Apple Computer. Dell responded to an audience of several thousand IT executives "I'd shut it down and give the money back to the shareholders."

According to Mac Daily News:

  • A month later Steve Jobs responded "We're coming after you, you're in our sights."
  • In January 2006 Apple passed Dell in market value, $72,132,428,843 vs. $71,970,702,760 respectively.
  • In Friday's intraday NASDAQ trading, Apple's market value passed 2 times that of Dell's, $127.81 billion vs. $63.65 billion.

So there's really only one logical thing for Michael Dell to do...

Topics: Dell, Apple

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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