Business
Shut down Dell and give the money back to shareholders
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...