January 16th, 2006
Jobs Takes a Friendly (?) Email Poke at Dell
By Michael Santo
Contributing Writer, RealTechNews
In 1997, Michael Dell, when asked about what he would do with Apple, which was struggling at the time, said “I’d shut it down and give the money back to the shareholders.” Times sure have changed.
According to the closing prices of their respective stock on Friday, the market capitalization of Apple now exceeds that of Dell. On Friday, Apple’s market cap was $72.13 billion, with Dell’s value at $71.97 billion. And, today Apple was up while Dell was down.
Jobs sent an email on Friday to employees that said, “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.” Source: BetaNews
We Say: Nice little jab at Dell, especially with the earlier jab at all of Intel’s partners (except Apple, of course). Still, the Apple turnaround at the hands of Jobs deserves a little gloating.
Lockergnome's OS X Fanatics says:
Jobs Takes a Friendly (?) Email Poke at Dell
Michael Santo of RealTechNews writes: In 1997, Michael Dell, when asked about what he would do with Apple, which was struggling at the time, said “I’d shut it down and give the money back to the shareholders.” Times sure have changed. According to t…
January 16th, 2006 at 3:13 pm
Steve says:
Too bad the turnaround is based not on more efficient and affordable computing for the average american (more flexibility and less expensive software and HARDWARE), but on tapping into the twinkified cravings of the mtv generation (iPods playing iTunes through earbuds)
January 17th, 2006 at 11:26 am