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Thu, Jul 02, 2009 - 09:19 PM EDT  —  AAPL: 140.02 (-2.81, -1.97%)  |  NASDAQ: 1796.52 (-49.20, -2.67%)

Apple now worth quadruple Dell’s market value
Thursday, May 01, 2008 - 05:26 PM EDT

On October 6, 1997, in response to the question of what he'd do if he was in charge of Apple Computer, Dell founder and then CEO Michael Dell stood before a crowd of several thousand IT executives and answered flippantly, "What would I do? I'd shut it down and give the money back to the shareholders."

A little more than a month later, on November 10, 1997, new Apple Interim CEO (iCEO) Steve Jobs responded, speaking in front of an image of Michael Dell's bulls-eye covered face, "We're coming after you, you're in our sights."

On January 13, 2006, after a little more than eight years of hard work, Apple Inc. passed Dell, Inc. in market value, $72.13 billion vs. $71.97 billion at market close, respectively.

On July 27, 2007, Apple's value doubled that of Dell's, $127.81 billion vs. $63.65 billion, respectively.

On December 6, 2007, Apple's market value passed 3 times that of Dell's, $165.66 billion vs. $54.42 billion, respectively.

Today in NASDAQ trading, Apple rose $6.05, or 3.48%, to close at $180.00 and the company's market value passed 4 times that of Dell's, $158.66 billion vs. $38.97 billion.

Got any snappy retorts now, Mr. Dell? What's that, cat got your tongue?

AAPL and DELL quotes via NASDAQ are here.

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May 01, 08 - 05:29 pm Comment from: Kevin

LOVE IT!


Don't Be Like Mike

May 01, 08 - 05:30 pm Comment from: c

Stupid asshat Michael Dell has this coming to him. With any luck, that insulting will get out of the business to 'concentrate on his family' .... or whatever.

Carry your ass, Dell.

May 01, 08 - 05:32 pm Comment from: Canada Mark

While I love that Apple's value is 4x that of Dell, Apples net value has remained at a plateau for the last year or so (~$160 Billion) while Dell has shrunk from ~$70 Billion to $39 Billion! Dell is rapidly loosing what little inherent value it has as a company. Dell does NOT have an innovation stream and is no simply competing against other simple commodity PC manufacturers where it is simply "how cheap can I make this".

May 01, 08 - 05:32 pm Comment from: BiZarRo BaLlmEr

Yea but, Dell has such a huge share of the market, doesn't market share mean everything?

Say good night, Michael!

May 01, 08 - 05:37 pm Comment from: mr angry

Karma is a bitch eh mickey?

May 01, 08 - 05:37 pm Comment from: Sitruc

How d'ya like them apples Mikey?

May 01, 08 - 05:38 pm Comment from: pete

Bring back the dude!

May 01, 08 - 05:39 pm Comment from: ChrissyOne

Dude, you're getting irrelevant.

May 01, 08 - 05:47 pm Comment from: Kevin

Anyone know where i can find a picture of Jobs w/ Dell and the Bullseye??

May 01, 08 - 05:49 pm Comment from: Rich Apple person

What has happened to Dell as well as the person who started Gateway is both the fault of PC mfgs as well as Microsoft. First as someone who used to work on a Dell at work I can say that their products for the most part at garbage. In order to keep lowering prices they have gone to really cheap components.

Now is I remember wasn't Vista supposed to drive hordes of consumers into retailers to upgrade their PC's? Only one problem with that someone forgot to tell them ! Windows stopped being cool a long time ago and the failure of Vista is surely one of the reasons for the fall of Dell & Gateway.

Bill needs to bet back to the MS campus and lease an office somewhere away from Richmond where a bunch of developers can go off site and reinvent Windows so that's it cool again. Meanwhile OSX continues to gain share and Apple stock is up again courtesy of MS.

May 01, 08 - 05:50 pm Comment from: Tiger

Snappy retort:

I think Dell will blend.

May 01, 08 - 05:50 pm Comment from: Macaday

Volume is vanity.

Profit is sanity.

May 01, 08 - 05:51 pm Comment from: Demon

Interesting that Dell has closed, is closing and vastly shrinking it's tech support and sales centers staffed by Dell Employees. Once all the people from the Dell corporate ranks have been let go and Dell is relying on mostly contracted outsourced Support and Sales, how long will it be before they start to slip to the number 5 computer manufacturer spot?

May 01, 08 - 05:52 pm Comment from: Liz

Digg It like crazy!!!

http://digg.com/apple/Apple_now_worth_quadruple_Dell_s_market_value

May 01, 08 - 05:53 pm Comment from: ChrissyOne

Bill needs to bet back to the MS campus and lease an office somewhere away from Richmond where a bunch of developers can go off site and reinvent Windows so that's it cool again. Meanwhile OSX continues to gain share and Apple stock is up again courtesy of MS.

I don't even know where to start on this one...

Richmond?

May 01, 08 - 05:54 pm Comment from: makemineamac

This guy deserves what he gets, though I truly feel sorry for all the workers that are losing their jobs and Im sure there will be more to come.

At the time he made that statement, I'm sure he thought nothing could ever touch him, he was on top. As Canada Mark said, they do lack an innovation stream, so they have nowhere to go but down, and ultimately there is going to be no way out.

Karma is a bitch! Good luck Mike, you are so going to need it.

May 01, 08 - 05:55 pm Comment from: ChrissyOne

Something about Mike looks familiar...

May 01, 08 - 06:01 pm Comment from: Rich Apple person

I meant Redmond...sorry but still the thought remains. Microsoft needs to make Windows cool again ! Now I have heard that Microsoft can't do this because Windows PC's have too many third party components blah blah but the fact of the matter is that if Microsoft reinvented Windows with an OS that was cool and worked great a lot of people would, I believe, be willing to upgrade..until then people want to keep XP

May 01, 08 - 06:03 pm Comment from: Jubei

"Karma is a bitch eh mickey?"


He aint talking smack about Apple no more! hehe

May 01, 08 - 06:08 pm Comment from: Shinobi

I think Micheal Dell might be a good prospect to replace Ballmer at Microsoft.

Considering how he has turned DELL around, he should be able to take microsoft to the next level(down that is)

What do you think?

May 01, 08 - 06:10 pm Comment from: GregB

I really appreciate that you guys have a long, long memory. I love how you pull out these quotes and, deservingly, fling it back in their faces. I remember when Michael Dell made that comment and how angry it made me. With Apple riding high today it's validating that we stood by Apple and Mac all these years, because it was a little scary back in the late 90s. I mean, we know the Mac is better, but if I could not get my employer to let me use one at work then what! I had decided back then that if Apple shutdown it's Mac business that I would quite design and do something else rather than sell out and use Windows after Microsoft rose to dominance through illegal means. Now all we have to worry about is Apple being big that they loose focus, which I don't think will happen as long as Steve is there. Thanks for the trip down memory lane.

May 01, 08 - 06:11 pm Comment from: De plane, de plane!

Rich Apple Person has landed.

May 01, 08 - 06:12 pm Comment from: Mac n' Cheese

When does Laura Goldman weigh in on this?

May 01, 08 - 06:13 pm Comment from: ChrissyOne

Windows was never 'cool'.

No, it wasn't.

If you were walking around in 1990 saying "Windows is so cool!" then you had normal people calling you a computer geek, and computer geeks making fun of you for running gimmicky Windows instead of good ol' DOS.

I saw a t-shirt back in those days I will never forget:

Double Your Hard Disk Space: Delete Windows!

May 01, 08 - 06:13 pm Comment from: Michael Dell

Yeah, well screw you guys.

I've had a perfectly wonderful year.

Unfortunately, this wasn't it.

May 01, 08 - 06:23 pm Comment from: Raymond in DC

Rich Apple Person writes, "Bill needs to bet back to the MS campus and lease an office somewhere away from [Redmond] where a bunch of developers can go off site and reinvent Windows so that's it cool again." Well, were Gates both technically brilliant and a first rate visionary, MAYBE he'd have a shot. But he's neither, despite his former "Chief Technology Architect" position.

As to the "Rich" part, perhaps had I not been burned during the 2000 tech meltdown I wouldn't be so reticent in my Apple investments. I did pick up a few more shares two months ago - at ~$120. What a ride it's been since! Joy mixed with regret (that I didn't buy MORE).

May 01, 08 - 06:26 pm Comment from: jay

Mikey, How do like them Apples?

May 01, 08 - 06:39 pm Comment from: occams razor

Thanks Steve, just thanks.

May 01, 08 - 06:43 pm Comment from: Jubei

Ballmer: Here's a chair Mickey, now go toss it

Mickey: **aahhrumph**

Ballmer: Wakes up after being out for 2 hours; You idiot, across the room not at me!!

May 01, 08 - 06:44 pm Comment from: It's About Time

This type of story (ad nauseum it seems) is getting very old. Who gives a rat's ass about Dell. Market dynamics will decide their fate. In the meantime, continuing the 3rd grade behavior evident in this thread is asinine.

Can we now move on to something positive, like where Apple seems to be putting its energy over the next 6 months or so? Sheesh.

May 01, 08 - 06:53 pm Comment from: macoverdose_dot_com

hilarious....... and now he thinks he can do what jobs did.

May 01, 08 - 06:55 pm Comment from: Randian

Get over yourself and your supercilious attitude, "It's About TIme." If you don't like the WELL-DESERVED contumely heaped upon Mr. Dell by us MDN'ers, then go somewhere else where more erudite topics are discussed at all times.

As for me, give me the next article announcing AAPL's valuation at 5 X DELL! Can't wait.

May 01, 08 - 07:03 pm Comment from: Stuart

@ It's About Time

Dredging up that quote never gets tiring! Especially when certain milestones are reached.

It's always good for a laugh because it was such an absolutely absurd suggestion.

May 01, 08 - 07:08 pm Comment from: wyred_guy

Love great Apple history still in the making… btw MDN, to reflect the story, don't just paste his mug big & in such vibrant colors, we rather see his face pale & bulleye covered. Do us all a favor will you?

May 01, 08 - 07:12 pm Comment from: Jim

Sounds like Apple has a buying opportunity with the $20 billion is cash. They could make the return of investment in 3 to 4 years and take a good chunk of all those business accounts in one foul swoop. Mike Dell will become CEB Chief Excutive Biatch!

May 01, 08 - 07:12 pm Comment from: Spelling Bee

Pronouncer - The word is "supercilious"

@Randian - Could you use it in a sentence please?

Pronouncer - Why yes..."Your girlfriend thought you looked supercilious the first and only time she saw you without pants".

May 01, 08 - 07:34 pm Comment from: @ Rich Apple Person

Just in case any of you were wondering it was Ted Waite who started Gateway to answer

May 01, 08 - 07:36 pm Comment from: Macromancer

@ It's About Time

I'd tend to agree with the rest of the folks here. Dell started this with his comments, and so it is only fitting that he be ridiculed in some manner.

Problem with Dell is, the only thing they could innovate is a cheaper manufacturing process. Squeezing a few pennies a step at a time out of the cost only paints you into a corner. Without anything else to offer your buyers **cough** an OS **cough cough** then you have nothing to truly differentiate yourself from your competition.

May 01, 08 - 08:02 pm Comment from: Ampar

He looks like the test tube love child of Fred Savage and Richard Kind.

May 01, 08 - 08:15 pm Comment from: LOL

We all make mistakes ...

Sometimes, some of us make bigger, costlier mistakes.

May 01, 08 - 08:15 pm Comment from: Olmecmystic

I'm one of those who can NEVER get enough of this story, either. And yes, karma IS a bitch!

The remarkable thing about this saga is when you pay attention to Dell's numbers just since January 2006. I mean, we can all place these dates in "Apple time".

In January '06 Macworld had just ended with the surprise announcement of Intel chips already in the 15" MacBook Pro, the Mac Mini, and the iMac. At that moment, Dell was basically at $72B marketcap.

July 27, 2007 is a year and a half later and was two days before the iPhone dropped. Dell's marketcap had also dropped to about $64B.

December 6, 2007 is right at the peak of Apple's fiscal 1st quarter (traditionally their strongest), during the holiday season. It was NOT a merry Christmas for Dell; they had dropped again to about $55B.

Which brings us to today, May 1st, 2008, where we see that Dell has sunk like a rock to basically $39B!

No WONDER they're firing people and shutting down facilities! I'm like everybody else: it's bad for the employees to get thrown out in the street, especially in THIS economy, essentially because their leadership hired them into a company that was always a one-trick-pony.

As I've said here before, once a one-trick-pony has done their trick, it's time to go home; there's nothing else to see.

Peace.
Olmecmystic wink

May 01, 08 - 08:22 pm Comment from: iDon't

Its because DELL spends all of its extra money on tech support.

May 01, 08 - 08:32 pm Comment from: @Ampar

'He looks like the test tube love child of Fred Savage and Richard Kind.'

He totally does. With maybe a drop of Casey Kasem thrown in. This doesn't look good, Scoob'!

May 01, 08 - 08:33 pm Comment from: Michael Dell

What you guys are saying has hurt me so very much. In fact I cried all the way to the bank.

Plus, have you wankers seen my wife? Ha...Ha...Ha...

OBTW...I wrote this on my daughter's iPhone...

May 01, 08 - 08:40 pm Comment from: No,

but your daughter has seen my wanker.

May 01, 08 - 08:59 pm Comment from: Michael Dell

Yeah, she was telling me about that guy who stuck it in one of our goats.

May 01, 08 - 09:03 pm Comment from: Ron Jeremy

I saw those goat pictures. You call that a wanker?

Dude, you need a new wanker.

May 01, 08 - 09:11 pm Comment from: Jeffrey Stephen

Stop picking on Mike.

He was absolutely correct he was asked if he was in charge what would he do and if he was in charge that would have been the correct answer. Fortunately Steve was in charge and the rest is history.

May 01, 08 - 09:40 pm Comment from: Road Warrior

@it's about time:

After taking crap from Windows people for years about how the CLI (command line interface) was sooooo superior to the GUI (graphic user interface) and listening to IT wannabe gods who bad mouthed the Mac (only to have their own argument dissolve when I asked them about the last time they were on one) and the Zune Thang type behaviour you see from these bozos you have to come to realize that stooping down to using 3rd grade behaviour is about as low as you need to go to convince them that they won't pass kindergarten with that type of behaviour.


Oh yeah, so it will go on, ad nauseum. After all if they dished that crap out for years, they should be able to take it back for a few years.

Except that I doubt olde Mickey Dell will have anything to sell or give back to the shareholders by the time it is all through.

After all, the Gates of Dell will never prevail.

And that is a similar story that has been going on (perhaps ad nauseum) for over 2000 years.

May 01, 08 - 09:58 pm Comment from: Shadow

Not sure of the exact figures but taking historical spit adjusted prices from 6 Oct 97 and today's close here is what we have.

Apple 1997 4.8B Today 158B
Dell 1997 25B Today 39B
MSFT 1997 133B Today 273B

Say what you want Dell is defeated in my books.

Cheers

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