Apple 2.0

Covering the business that Steve Jobs built

Michael Dell eats his words

February 5, 2013: 10:46 AM ET

Revisiting Dell's famous prescription for Apple, 15 years later

Screen Shot 2013-02-05 at 10.13.48 AM

"What would I do? I'd shut it down and give the money back to the shareholders" -- Michael Dell, Oct. 6, 1997, when asked what he would do if he ran Apple.

On Tuesday, Dell entered into an agreement with Silver Lake to acquire Dell (DELL), the company he founded in 1984, for $24.4 billion.

AppleĀ (AAPL), despite the drubbing its share price has taken, is currently valued at $417 billion.

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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