Ben Baer, Senior Producer - Sep 24, 2009 2:20 PM ET
Here's an interesting corporate milestone: When the markets closed on Wednesday, Dell (DELL) was trading at $11.98 share, with 1.96 billion shares outstanding. That puts Dell's market capitalization at $23.5 billion.
Meanwhile on Tuesday, Steve Jobs reported that Apple (AAPL) ended fiscal year 2008 with $24.5 billion in the bank.
In other words, Apple could buy Dell with the cash it has on hand and still have more than $1 billion left MORE
Philip Elmer-DeWitt - Oct 23, 2008 7:41 AM ET
It was only seven months ago that we celebrated the 10 year anniversary of what may be Michael Dell's most famous quote. Asked on Oct. 6, 1997, what he would do if he were in charge of Apple, he told a crowd of several thousand technology execs gathered in Orlando:
"What would I do? I'd shut it down and give the money back to the shareholders." (link)
The irony, as we noted MORE
Philip Elmer-DeWitt - May 4, 2008 8:37 AM ET
It was 10 years ago that Michael Dell, speaking before several thousand technology executives at ITxpo97 in Orlando, answered a question about what he would do if he were CEO of Apple with a remark he probably instantly regretted:
"What would I do? I'd shut it down and give the money back to the shareholders." (link)
As others have noted, Apple's (AAPL) market capitalization today is more than double that of Dell MORE
Philip Elmer-DeWitt - Oct 7, 2007 8:09 AM ET