Monday, October 22, 2007

How times have changed for Apple and Dell:

In October 1997, Michael Dell was asked what he would do if he ran Apple Computer. His reply, "I'd shut it down and give the money back to the shareholder". At that time, Dell had a market value of $4 billion to Apple's $700 million.

In October 2007, "Apple's valuation has since soared to $150 billion, more than double that of its personal-computer rival. Last month, Apple passed PC leader Hewlett-Packard Co. in market capitalization for the first time." (Via Fark.)