Apple could buy Dell with cash – Apple 2.0

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Apple could buy Dell with cash – Apple 2.0
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 over. Or rather $10 billion, if you count, as reader Joe Goodart does, the $9 billion Dell has in the bank.

Hard to believe that it’s been only 11 years since Michael Dell, asked what he would do if he were Apple’s CEO, answered:

“What would I do? I’d shut it down and give the money back to the shareholders.” link

For the record, Apple’s market cap today stands at $85.8 billion.

Don’t cry for Michael Dell, however. According to a list of the 400 wealthiest Americans published last month, his net worth is still more than three times Steve Jobs’.

Michael Dell: $17.3 billion
Steve Jobs: $5.7 billion

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9 Comments

  1. Yeah, they should buy Dell and then they’d have a viable product. The only thing that has saved Apple is their non-computer line; iPhones, iPods, iWhatever that thing is that is a cross between an iPod and iPhone.
    Had Jobs not given away, figurtivly, computers to schools in the 80’s you wouldn’t be talking about any of this today.

  2. Casey is right: Apple is no longer primarily a computer company. They are a media company. They make money on iPods and ITunes. Apple’s computers have not vastly increased market share, and their computer line still does not make substation return on investment. Had it not been for the iPod, Apple would not be where it is today. Why would it bother shutting down Dell? Dell isn’t even Apple’s primary competitor. These days, Apple’s chief competition is Creative, Archos and a host of music stores. No wonder it’s doing well.

  3. Casey is right: Apple is no longer primarily a computer company. They are a media company. They make money on iPods and ITunes. Apple’s computers have not vastly increased market share, and their computer line still does not make substation return on investment. Had it not been for the iPod, Apple would not be where it is today. Why would it bother shutting down Dell? Dell isn’t even Apple’s primary competitor. These days, Apple’s chief competition is Creative, Archos and a host of music stores. No wonder it’s doing well.

  4. 5_Dollar_Shake Reply to 5_Dollar_Shake

    What a silly comment , casey.

    I am not a Mac guy at all – but I do have an iPod Shuffle and I think it is awesome – but that is beside the point.

    Apple is doing very well in the marketplace and making lots of money – despite your personal bias against them — they are doing so well they could pay cash and acquire Dell — these are facts and the point of the article — maybe you should think about them… Mr. Dell looks pretty foolish given his previous comments about Apple given their dramatic subsequent success and his relative failure.

  5. 5_Dollar_Shake Reply to 5_Dollar_Shake

    What a silly comment , casey.

    I am not a Mac guy at all – but I do have an iPod Shuffle and I think it is awesome – but that is beside the point.

    Apple is doing very well in the marketplace and making lots of money – despite your personal bias against them — they are doing so well they could pay cash and acquire Dell — these are facts and the point of the article — maybe you should think about them… Mr. Dell looks pretty foolish given his previous comments about Apple given their dramatic subsequent success and his relative failure.

  6. what would apple want with a computer company? they sell fashion accessories.

  7. what would apple want with a computer company? they sell fashion accessories.

  8. This kind of whining from Apple haters always remind me of the Yogi Berra quote. “Nobody ever goes there anymore, It’s too crowded”.

  9. This kind of whining from Apple haters always remind me of the Yogi Berra quote. “Nobody ever goes there anymore, It’s too crowded”.

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