Thursday, October 23, 2008

It is strange how things can change. Now Apple can buy Dell with their "pocket change"

In the business world, everything changes all the time. And the changes can be dramatic. This below is a good example of that.

"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.

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.'"


Source:CNN.com

Update: See also Microsoft closes the quarter with less cash than Apple

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