"To what purpose are powers limited, and to what purpose is that limitation committed to writing,
if these limits may, at any time, be passed by those intended to be restrained?"
-- Chief Justice John Marshall, Marbury v. Madison, 1803
I remember when Michael Dell said this all those years ago.
t may not be the last laugh, but on Friday afternoon, after the close of the stock market, Steve Jobs, the chief executive of Apple Computer, shared an e-mail chuckle with his employees at the expense of Dell, a big rival.
The message was prompted by the 12 percent surge in Apple’s stock price last week, which pushed the company’s market capitalization to $72.13 billion, passing Dell’s value of $71.97 billion.
In 1997, shortly after Jobs returned to Apple, the company he helped start in 1976, Dell’s founder and chairman, Michael Dell, was asked at a technology conference what might be done to fix Apple, then deeply troubled financially.
“What would I do?” Dell said to an audience of several thousand information technology managers. “I’d shut it down and give the money back to the shareholders.”
On Friday, apparently savoring the moment, Jobs sent a brief e-mail message to Apple employees, which read: “Team, it turned out that Michael Dell wasn’t perfect at predicting the future. Based on today’s stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today. Steve.”
Dell executives did not return calls over the weekend asking for comment on Apple’s rising fortunes.
Dell appears to have softened his views on Apple recently. In June, he responded to an e-mail inquiry from CNET News.com and said that Dell would consider putting Apple’s OS X operating system on its machines if Apple ever decided to sell it separately from its hardware.
Too funny. One of the ironclad rules of the technology world: don’t ever count out Steve Jobs.
Posted by
Lee on 01/16/06 at 12:12 PM (
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Yeah, but he certainly screwed himself over in the ‘80s with a few boneheaded decisions. Apple should be the biggest computer company in the world, instead Windows driven machines are 90% of the market.