Apple On Dell: Your Crystal Ball is Broken

| Apple Stock Watch

After closing in the stock market with a record high last Friday, Apple CEO Steve Jobs gave his employees a moment to gloat over Michael Dellis inaccurate view on the iMac makeris future. According to the New York Times, Mr. Jobs sent an email message to employees that read "Team, it turned out that Michael Dell wasnit perfect at predicting the future. Based on todayis 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."

Mr. Jobsi comment is in reference to a statement Dellis CEO made in 1997. Mr. Dell was asked what he would do to fix Apple, which was financially troubled at the time. He replied "Iid shut it down and give the money back to the shareholders."

In an interesting turn of events, Mr. Dell said that he is open to bundling Mac OS X with PCs should Apple decide to sell its operating system to other computer manufacturers.

Apple ended the week at up at a record US$85.59, while Dell slid down from its 52-week high of $41.99 to $30.58. Apple also shot up over Dellis market cap of $71.97 billion to $72.132 billion.

Apple is currently trading at $85.58.

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