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Remember that in 1997, when asked what he would do if he ran Apple, Michael Dell responded, “What would I do? I’d shut it down and give the money back to the shareholders.” Dell’s market cap currently stands at $33 billion. On paper at least, Apple could now buy them — in cash.
Apple Shares Soar Past $250 After Earnings. Market Cap Skyrockets Towards $240 Billion.
A refreshing departure from watching record Q1 earnings for paper pushing leeches: seeing a company that actually *makes things* — really innovative things that make people’s lives better — get rewarded for it.
