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Apple can build an OS that can compete in both server and desktops, using linux 2.6. There are a lot of demand for this outside USA.
Along with this:
Cheap IA32 machines, to compete with Dell/HP.
Powerfull IA64 servers, including aplications servers.
Apple Softwares.
Apple can take 95%, if not more, of linux market. Just take a look at their server and compare it with both Red Hat and SUSE. If I had an Apple Linux, with all their easy to use tools and great desktop, running on pc hardware, that's what I would recommend to our customers/clients. If I had to replace an old server, well, I would put an Apple at first place. They would loose to Dell/HP just if the price was too high.
They have the chance now, they have Unix expertise, they have Aqua, they have de development tools, they have a lot of good apps and they have the muscle to do that. If they want to recover the market share they had once, the time is now.
If they do nothing or refuses to do that, well, I think that they will be in troble. In one side you have Microsoft, the almighty of computing. At another corner you will find linux, growing fast. And when you talk about hardware, outside USA (mainly in development countries), Mac hardware if virtually unknow.