Jobs Suggests Dell Should Eat His Words

When Steve Jobs returned to Apple in 1997, Micheal Dell was asked what he would do to fix Apple. Dell replied: “What would I do? I’d shut it down and give the money back to the shareholders.” Following Friday’s news that Apple had surpassed Dell’s value of $71.97 billion, Jobs wrote an email to his staff: “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.” Who said capitalism is humourless?

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