Dell’s earnings have dropped by 63% this quarter. However, Maximum Leader Michael Dell sees blue skies on the horizon and says “We are preparing for what we believe will be a powerful replacement cycle”. One of his wish-dreams is that next year businesses and governments will rush out to buy new computers to run Windows 7. Of course, this is the same guy who in 1997 said of Apple “I’d shut it down and give the money back to the shareholders.”
Apple’s market capitalization passed Dell’s in January 2006.
Yesterday Dell’s stock closed at $11.48.
Yesterday Apple’s stock closed at $135.07.