Apple has enough cash to buy Dell.

Discussion in 'Apple, Inc and Tech Industry' started by Anonymous Freak, Oct 22, 2008.

  1. Anonymous Freak macrumors 601

    Anonymous Freak

    Joined:
    Dec 12, 2002
    Location:
    Cascadia
    #1
    Apple announced during its earnings call that it has about $25 billion in cash. AKA, $25 billion dollars in bank accounts and other assets that are completely liquid.

    On the other hand, Dell has a current Market Capitalization of $23.5 billion. This means that if you were to buy every single public share of Dell at today's closing price, it would cost $23.5 billion.

    Which means, Apple could buy Dell, without incurring any debt. (Of course, not literally; these kind of buyouts take a while, and as the stock starts to get bought up, it obviously goes up in price.)

    Michael Dell (founder of Dell computers,) had a famous quote in 1997 about Apple. He was asked what he would do if put in charge of Apple. His reply? "I'd shut it down and give the money back to the shareholders." (This was right after Steve Jobs came back.)

    What do you think Mike, should Apple do the reverse now?


    edit: Bah. I just discovered that this specific detail already made the Mac news circuit. And they even made the Michael Dell quote turnaround!
     
  2. 748s macrumors 6502a

    748s

    Joined:
    Dec 14, 2001
    Location:
    Tiger Bay
    #2
    At $14.65 billion, Adobe would be the company to buy.
    Then kill off the PC version of all Adobe software.:p
     
  3. Dybbuk macrumors 6502a

    Joined:
    Aug 8, 2006
    #3
    You really have to wonder what they're planning to do with all of that cash.
     
  4. Kane.Elson macrumors regular

    Joined:
    Jul 27, 2006
    #4
    Send it to their customers obviously. *crosses fingers*
     
  5. costabunny macrumors 68020

    costabunny

    Joined:
    May 15, 2008
    Location:
    Weymouth, UK
    #5
    Didnt Mr Dell once say if he had the money he would buy apple and close it down.... C'mon Steve - get yer chequebook out and get em.....
     

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