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!