Also Apple has about 65 billion in cash currently in the bank. Must be nice.
-Chris On Sun, Jun 5, 2011 at 12:17 PM, Paul Saenz <forensicneoph...@gmail.com>wrote: > Definitely surreal. > > Apple now worth more than Microsoft + Intel. > > > http://www.techrepublic.com/blog/hiner/surreal-apple-now-worth-more-than-microsoft-intel/8456?tag=nl.e019 > > > By Jason Hiner > June 4, 2011, 5:39 AM PDT > > Takeaway: With Apple about to announce its next wave of product > updates at WWDC 2011, the company finished the week with a market > value than now exceeds Microsoft and Intel combined. > > When historians look back at this past decade in the technology > revolution, I wonder if the story of Apple’s comeback will look and > feel and surreal as it does to those of us who have lived through it? > Probably not. > > As Apple prepares to announce its next series of innovations at its > World Wide Developers Conference on Monday (TechRepublic will provide > live commentary), the company closed the week on the NASDAQ with a > stock price of $343.38, which means the public values the company at > $317.6 billion (what Wall Street calls “market capitalization” or > “market cap”). > > Meanwhile, Microsoft finished the week with a market cap of $201.59 > billion and Intel closed at $115.21 billion. You know where I’m going > with this. The combined market value of Microsoft and Intel = $316.8 > billion. Apple is now worth more than Wintel. > > Obviously, that’s significant since, during the 1990s, the Microsoft > Windows + Intel combo nearly drove Apple out of business. > MacDailyNews, which first pointed out this development on Friday when > the market closed, dug up this quote from June 1998 from Bill Gates: > ”What I can’t figure out is why he [Steve Jobs] is even trying [to be > the CEO of Apple]. He knows he can’t win.” > > While Apple is riding high from a string of product hits, Microsoft > continues to struggle to redefine itself in technology world that is > expanding far beyond the traditional PC. > > Read the DocuMentor blog now > Learn More » > > Of course, Intel is now a close partner of Apple’s in the Macintosh > division. But, don’t be surprised if Apple’s market cap victory over > Wintel shows up in Jobs’ slide show at WWDC on Monday. Jobs loves to > gloat and to poke fun his rivals — none more than Microsoft. > _______________________________________________ > LinuxUsers mailing list > LinuxUsers@socallinux.org > http://socallinux.org/cgi-bin/mailman/listinfo/linuxusers >
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