Dell to Take Its Own Advice?
On 6 October 1997, Michael Dell, the CEO of Dell Inc., when asked how he would fix the then-struggling Apple Computer, told an audience at the Gartner Symposium that, were he in charge at Apple, he would “shut it down and give the money back to the shareholders.” Today, Bloomberg reports that Dell is said to be in buyout talks with private equity firms. Meanwhile, the once-beleaguered Apple has something in the neighborhood of $123 billion in cash and securities on hand, according to its last financial statement.