iLounge

After the close of the stock market Friday, Apple CEO Steve Jobs took advantage of his company’s recent good fortunes to have a laugh at the expense of Dell’s boss.

Shortly after Jobs returned to Apple in 1997, Dell’s founder and chairman, Michael Dell, was asked at a technology conference what he might do to fix Apple. “What would I do?” Dell said. “I’d shut it down and give the money back to the shareholders.”

Apple’s stock price saw a 12 percent surge last week, which pushed the company’s market capitalization to $72.13 billion, passing Dell’s value of $71.97 billion.

On Friday, Jobs sent an email to Apple employees, which read: “Team, it turned out that Michael Dell wasn’t perfect at predicting the future. Based on today’s stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today. Steve.”