Michael Dell eats his words

February 5, 2013, 3:46 PM UTC

“What would I do? I’d shut it down and give the money back to the shareholders” — Michael Dell, Oct. 6, 1997, when asked what he would do if he ran Apple.

On Tuesday, Dell entered into an agreement with Silver Lake to acquire Dell (AAPL), the company he founded in 1984, for $24.4 billion.

Apple (AAPL), despite the drubbing its share price has taken, is currently valued at $417 billion.