Once beleaguered, now big league


As the market closed today, Apple, the iPod and niche computer maker, surged past the $100 billion mark to finish with a market valuation of $102.7 billion dollars.

Still 20-50% smaller than most of the large enterprise technology companies (Cisco, IBM, Intel, HP), Apple has the 3rd largest cash horde of the companies displayed, larger than HP, Google, IBM, and Intel. They have passed in value database king Oracle and left behind former computer manufacturing and consumer electronic powerhouses, Dell and Sony. If you haven't already, it's time to reevaluate the strength and power of the company that nearly went out of business ten years ago... as well as the power of consumer technology in an industry once dominated by the enterprise.

[Data compiled from Yahoo Finance; Dell does not have cash reserves, Sony's cash reserve data is unavailable.]