Apple rally ‘one of the most dramatic corporate turnarounds’ ever
Posted by Dennis Sellers 
Dec 27, 2007 at 5:19pm
A Christmas rally in Apple’s share price made it the world’s third most valuable new technology company, behind Microsoft and Google, “sealing one of the most dramatic corporate turnrounds ever achieved,” notes the Financial Times.
The stock price surge has taken Apple past industry stalwarts such as IBM and Intel and was capped this week as Apple topped even Cisco, the networking equipment maker. With a market capitalization of $177 billion, up more than $100 billion from a year ago, Apple is one of Wall Street’s “stand-out successes,” notes the Times.
“For Steve Jobs, the Wall Street recognition amounts to a powerful vindication for the strategy he embarked on after returning to Apple and becoming its CEO in 1997, more than a decade after losing control of the company he co-founded,” the article adds. “At the time of his return, Apple was struggling with a dwindling share of the desktop computer business as even its strongholds like the education market fell to the PC.”
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
