Master Entrepreneur: Steve Jobs of Apple Computer
The revolution that Steve Jobs unleashed in consumer technology also generated astounding wealth for Apple Inc. investors. The market value of the company’s shares has mushroomed from about $5 billion at the end of 2000 to $351 billion now — making Apple the second-most-valuable publicly traded U.S. business, after Exxon Mobil Corp. For a time last summer Apple had surpassed Exxon for the crown. Apple’s 927 million outstanding shares, at Wednesday’s price of $378.25 each, are worth more than the combined stock value of Microsoft Corp., Hewlett-Packard Co., DirecTV, Dell Inc. and Nokia Corp.
SOURCE: LA Times