It's not Google. It's IBM.
That's right: the company that gave Microsoft its big break, only to be eclipsed as the PC revolution replaced the mainframe.
Right now, IBM's market cap is at $207.88 billion, just shy of Microsoft's at $209.95 billion. IBM's stock has been rising pretty consistently over the last year. Microsoft's has been flat, and has been creeping down since its last earnings call.
If IBM passes Microsoft, that would make Microsoft the third-largest tech company after Apple, which passed it in market cap last May, and IBM.
IBM was last ahead of Microsoft about 15 years ago.
Steve Ballmer was around for the IBM beating. This must make him feel a little queasy inside. No wonder he's opening the wallet.
Here's market cap positions of some top tech companies as of this morning:
And here's the 10-year stock performance of IBM versus Microsoft:
For the latest tech news, visit SAI: Silicon Alley Insider. Follow us on Twitter and Facebook.
Join the conversation about this story »
See Also:
- Departing Microsoft Privacy Guru Blasts Current State Of Net Advertising
- Google And Amazon Leave The Door Wide Open For Apple's "Music Locker" To Dominate
- The LAST Thing Google Needs Is More Engineers
Melania Trump Summer Glau Mía Maestro Virginie Ledoyen Lindsay Lohan
No comments:
Post a Comment