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IBM Unseats Microsoft As Second Most Valued Tech Company

Posted by Unknown on from the big-blue-gets-even-bigger dept.

First time accepted submitter FlatEric521 writes "The BBC is reporting that for the first time since 1996 IBM's market value has exceeded Microsoft's. The values cap a sustained period in which IBM's share price has moved steadily upward as Microsoft's has generally been in decline. Of course, Apple is still the #1 company by far."

3 of 296 comments (clear)

  1. Re:What about Microsoft owning part of Apple? by Anonymous Coward · · Score: 5, Insightful

    IBM is worth more to the U.S. government then INTEL, Apple, and Microsoft combined.

  2. For the first time since MAY by md65536 · · Score: 5, Insightful

    What happened to the last time this happened?
    http://news.slashdot.org/story/11/05/22/0232216/ibm-now-officially-worth-more-than-microsoft

  3. Re:Stock market fluctuations by BBCWatcher · · Score: 4, Insightful

    If you believe in rational markets -- I do, if the time horizon is long enough -- the market is simply valuing the respective companies according to the net present value of their expected after-tax profit streams. (That's an oversimplification but only slightly.) Looking at profit growth, IBM has outpaced Microsoft for several years running now. If the market simply extrapolates that trend forward, at some point IBM's and Microsoft's valuations had to cross.