IBM Leapfrogs Microsoft in Market Value for First Time in 15 Years
IBM Leapfrogs Microsoft in Market Value for First Time in 15 Years
Posted 09/30/2011 at 11:20am
| by Paul Lilly
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Walk past an IBM board room and you might hear cries of "Huzzah!" Big Blue has reason to celebrate as it just became the second highest valued technology company in the world. IBM had to step over Microsoft to claim the No. 2 spot, something it hasn't been able to do for the past 15 years.
According to Bloomberg's figures, IBM's market value jumped to $214 billion yesterday. Microsoft moved in the opposite direction and was worth $213.2 billion at the closing bell. Based on those figures, IBM is the fourth biggest company in the world, as it pertains to market value, and sits behind only Apple in the technology sector.
Apple's lead isn't in danger. The Cupertino outfit surpassed Microsoft last year in market value and boasted a $362.1 billion market cap at yesterday's close. With iEverything devices selling like gangbusters, Apple will likely lead the technology pack for a long while.
Image Credit: MammothIce.com.au
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RUSENSITIVESWEETNESS
September 30, 2011 at 2:50pm
"After all, the money's in the hardware...."
Years later, I still think they should have shot the guy for saying that.
Corfy
September 30, 2011 at 1:04pm
"...it just became the second highest valued technology company in the world. IBM had to step over Microsoft to claim the No. 1 spot..."
I'm confused... is IBM the highest or the second highest?
Paul_Lilly
September 30, 2011 at 2:37pm
Second highest, behind Apple (No. 1) and ahead of Microsoft (No. 3). Good catch.
Rooke
September 30, 2011 at 1:43pm
Typo alert: That should have been, "claim the No. 2 spot". Apple's the largest.
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