SEATTLE - International Business Machines edged past old rival Microsoft Corp., in the market value for the first time since April 1996 marking the latest twist in the fluctuating fortunes of two of more technology in the world.
The move marks another unfortunate step for Microsoft, which has failed to convince investors that it can dominate the future of the technology as he did in the past and saw its price stagnate over the past decade.
An investor with $100,000 in the two stocks 10 years ago would now have approximately $143,000 in IBM stock and approximately $69,000 in Microsoft stock.
Microsoft is now the third company tech us by market value, after a resurgence of Inc. Apple roared passed a year ago of take the first place.
IBM held industry for decades, until he hired the tiny Microsoft, unbeknownst to provide an operating system for its new line of personal computers in the 1980s.
Bill Gates project this dominance of the industry breakthrough - prove his theory that software would be more valuable than material - so that at the end of 1999, market value of Microsoft was three times that of IBM and more than any other United States of society.
During the rise of Microsoft based in Seattle, IBM has been pilloried as a Goliath yesterday, still could not follow with the computer revolution. The Armonk, company based in New York, nicknamed "big blue" has lost billions of dollars per year in the 1990s and was close to a break-up before a turnaround designed by CEO Louis Gerstner.
Given that the Internet technology bubble burst in 2000, the tables were reversed. More than doubled sales and profits over the past ten years, despite Microsoft stock is deadlocked, leading to criticism of 11 years at the head of CEO Steve Ballmer.
As always, it dominates the OS market, Microsoft lost in the new market of Internet advertising to Google Inc., let the Apple to show the way in the smartphones and tablet computer and struggling to make a mark on popular web of Facebook or Twitter.
In the meantime, IBM has remodeled itself as a specialist in software enterprise, servers and consulting, drop of its PC on the road, under the direction of Sam Palmisano since 2002.
According to Reuters data, Apple market value amounted to 309.2 billion Monday, IBM to 203.8 billion and Microsoft at 203.7 billion.
IBM is now ranked fourth in terms of market value of the United States, behind oil giant Exxon Mobil Corp. to 397.4 billion, Apple and industrial and financial conglomerate General Electric Co to 205.6 billion.
IBM shares ending down 1.1% at $168.26, while Microsoft fell 1.3% to $24.17.
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