By Palash R. Ghosh, International Business Times
International Business Machines Corp. has made a stunning comeback 30 years after the computer was left for dead by scads of younger, more nimble companies that flourished during the tech-happy days of the 1980s and 1990s. Once the dominant computer company on the planet and the very symbol of technological power and excellence, Big Blue slipped dangerously close to irrelevance. However, last week something astonishing occurred – IBM leapfrogged over Microsoft Corp. to become the second-largest technology company in the world, second only to Apple Inc. As of Tuesday’s close, IBM’s market cap was $206.96 billion, slightly higher than Microsoft’s $205.52 billion. (Apple is far ahead at $347.29 billion).
http://www.ibtimes.com/articles/224580/20111004/ibm-palmisano-market-cap-pc-microsoft-tech-apple.htm
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