This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IBM's Market Cap Edges Above Microsoft's

ARMONK, New York ( TheStreet) -- IBM's (IBM - Get Report) market capitalization has surpassed Microsoft's (MSFT - Get Report) for the first time in 15 years, marking the latest chapter in the hardware and software giant's recent growth.

IBM has been enjoying strong demand for its software and services, helping the tech bellwether put out consistently robust quarterly numbers. The company also raised its 2011 earnings guidance last month.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Big Blue had a market cap of $205.2 billion at the close of play on Monday, compared to Microsoft's $203.82 billion.

Perceived on the Street as a solid and steady stock rather than sexy or hot, IBM has seen its shares gain almost 15% this year. Shares of Microsoft, however, are down more than 13% over the same period.

The number one software maker nonetheless beat analysts' third-quarter estimates last month, boosted by Kinect sales and a healthy corporate IT environment.

IBM shares closed down $1.90, or 1.12%, at $168.26 on Monday. Microsoft shares also headed southward, losing 32 cents, or 1.31%, to reach $24.17.

-- Written by James Rogers in New York.

>To follow the writer on Twitter, go to http://twitter.com/jamesjrogers.

>To submit a news tip, send an email to: tips@thestreet.com

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
IBM $147.89 0.00%
MSFT $43.52 0.00%
AAPL $112.76 0.00%
FB $89.43 0.00%
GOOG $618.25 0.00%

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs