IBM has established itself in the second place after the iPhone maker, Apple who topped the market capitalization list.
As per the CMS Report submitted on Sep 30, 2011, IBM’s market value (market cap) derived by multiplying total shares that company has outstanding with the stock price has shown hit of- $214 billion. Microsoft’s market cap found was $213.2 billion at the end of the day. Since 1996 this victory of IBM’s over Microsoft was marked for the first time as per the data cited by Bloomberg. Data obtained states the Microsoft shares are operating at value of $25.43, per share along with a market cap of $213.1 billion while IBM’s shares are standing at a value of $177.02 per share with a market cap that sits at $211.4 billion.
The current market value of the both companies suggests that they have to give a tough fight to the technology market leader Apple to gain the top rank. Apple’s shares are operating /trading at $384.47 per share and the market cap sits at $356.5 billion making it the most valuable technology company in the world.