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Microsoft Moves to Top of Market-Cap Rankings as GE Slips | |
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| Time: 15:47 EST/20:47 GMT | News Source: Yahoo News | Posted By: Byron Hinson | ||
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Microsoft Corp. is once again the world's most valuable company. The Redmond, Wash., software company sports a market capitalization of $262.1 billion based on last Friday's closing stock prices. That's less than half its peak value, but good enough to eclipse the sagging General Electric Co. , whose market cap is $240.9 billion. Market capitalization is computed by multiplying the current stock price by the number of shares outstanding. General Electric has about 9.49 billion shares outstanding; Microsoft has about 5.36 shares billion outstanding, according to recent company reports. | ||
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| #1 By 1845 (12.254.162.111) at 10/14/2002 6:39:07 PM |
| "That's less than half its peak value, but good enough...." Congrats, Bill and Steve! |
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