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Market says Microsoft is most valuable | |
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||
| Time: 05:38 EST/10:38 GMT | News Source: CNET | Posted By: Alex Harris | ||
|
Microsoft is on top again, at least when it comes to market value. The software giant's market capitalization, a measure of the total value of a company as judged by the stock market, has reached $265.1 billion based on Monday's closing stock price of $49.29, making it the world's most valuable company. Microsoft passed General Electric to get the top spot, but was helped out by a steep decline in GE's stock price over the last few months. GE had a market cap of $242.3 billion at Monday's closing bell. The victory, however, is somewhat hollow. The market capitalizations of both Microsoft and GE have been more than halved since their market peaks. The antitrust trial hurt Microsoft's market cap, and concerns about future growth has hampered GE. | ||
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