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IBM Bests Microsoft in Market Value

Big Blue now second most valuable tech company, trailing Apple.

By Sarah Frier, Dina Bass, Bloomberg | Updated on September 30, 2011

International Business Machines Corp. passed Microsoft Corp. to become the world’s second-most valuable technology company, a reflection of industry changes including the shift away from the personal computer.

IBM’s market value rose to $214 billion yesterday, while Microsoft’s fell to $213.2 billion, the first time IBM has exceeded its software rival based on closing prices since 1996, according to Bloomberg data. IBM is now the fourth-largest company by market value and, in technology, trails only Apple Inc., the world’s most valuable company.

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