Current market capitalization of companies is a function of future expectations. It is the best mechanism of quantifying the (smartest) collective judgement of people who are voting with their money.
Below is a market cap (as of Jan 18 2005) of key competitors and they do tell a story
Dell vs. Apple
Apple: $71.39B (Revenue: $13.93B)
DELL: $71.5B (Revenue: $54.18B)
Apple has a future, Dell might not
Oracle vs SAP
Oracle: $64.22B (Revenue $12.89B)
SAP: 56.94B (Revenue: $9.9B)
It's a tie
Google vs. Yahoo
Google: $138.05B (Revenue: $5.25B)
Yahoo: $56.91B (Revenue: $4.83B)
Advantage Google
Microsoft vs IBM
Microsoft: $287.3B (Revenue: $40.34B)
IBM: $131.10B (Revenue: $94.28B)
Products is a better business than Services
IT services
Accenture : $17.55B (Revenue: $17.57B)
EDS: $12.71B (Revenue: $20.51B)
Infosys: $19.82B (Revenue: $2.01B)
Infosys has beaten Accenture & EDS
Google vs. Microsoft
Google: $138.05B (Revenue: $5.25B)
Microsoft: $287.3B (Revenue: $40.34B)
Who Knows??
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