Feeds

Microsoft leapfrogs to top of FT500

Basks in reflected glory of IT sector

  • alert
  • submit to reddit

New hybrid storage solutions

The Great Satan of Software may now be the world’s biggest company, according to the Financial Times’ annual ranking of the global top 500, but this has as much to do with fortune as it has with business acumen. The latest FT500 listing clearly shows Microsoft’s move to first position, from fourth last year. This is as much a reflection of the overall changing face of the FT’s league table. IT stocks have risen across the board, with companies such as Cisco, Lucent, MCI Worldcom and AOL all jumping up the ranking. European IT companies’ stocks have similarly risen. Deutsche Telekom has moved from 44 to 27 and BT from 64 to 25. Vodafone, which recently snapped up AirTouch, has rocketed from 226 to 81. If anything, Microsoft’s move to first position implies that investors’ confidence has not yet been dented by the marathon anti-trust case currently slugging along in the US. A company’s FT500 ranking reflects it’s market capitalisation, which is determined by its share price multiplied by the number of shares in issue. Bill Gates is keen to point out that’s all he’s doing: capitalising on the state of the market. It remains to be seen, however, how long the market tolerates this sort of capitalisation. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.