INTERNATIONAL -- INT'L COVER STORY
The Top 25 Digital Economy Companies
| Rank | Overall Rank/Name | Country | Market Value ($Bil.) | |
| 1 | 1 MICROSOFT | U.S. | $407.22 |
| 2 | 3 IBM | U.S. | 214.81 |
| 3 | 7 AT&T | U.S. | 186.14 |
| 4 | 8 INTEL | U.S. | 180.24 |
| 5 | 9 CISCO SYSTEMS | U.S. | 174.09 |
| 6 | 13 NIPPON TELEGRAPH & TELEPHONE | Japan | 156.77 |
| 7 | 14 MCI WORLDCOM | U.S. | 152.24 |
| 8 | 16 LUCENT TECHNOLOGIES | U.S. | 150.34 |
| 9 | 20 AMERICA ONLINE | U.S. | 129.07 |
| 10 | 23 DEUTSCHE TELEKOM | Germany | 115.02 |
| 11 | 26 BRITISH TELECOM | Britain | 107.14 |
| 12 | 27 NTT DOCOMO | Japan | 106.14 |
| 13 | 31 SBC COMMUNICATIONS | U.S. | 100.32 |
| 14 | 33 HEWLETT-PACKARD | U.S. | 95.73 |
| 15 | 36 BELLSOUTH | U.S. | 89.38 |
| 16 | 37 DELL COMPUTER | U.S. | 87.34 |
| 17 | 38 NOKIA | Finland | 87.20 |
| 18 | 40 BELL ATLANTIC | U.S. | 84.99 |
| 19 | 43 FRANCE TELECOM | France | 79.93 |
| 20 | 49 AMERITECH | U.S. | 72.33 |
| 21 | 58 TELECOM ITALIA | Italy | 66.45 |
| 22 | 62 TELSTRA | Australia | 63.89 |
| 23 | 66 GTE | U.S. | 61.11 |
| 24 | 70 VODAFONE GROUP | Britain | 58.97 |
| 25 | 71 AIRTOUCH COMMUNICATIONS | U.S. | 57.80 |
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DATA: MORGAN STANLEY CAPITAL INTERNATIONAL INC.
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