? Silicon Valley Is a Very Strange Place, Chapter 437 |
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June 01, 2006
Quick: Name the world's biggest tech company
It's IBM, right?
Well, that's only half right--because Hewlett-Packard has now pulled into a dead heat with Big Blue. I discovered this while rummaging around Yahoo Finance this morning. If one looks at trailing twelve months of financial reports, both companies have sold exactly $88.89 billion over the last year. And analysts' consensus estimates are that HP will grow 5.1% in fiscal 2007, versus 4.3% for IBM. So a changing of the guard may not be far off.
Obviously, the fact that HP is on a roll is not news. And part of the explanation is IBM's sale of its PC business to Lenovo. Still, it's a surprising marker--one that is not lost on HP's top brass, and I'm sure won't go unnoticed by former CEO Carly Fiorina in her upcoming book.
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? HP to pass IBM as biggest tech company? from Microsoft News Tracker
Peter Burrows at BusinessWeek online has been crunching the numbers at Yahoo Finance and noticed that Hewlett-Packard is neck and neck with with IBM and about to pass:
If one looks at trailing twelve months of financial reports, both companies have so... [Read More]
Tracked on June 1, 2006 12:26 PM