Quick: Name the world's biggest tech company

Posted by: Peter Burrows on June 1, 2006

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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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

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