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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