IBM Tops Microsoft in Market Value for First Time Since 1996
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International Business Machines Corp. passed Microsoft Corp. in market value based on closing share prices to become the world’s second-most valuable technology company, according to data compiled by Bloomberg.
IBM rose $1.62 to $179.17 at 4 p.m. on the New York Stock Exchange, giving it a market value of $214 billion. Microsoft fell 13 cents to $25.45 on the Nasdaq Stock Market, giving it a market value of $213.2 billion.