Thursday, June 01, 2006

Quick: Name the world's biggest tech company

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."

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