IBM Is Now More Valuable Than Microsoft

For the first time since 1996, IBM's market value now exceeds that of Microsoft. IBM jumped past Microsoft to become the world's second most valuable tech company behind #1 Apple.

IBM's stocks are blazing hot this year, spiking 22 percent to $179.17. This increase has raised the company's market value to $214 billion. Microsoft, however, has seen its stock slip 8 percent to $25.45 and its market value fall to $213 billion.

The two companies may trade these #2 and #3 positions as their stock prices fluctuate, but the trend is pretty clear. Microsoft is on a slow decline, while IBM's decision to focus on services is starting to pay off. [Business Week]