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To: Bobby Yellin who wrote (19043)	9/16/1998 9:05:00 AM
From: Giraffe	Read Replies (1) \| Respond to of 116785

Microsoft Is World's Most Valuable Company NEW YORK, U.S.A., 1998 SEP 15 (Newsbytes) -- By Matt Hines, Newsbytes. As its shares on Wall Street rebounded from the stock market's recent downturn Monday, Microsoft Corp. [NASDAQ:MSFT] overtook industrial giant General Electric Co., [NYSE:GE] becoming the world's most valuable company. Based on the concept of market capitalization, the ratio of a company's stock value compared to the number of common shares that it has outstanding, Microsoft passed the much older firm. The software developer's shares rose back from this month's sudden plummet more quickly than GE stock recovered. Microsoft shares closed at $106 yesterday giving Microsoft a market capitalization value of $261.1 billion. GE shares closed at $79.125 Monday giving the well over century-old company an overall market capitalization of $257.3 billion. Microsoft executives reportedly responded to the news kindly while reminding industry watchers that GE is a much larger firm with over $90 billion in revenues in 1997 compared to Microsoft's $14.5 billion for the same time period. Microsoft had $4.79 billion in earnings last year while GE earned $8.2 billion in 1997.