Tellabs at #11 in Business Week's Top 50--in good company
Microsoft Tops 1999 Business Week 50 Best Performing Companies
NEW YORK--(BUSINESS WIRE)--MARCH 18, 1999--Sure, size matters.
But what's the point of being bigger if you're not better? Measured by
eight dynamic performance criteria, Microsoft Corp. is No. 1 in the
1999 Business Week 50 rankings of the best performing companies in the
Standard & Poor's 500 index. Rounding out the Top 10: Dell Computer,
Gap, Oracle, EMC, Compuware, America Online, Morgan Stanley Dean
Witter, SBC Communications, and Schering-Plough. The exclusive
rankings appear in Business Week's Mar. 29 issue, released today.
Business Week looked for growth in a variety of categories,
unlike other rankings that judge companies by one measure alone, such
as size or return to shareholders. The result is an honor roll in
which the stars stand out. These top performers spurred revenue
without sacrificing earnings and got the most out of their equity, all
while racking up handsome shareholder rewards.
In its third year out, the list is proving to have good
predictive value: Consider last year's class, the 1998 Business Week
50. In the 52 weeks ended Mar. 12, 1999, the 50 companies picked a
year ago as best performers scored a total return of 32%, compared
with a gain of 21% for the broader S&P and 15% for the Dow Jones
industrial Average.
The 1999 Business Week 50 companies are:
Rank Company Name Location Industry Category
1 Microsoft Corp.(MSFT) Redmond, Wash. Office Equipment &
Computers
2 Dell Computer Corp.(DELL) Round Rock, Tex. Office Equipment &
Computers
3 The Gap (GPS) San Francisco, CA Discount &
Fashion Retailing
4 Oracle Corp.(ORCL) Redwood City, CA Office Equipment &
Computers
5 EMC Corp.(EMC) Hopkinton, Mass. Office Equipment &
Computers
6 Compuware Corp.(CPWR) Farmington Hills,MI Office Equipment &
Computers
7 America Online (AOL) Dulles, Va. Office Equipment &
Computers
8 Morgan Stanley New York, N.Y. Nonbank Financial
Dean Witter (MWD)
9 SBC Communications (SBC) San Antonio, TX Telecommunications
10 Schering-Plough Corp.(SGP) Madison, N.J. Health Care
11 Tellabs (TLAB) Lisle, Ill. Telecommunications
12 Warner-Lambert(WLA) Morris Plains, N.J. Health Care
13 The Home Depot (HD) Atlanta, Ga. Discount & Fashion
Retailing 1999 Business Week 50 - Page 2
14 Cisco Systems(CSCO) San Jose, Calif. Office Equipment &
Computers
15 Capital One Financial Falls Church, Va. Nonbank Financial
Corp.(COF)
16 Merck & Co.(MRK) Whitehouse Station, Health Care
N.J.
17 AirTouch Communications San Francisco, CA Telecommunications
(ATI)
18 The Charles Schwab Corp. San Francisco, CA Nonbank Financial
(SCH)
19 The TJX Companies (TJX) Framingham, Mass. Discount & Fashion
Retailing
20 Ameritech Corp.(AIT) Chicago Ill. Telecommunications
21 Marsh & McLennan (MMC) New York, N.Y. Nonbank Financial
22 BMC Software (BMCS) Houston, Tex. Office Equipment &
Computers
23 Sun Microsystems(SUNW) Palo Alto, Calif. Office Equipment &
Computers
24 Gateway(GTW) North Sioux City,SD Office Equipment &
Computers
25 Eli Lilly (LLY) Indianapolis, Ind. Health Care
26 Ford Motor (F) Dearborn, Mich. Automotive
27 MBNA Corp. (KRB) Wilmington, De. Banks
28 BellSouth Corp.(BLS) Atlanta, Ga. Telecommunications
29 Navistar International Chicago, Ill. Automotive
Corp. (NAV)
30 Omnicom Group (OMC) New York, N.Y. Service Industries
31 Safeway (SWY) Pleasanton, Calif. Food
32 Solectron Corp.(SLR) Milpitas, Calif. Electrical &
Electronics
33 Carnival Corp.(CCL) Miami, Fla. Leisure Time
Industries
34 Paychex (PAYX) Rochester, N.Y. Service Industries
35 Wal-Mart Stores(WMT) Bentonville, Ark. Discount & Fashion
Retailing
36 Interpublic Group (IPG) New York, N.Y. Service Industries
37 Lowe's Companies (LOW) North Wilkesboro,NC Discount & Fashion
Retailing
38 Maytag Corp. (MYG) Newton, Iowa Consumer Products
39 Freddie Mac (FRE) McLean, Va. Nonbank Financial
40 Intel Corp. (INTC) Santa Clara, Calif. Electrical &
Electronics
41 BB&T Corporation (BBT) Winston-Salem, N.C. Banks
42 Bristol-Myers Squibb (BMY) New York, N.Y. Health Care
43 Dayton Hudson Corp. (DH) Minneapolis, Minn. Discount & Fashion
Retailing
44 General Electric (GE) Fairfield, Conn. Conglomerates
45 Amgen (AMGN) Thousand Oaks, CA Health Care
46 The AES Corp.(AES) Arlington, Va. Utilities
47 Kohl's Corp. (KSS) Menomonee Falls, Discount & Fashion
Wis. Retailing
48 Washington Mutual(WM) Seattle, Wash. Nonbank Financial
49 Bell Atlantic Corp.(BEL) New York, N.Y. Telecommunications
50 State Street Corp.(STT) Boston, Mass. Banks
Source: 1999 Business Week 50 (Business Week/3-29-99)
Since Business Week's ranking is growth-oriented, it's no
surprise that many of the Business Week 50 companies benefited from
operating within the economy's hottest sectors: computers,
pharmaceuticals, telecommunications, and finance. But it was hardly
necessary to have a ".com" in your name--or in your future--to make
the list. Ford Motor became the first auto maker to make the list, at
No. 26, and truck maker Navistar International rolled in at No. 29.
And who would have thought the dowdy old appliance industry could
produce a star? But Maytag did, averaging 44% average annual net
income over the past three years and earning the No. 38 spot.
CONTACT:
Christine Summerson 212/512-2882
Robert Pondiscio 212/512-6311
|
