Fortune has a post on the “market cap” problem for Steve Ballmer. During the period from Jan 7th 2000 to Aug 23rd 2013 here is the change in market capitalization of the top technology companies.
1. Apple – 1836.30%
2. Amazon – 222.22%
3. Google – 703.44%
4. IBM – 70.7%
Those are the winners. Now for the ones that lost in market cap.
1. Cisco – (54.13%)
2. Intel – (46%)
3. ORCL (70.21%) and
Microsoft itself is (40.46%).
That only tells you half the story.
Lets look at revenues:
1. Apple – 1861.3% increase
2. Amazon – 12118% increase
3. Google – 55389% increase
4. IBM – 18.2% increase
5. Cisco – 143.3% increase
6. Intel – 58.1% increase
7. Oracle – 266.4% increase
8. Microsoft – 222.9% increase
Here is the table.
| Profit Growth % 2000 – 2013 | 2000 Revenue | 20013 Revenue | Revenue Growth % | Stock price % | |
| Apple | 3046% | 7.98 B | 156.51 B | 1861.3 | 1836.30% |
| 736000% | 19 m | 55.39 B | 55389.0 | 703.44% | |
| Amazon | 2948% | 573.89 m | 61.09 B | 12118.0 | 222.22% |
| IBM | 46% | 88.4 B | 104.5 B | 18.2 | 70.70% |
| Microsoft | (45%) | 22.9 | 73.73 B | 221.9 | -40.46% |
| Intel | 284% | 33.73 B | 53.34 B | 58.1 | -46% |
| Cisco | 73% | 18.93 B | 46.06 B | 143.3 | -54.14% |
| Oracle | (4%) | 10.13 B | 37.12 B | 266.4 | -70.21% |
What’s the story? The revenue increase for Apple has been excellently rewarded, Google and Amazon have also been well rewarded but they have done better and been rewarded less. No clue on why IBM stock has done well despite the lower growth in revenues compared to everyone else.
