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Microsoft reached an intraday high share price of $119.94 in December 1999. With 5,160,024,593 outstanding shares, it had a market capitalization of $618.9 bill
by wangii 11y ago
Microsoft reached an intraday high share price of $119.94 in December 1999. With 5,160,024,593 outstanding shares, it had a market capitalization of $618.9 billion.
then what? what next?
- adventured 11y agoThe glaring difference of course being that Microsoft was trading for roughly 88 times trailing earnings. Google is trading for close to 30 times earnings with this latest quarter. Google's valuation is obviously sustainable, Microsoft's was not at that time. What's next? Google is likely to become even more valuable as they have a lot of growth left and investors clearly like to give them a nice multiple.