Posted on 10/20/2017 1:36:35 PM PDT by dayglored
Note: WSJ is pay-walled, meaning you need to subscribe to read the complete article. However, this ought to give you the gist of it...
Shares rose 0.4 percent to $77.91, setting a fresh all-time high. For the year, Microsoft shares are up 25% and on track for their best year since 2013, as the firm continues its rebirth as a force in cloud-computing. The firm is the third-largest S&P 500 company in market value, trailing Apple (about $800 billion) and Google's parent company, Alphabet, (about $690 billion).
In July, fellow technology and internet stalwarts Facebook and Amazon.com joined the trio as the only U.S.-listed companies valued at more than in the $500 billion. The last time Microsoft was over $600 billion back in 2000, it didn't stay there for long. The tech bubble would peak in March of that year, and the Nasdaq Composite Index wouldn't climb back to the level it reach that year until 2015.
(Excerpt) Read more at blogs.wsj.com ...
I remember reading, over a decade ago, how the stock charts of RCA in the 1920s and AOL in the 1990s paralleled each other, and that when RCA collapsed in the 1929 crash, it never reached its previous peak for 17 years. AOL is now owned by Verizon, but technology history seems to be repeating itself with RCA vis-à-vis MFST.
Microsoft products,imperfect though they are (and what *isn’t* imperfect in this world?) have always served me well.I never have,and never will,join the Apple cult of *true* believers.
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