I am sure Jobs is smugly popping some hella expensive champagne tonight. The company he brought back from the brink is now worth more than the most dominant tech company ever.
Market cap doesn't tell the whole story. Microsoft still makes far more money than Apple (>$6B more). The stock just trades cheap because investors won't pay any sort of growth premium, sadly because they have no reason to get excited about growth there. I guess two slowly declining monopolies and a healthy dividend is not enough.
I have always thought that Microsoft should focus on completely dominating their core growth businesses (enterprise IT and business productivity software) and only launch entrants to new markets when they have cooked up something truly disruptive vs. launching some half-ass, laughable copy of their competitor's product AND they are 100% committed to ensuring the new business is extremely successful.
Any 'softies think otherwise? I am not buying the whole "its different when you need to grow by 2-3 YHOO's a year" argument now that there's another $200B tech company on the block.
