Microsoft is no longer the word's biggest company 21 market capitalization. Three other U.S. companies have overtaken 22 stock market value. The firm's value has gone down sharply by 14% to $358 billion 23 this year. The fail mostly resulted from the uncertainty promoted by the ongoing anti-trust case. It has been overtaken by General Electric, now worth $506 billion, Intel, $441 billion and Cisco Systems, $436 billion.
The company holding the title of the word's biggest company is an industrial giant which makes everything from toasters to jet engines. GE has sales of $110 billionnearly ten times 24 Microsoft. It has been its profits grown by 15% a year to $11 billion. GE Capital Services, its financial subsidiary, 25 nearly half of its sales. GE produces power generation system, locomotive, and electrical appliances. It also owns the U.S. television network NBC and its financial news subsidiary, CNBC, and ironically, a joint venture with Microsoft to provide news on the Internet.
Microsoft's shares now face a further period of uncertainty as the company's legal 26 continues. It could also face difficulty in recruiting and retaining employees whose pay has been boosted by their share options. The Seattle based firm might go to an appeal court on any rulings, it could suffer 27 from lawsuits brought by competitors, who would be able to 28 triple damages for any loses suffered. And with its energy and 29 tied up in the lawsuit, the company may find it difficult to continue in the future, or move so aggressively to 30 competitors.