Microsoft surpasses Amazon as the second largest US company

                By Noel Randewich
SAN FRANCISCO, Oct 26 (Reuters) - Microsoft Corp
regains its place as America's second most valuable company
Friday after a disappointing quarterly report from Amazon.com
cleared $ 65 billion from the online retailers market
capitalization.
Apple Inc. tops the list with more than $ 1 trillion after
to cross this threshold in September. The Microsoft market
capitalization was the highest on Wall Street at the end of 1998 by
early 2000 before the burst of the Internet bubble.
Amazon shares fell 7 percent, most in almost three
years after sales forecasts for the holiday season,
stir up concerns that Wall Street's tech darlings are finally
start to face stronger competition.
Microsoft fell 2% in a broader technology
sales were also motivated by a lower than expected ratio
Google-parent Alphabet Inc, leaving the Nasdaq
down 2.1% at noon.





Microsoft shares remain up nearly 4% since
Wednesday, when the software company four decades old beat
quarterly profit forecasts, driven by its cloud computing
company that rivals Amazon.
Its market value Friday was $ 823 billion, on
track to close over Amazon for the first time since April,
when he gave way to second largest company by market
capitalization.
Amazon was worth $ 805 billion Friday after falling below
Microsoft is in the extended business on Thursday. The gout was
equivalent to the combined values ​​of Target Corp and
Corning Inc.
The fall of Amazon has left around 40 percent of the year so far,
while Microsoft gained about 25% in 2018.
On Wednesday, shares of Amazon traded at the equivalent of 70 times
expected profit, its lowest level since 2011.
The average target price of analysts for Microsoft puts its
market capitalization to $ 963 billion, while the average price target for
Amazon values ​​it at $ 1,068 billion.
Apple will release its quarterly results on Thursday.


(Reportage of Noel Randewich in San Francisco, edited by
Richard Chang)