I looked at my watch this morning and realized it's 2006. I wonder what happened while I was sleeping?
Hmmmm, lemme take a moment to revisit market caps. I did it in August 2004 when Google went public, and February 2005 when Google passed eBay. Let's see where Google is now...
Current market caps (and as of February 2005 and August 2004):
General Electric $370b ($383b, $343b)
Exxon Mobil $350b ($348b, $293b)
Microsoft $278b ($288b, $295b) -- undervalued?
Citigroup $246b ($258b, $237b)
BP Amoco $225b ($224b, $215b)
Wal-Mart $195b ($225b, $234b)
Johnson and Johnson $179b ($196b, $169b)
AIG $177b ($174b, $183b)
Pfizer $172b ($181b, $237b)
Toyota $170b ($129b, $130b)
Altria $156b ($131b, $99b) -- cigarettes have had a great year!
Intel $150b ($143b, $141b)
Procter and Gamble $138b ($135b, $140b) -- bought Gilette
Berkshire Hathaway $136b ($139b, $133b)
IBM $130b ($157b, $142b)
Chevron Texaco $127b ($118b, $99b)
Google $123b ($56b, $27b) -- seems unstoppable in its march to becoming the biggest and most important company in the world in 3-6 years
Cisco $105b ($120b, $129b)
Pepsico $98b ($91b, $88b) -- worth more than Coke?!
Coca Cola $96b ($101b, $107b)
Home Depot $86b ($91b, $80b)
UPS $83b ($84b, $80b)
Wachovia $82b ($89b, $75b)
Verizon $82b ($99b, $110b)
Hewlett-Packard $81b ($59b, $54b)
Time-Warner $81b ($83b, $75b) -- liberating AOL?
AT & T $80b ($81b, $84b) -- merged with SBC Communications
Dell $70b ($103b, $88b)
Merck $70b ($63b, $100b)
Sprint Nextel $69b ($68b, $67b)
Oracle $63b ($71b, $54b) -- buying Siebel for $5.85b
Merrill Lynch $62b ($56b, $47b)
Morgan Stanley $61b ($62b, $55b)
Apple $61b ($32b, $12b) -- up more percent-wise in 2005 than Google(!)
eBay $60b ($52b, $53b) -- worth a semi-Google
3M $59b ($65b, $63b)
Tyco $58b ($69b, $64b)
Goldman Sachs $57b ($53b, $43b)
Boeing $57b ($44b, $42b)
SAP $56b ($48b, $46b)
Comcast $56b ($71b, $64b)
Yahoo! $56b ($49b, $38b) -- sustained, steady rise
News Corp $53b ($53b, $52b)
Target $48b ($46b, $40b)
Kraft Foods $47b ($58b, $52b)
Disney $46b ($59b, $46b)
Diageo $43b ($42b, $38b)
McDonald's $42b ($40b, $33b)
DuPont $39b ($48b, $42b)
Caterpillar $39b ($31b, $25b)
Prudential Financial $37b ($28b, $24b)
Anheuser-Busch $33b ($39b, $42b)
Halliburton $32b ($18b, $14b) -- en fuego in 2005
FedEx Kinko's $31b ($29b, $24b)
Alcoa $26b ($26b, $29b)
Costco $23b ($22b, $19b)
Starbuck's $23b ($22b, $19b)
Nike $23b ($23b, $19b)
Amazon $20b ($17b, $16b) -- worth one-sixth of Google
Sears $19b ($10b, $7b) -- bought KMart
Symantec $19b ($15b, $15b)
Schwab $19b ($15b, $12b)
Cendant $18b ($24b, $24b)
Adobe $18b ($15b, $11b)
John Deere $16b ($17b, $15b)
Gap $15b ($19b, $18b)
Sun $14b ($15b, $12b)
Xerox $14b ($13b, $11b)
Harley-Davidson $14b ($18b, $18b) -- worth more than Ford and GM!?
Ford $14b ($24b, $26b)
Hershey $13b ($15b, $12b)
Southwest Airlines $13b ($11b, $11b)
General Motors $11b ($21b, $23b) -- halved in 2005
InterActive Corp $9b ($17b, $19b) -- spun out Expedia
Expedia $8b
Eastman Kodak $7b ($10b, $8b)
Pixar $6b ($5b, $4b)
Tiffany and Co $5.5b ($4.5b, $5b)
New York Times $4b ($6b, $6b) -- will Yahoo or Google buy them?
Monster $5b ($3.5b, $3b) -- will Yahoo or Google buy them?
With their stock worth so much, I suspect we'll see more Google acquisitions soon, though I note that kuro5hin has been amazingly wrong thus far in their predictions of who Google will acquire. Acquisitions aren't so easy to predict after all.
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