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Filed under: Apple Financial

Apple market cap passes HP

Back on July 10th I mentioned the likelihood that Apple's market capitalization might soon surpass that of the original Silicon Valley success story, Hewlett-Packard. (I also implied that both Steves once worked at HP; apparently Woz was full-time, but S. Jobs was more of a summer intern.) Well, as of this morning Apple's total value comes out to about $127 billion, and HP is at about $124 billion. If this holds through the close, it will mark a generational torch passing into the hands of the future... or something like that.

Who's next on the market cap hit list? Well, believe it or not, dear readers, that mom & pop semiconductor basement operation Intel has a valuation around $141 billion; not out of the realm of possibility, if some of the more glowing, write-Apple's-name-on-your-trapper-keeper analyst predictions ($200 a share? $250?) become real.

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