Alec Ellison, chairman of technology investment banking at Jefferies & Company, offered what was perhaps the most surprising answer (at least if you're looking at market capitalization) — Apple.
The interconnection design in computing clusters and data centers is expected to change significantly in the near future to sustain the increasing communication demand at controlled capitalization and operational cost.
With about 37.5 million shares outstanding, the company is looking at a market capitalization of $444 million at the very least.
The accomplishment is all the more impressive because Exxon may be the first company to rank at the top in terms of market capitalization at a time when it was actively trying to shrink.
Back in 2007, Microsoft invested $240 million into the then-privately held Facebook, giving the social networking company a $15 billion valuation (a capitalization at which some people balked at the time).
In retrospect the standards for public capitalization at places like the new Mothers market at the Tokyo Stock Exchange were too lax, but the doors were thrown open.
Citis share price fell 60% last week, closing Friday at $3.77 a share, and cutting the bank's market capitalization at $20 billion.
Currently, the company owes about $300 million, with a market capitalization at only $30 million and debt that trades at distressed levels.
Tarek Kamhawey, a research analyst at Beltone Financial in Cairo, said that OCI was the largest company by market capitalization, at $8.5 billion, and comprises almost a quarter of market capitalization on the Egyptian exchange, followed by Egypt Telecom, which is worth less than half, at $3.7 billion.
At market close, Apple's stock had fallen $15.20, or 3.87 percent, putting its market capitalization at $350 billion.
