In May 2010, Apple attained a ranking long thought unthinkable — the worlds most valuable technology company, a position it achieved by dethroning longtime rival Microsoft.Apple still sits atop the throne. But in the meantime another company has come along to kick Microsoft down a peg: Google, which capped off a summer surge in its stock price by overtaking Microsoft today in market capitalization. In the technology sector, only Apple has a bigger market value. Google closed the day at $761.98, up 0.99 percent. Microsoft closed at $29.51, down 0.82 percent. And just like that, Googles market capitalization of $248.89 billion overtook Microsofts value of 247.27 billion.

via Google becomes No. 2 most valuable company in tech | Internet & Media – CNET News.