Number of U.S. companies on the list falls to 33, from 75 a decade ago
New York (ANTARA News/PRNewswire-AsiaNet) - For the second consecutive year, Amazon.com tops BusinessWeek's annual InfoTech 100 ranking of tech's top performing companies. In 2007, Amazon.com vaulted from No.23 to No.1, and the company retains the top spot this year, beating out Apple (No.2), Nintendo (No.4), and Google (No.11).
While Amazon.com and Apple took the top two spots in this year's InfoTech 100, the dominance of U.S. companies in the ranking is in decline: Only 33 companies on the list this year are U.S. based, down from 43 in 2007. When BusinessWeek first began compiling the InfoTech 100 in 1998, 75 of the top performers were U.S. companies.
To compile the InfoTech100, BusinessWeek began with financial data from Standard & Poor's Compustat, also a division of The McGraw-Hill Companies, that has computerized information on over 28,000 publicly traded corporations.
BusinessWeek trimmed this universe to information-technology companies. This year, cable companies that expanded into telecom were added. To qualify, companies had to have revenues of at least US$300 million. Companies whose stock price has dropped more than 75 per cent, whose sales shrank, or where other developments raised questions about future performance,
were eliminated from contention.
BusinessWeek also dropped some phone companies whose monopoly or near-monopoly power in their countries gives them an unfair advantage over competitors. The remaining group of companies were ranked on four criteria: return on equity, revenue growth, and shareholder return (given equal weight), and total revenues (which was weighted).
The 10th annual InfoTech 100 appears in BusinessWeek's June 2, 2008 issue, with expanded content on BusinessWeek.com at http://www.businessweek.com/it100
SOURCE: BusinessWeek
New York (ANTARA News/PRNewswire-AsiaNet) - For the second consecutive year, Amazon.com tops BusinessWeek's annual InfoTech 100 ranking of tech's top performing companies. In 2007, Amazon.com vaulted from No.23 to No.1, and the company retains the top spot this year, beating out Apple (No.2), Nintendo (No.4), and Google (No.11).
While Amazon.com and Apple took the top two spots in this year's InfoTech 100, the dominance of U.S. companies in the ranking is in decline: Only 33 companies on the list this year are U.S. based, down from 43 in 2007. When BusinessWeek first began compiling the InfoTech 100 in 1998, 75 of the top performers were U.S. companies.
To compile the InfoTech100, BusinessWeek began with financial data from Standard & Poor's Compustat, also a division of The McGraw-Hill Companies, that has computerized information on over 28,000 publicly traded corporations.
BusinessWeek trimmed this universe to information-technology companies. This year, cable companies that expanded into telecom were added. To qualify, companies had to have revenues of at least US$300 million. Companies whose stock price has dropped more than 75 per cent, whose sales shrank, or where other developments raised questions about future performance,
were eliminated from contention.
BusinessWeek also dropped some phone companies whose monopoly or near-monopoly power in their countries gives them an unfair advantage over competitors. The remaining group of companies were ranked on four criteria: return on equity, revenue growth, and shareholder return (given equal weight), and total revenues (which was weighted).
The 10th annual InfoTech 100 appears in BusinessWeek's June 2, 2008 issue, with expanded content on BusinessWeek.com at http://www.businessweek.com/it100
SOURCE: BusinessWeek
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