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Apple's shares have surged on iPad pre-orders, making Apple America's third most valuable company, reports "CNN Money" (http://brainstormtech.blogs.fortune.cnn.com/2010/03/12/apple-overtakes-w...).
Ninety minutes after Apple opened its online store for iPad pre-orders Friday morning, a burst of trading -- roughly 2 million shares in 30 minutes -- pushed its stock price to US$227.73 and its market cap to $206.5 billion.
Apple has moved, at least for now, ahead of Wal-Mart to become America's third largest company by market capitalization. It only trails Exxon and Microsoft.