Buy the bully

If you can't beat them, join them. Microsoft (NYSE: MSFT) has been on the block for a long time, and isn't going away anytime soon.  When Microsoft had an IPO in 1986, they traded at $21 dollars a share.  Today they are back down to $24 a share.  At 11.x times current  earnings, they are a undervalued relative to competition.  Additionally, they have just increased their dividend payouts by 23%.  While they might not take over the entire world, they certainly have an impressive empire.