Citigroup, whose net profits rose more than 18% last year, to $13.5 billion-and whose market value rose 22.1% in spite of a tough market-has dethroned powerhouse General Electric (GE) for the number one spot on the Forbes Super 100 ranking, Forbes magazine reports in its 33rd annual Forbes 500s issue. GE fell to second place, Exxon Mobil retained third place.

The Top 10 on the Forbes Super 100 are: (1) Citigroup (2) General Electric (3) Exxon Mobil (4) JP Morgan Chase & Co (5) Verizon Communications (6) Bank of America (7) American International Group (8) AT&T (9) International Business Machines (10) Wal-Mart Stores.

The Forbes Super 100 is a composite ranking of the most powerful and competitive Forbes 500 firms. Forbes rates Super 100 firms based on their composite score on the four Forbes 500s lists: the Forbes Sales 500, the Forbes Profits 500, the Forbes Assets 500 and the Forbes Market Value 500.

Citigroup ranked first on the Forbes Assets 500, second in profits, sixth in sales, and fifth in market value. GE did score one first place ranking-beating out Microsoft for the number one spot on the Forbes Market Value 500.

Four tech giants -- Microsoft, Intel, Cisco and Oracle -- collectively lost more than $900 billion in market value in 2000. Microsoft lost 45% of its market value last year, shedding $238 billion. Cisco Systems, which fell from second to 12th place on the Forbes Market Value 500, suffered the biggest dollar decline in market value, more than $325 billion. Intel, which fell from 4th to 7th place, lost 51% of its market value last year, a total of $206 billion. Tech titan Oracle also fell, from sixth to 21st place, losing $141 billion in market value. Other falling tech firms include Sun Microsystems (12th to 40th), Dell Computer (21st to 38th), and Qualcomm (30th to 64th).

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