In 1999, Microsoft (NASDAQ:MSFT) was the company to which all others were compared... and then the stock spent the next decade trading sideways. Last fall, Apple (NASDAQ:AAPL) won the title of "biggest company on Earth," soon lost it to ExxonMobil, and has since struggled. As Apple faces declining earnings growth and a reduced rate of innovation, some are wondering if the company has a lost decade ahead. At the same time, sleeping giant Microsoft is showing signs of life.

In the video below, Fool contributor Doug Ehrman discusses the current position of the two tech titans, their futures, and how investors may want to position themselves for the coming months and quarters.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.