Great read! Most investors in tech companies lose vast sums reacting to short-term jitters, writes Michael Moritz. First, the bad news. The 15 technology companies with the largest market capitalisations in 2000 have been decimated — losing about $1.35tn, or roughly 60 per cent, of their combined market value. Only one, Microsoft, has a market capitalisation that is higher than in 2000. the good news is more fun!
The San Francisco-based buyout firm Francisco Partners recently published a delicious analysis relevant to anyone wondering about what the future holds for technology stocks. It is a bulletin in which both pessimists and optimists can find hope and it offers a helpful perspective for those wondering about the current valuations of technology companies. .
http://www.ft.com/intl/cms/s/0/6b859714-99ba-11e5-9228-87e603d47bdc.html#axzz3tZrQicds
