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"If (tech's) a bubble, it's the weirdest bubble I've seen," says Marc Andreessen, speaking at a...

Wednesday, December 12, 2012, 9:34 AM ET
"If (tech's) a bubble, it's the weirdest bubble I've seen," says Marc Andreessen, speaking at a conference. The current situation is more like a tech depression, he argues, noting tech stocks are trading at the sort of discount to industrials that hasn't been seen since the 1970s. "The public market is trading tech like a steel mill that's about to go bankrupt ... What is going on?"

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This news story has 5 comments:

HoldAndBuyInvestor Comments (146)

Only undervalued is semiconductor. Marc heavily invested in tech. Wait for 2-3 years and sector rotation will happen. Tech will go down.

12 Dec 2012, 09:47 AM Reply Like

SA Editor Samir Patel Comments (113)

As a general rule (though there are of course exceptions), it seems hardware/semis are currently undervalued while software (SaaS) and anything Internet are currently overvalued.

12 Dec 2012, 10:50 AM Reply Like

divinecomedy Comments (428)

Marc's trying to get his money out to buy gold, but there's no takers.

12 Dec 2012, 10:51 AM Reply Like

Chris Lau Comments (1139)

Looked another way, semi/hardware anticipates further declines in demand. SaaS is still growing. Example: HP is using (CRM) to manage its business processes.

12 Dec 2012, 11:57 AM Reply Like

Zenith Strategies Comments (329)

Isn't tech the ultimate deflationary creator and that holds for its own asset value?

12 Dec 2012, 01:59 PM Reply Like

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