For Marc Andreessen "Mr. Internet" : we are not in a second tech bubble

For Marc Andreessen "Mr. Internet" : we are not in a second tech bubble. Marc is the founder of Netscape who created Internet with images. He is now a Venture capitalist involved in Groupon, Twitter, Facebook, Zynga. He is making a tons of millions in profits from its internet investments. He suggests that right now, major tech stocks are undervalued on the stock markets: for instance Cisco Systems, Apple, Microsoft. He said that Apple's Price-Earnings (PE) ratio is just 10 if you delete cash. He suggests that fast growing valuations of private and public stocks are not general, but in fact isolated, mainly in social networks (Faceboook, Zynga, Linkedin).

For Marc, new tech companies are trying to become profitable companies and not just new promising new IPOs (Initial Public Offerings) like firms in 1999-2000. They tend to have stronger business models than in the last decade.

For the whole interview on the Wall Street Journal see

http://online.wsj.com/video/groupon-investor-marc-andreessen-no-tech-bubble/275ED9C5-2BCA-4BFD-9FBA-97BCEF0D48F7.html

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis