Investors in the technology, information, and media space should expect a "culling of the herd," say two of the sector's big players.
"Looking at our portfolio today, it's either feast or famine," said Jonathan Nelson, CEO of Providence Equity Partners. "Some [companies] are knocking the cover off the ball." In subscription-based businesses, "growth has developed undisturbed," while those that have been hurt the most rely on an advertising model.
"People right now MOREBeth Kowitt, Writer-Reporter - Jul 24, 2009 11:14 AM ET
If you're looking to make a quick killing on Apple in advance of a big iPhone announcement next Monday, you may already be too late.
That's the implication of a chart published by Piper Jaffray's Gene Munster in a note to clients Wednesday. Munster analyzed the movement of Apple share prices just before and just after nearly a dozen Apple milestone events dating back to 2004. What he found was that MOREPhilip Elmer-DeWitt - Jun 4, 2008 10:55 AM ET
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