"What would I do? I'd shut it down and give the money back to the shareholders" -- Michael Dell, Oct. 6, 1997, when asked what he would do if he ran Apple.
Apple (AAPL), despite the drubbing its share price has taken, is currently valued at $417 billion.
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
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