Temasek into technology companies
Below article is copied from Business.scotsman.com by Terry Murden Dotcoms set to bounce back out of the bubble ON THE tenth anniversary of the dotcom bubble bursting comes news from the East of a new appetite for technology. Temasek, the Singapore state investor, has a massive war chest ready to be plundered for a buying spree. Temasek is among a number of institutional investors now ready to splash the cash after turning bullish on a sector that has seen a lot of blood on the walls in recent years but is now undergoing a revaluation. Shares in some technology firms, including Intel, are now hitting record highs, and Temasek has not been slow in buying shares in blue chip companies such as Yahoo and Research in Motion, the company behind the Blackberry mobile device. It is now said to be looking to buy private firms which a view to listing them.... Other investors share Temasek's views. Henderson Global Investors and Franklin Templeton have turned positive on the sector with Henderson particularly bullish on e-commerce firms such as Amazon.com, and online advertising through Google and Baidu. It also likes online entertainment. It is a cross-section of contemporary technology businesses which differ from the old model by having sound fundamentals and real growth prospects. ------- I was worried when I first read the article. Then when I came to the para that said other investors share Temasek's views, including Global Investors and Franklin Templeton, I am now terribly frighten.