Reasons Old Tech Is Soaring
Exposition Creative Services recently wrote an article for Investopedia.com about reasons old tech is soaring. Here’s an excerpt:
Why put your money to work in Intel when you could watch it soar in Apple? Why buy Cisco when you could purchase Yelp? The technology sector of the stock market is a tale of a family plagued with dysfunction. There’s the new and hot names, the old standards and the young startups that may or may not be the next Facebook. With Apple up more than 70% in the past year, why would investors take a second look at the old technology names? IBM has been around since 1911, but Pandora is barely a toddler. One has huge growth potential while the other may have run its course.