"Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies"
- Marc Andreessen
About this Quote
This quote by Marc Andreessen recommends that the stock exchange is not currently favouring innovation companies. This is evidenced by the truth that the price/earnings ratios for significant public technology business are at an all-time low. This could be due to a range of aspects, such as a lack of financier confidence in the sector, or a basic market decline. It could also be because of the fact that technology companies are often seen as high-risk investments, and investors may be more mindful in the present financial environment. Whatever the factor, it appears that the stock market is not currently favouring innovation business, as evidenced by the all-time low price/earnings ratios.
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