Biggs Says Technology at Start of New Bullish Cycle: Tom Keene
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Demand from Asia is spurring a bull market for computer and software makers, according to Barton Biggs, manager of the Traxis Partners LLC hedge fund.
“The big capital spending cycle, the last one, was from 1995 to 2000, and it was a transforming cycle,” Biggs, the managing partner of New York-based Traxis and former chairman of Morgan Stanley Asset Management, said in an interview today on “Bloomberg Surveillance” with Tom Keene. “The developments in terms of the cloud, storage and a whole series of new devices is the beginning of a new technology cycle.”