GVA’s Garrity Says Investors Need to Be Tech-Selective (Audio)

David Garrity, principal at GVA Research, says about 80% of companies that went public at the peak of the so-called tech bubble in March, 2000 were unprofitable; now that number is 75%, which he says sends a warning signal to investors to be very selective. Garrity says post-IPO valuation forecasts for Alibaba are in the range of $150 billion, which means institutional investors are likely to have to sell some other technology positions to participate. Alibaba, Chin’s largest e-commerce company, is planning what could be the biggest U.S. public debut ever. Garrity speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.

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