Deals
Dell, Schmidt, HP’s Lane Say Tech Firms Highly Valued
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Hewlett-Packard Co. Chairman Ray Lane, Dell Inc. Chief Executive Officer Michael Dell and Google Inc. CEO Eric Schmidt underscored the high valuations of technology companies in interviews today in Davos, Switzerland.
A recent funding round led by Goldman Sachs Group Inc. valued Facebook Inc., owner of the world’s largest social network, at $50 billion -- higher than the stock market capitalization for older Internet companies including EBay Inc. Groupon Inc., the two-year-old daily coupon site that last month rejected a $6 billion takeover from Google, is boosting revenue faster than Google and Amazon.com Inc. did at a similar stage.