Einhorn Bullish on Technology Stocks, Clarifies Bubble Call
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David Einhorn, the hedge-fund manager who warned of a bubble in technology stocks two weeks ago, refined his stance by saying he’s bullish on the industry and that companies including Apple Inc. look underpriced.
“I’d like to clarify Greenlight’s remarks about a new technology bubble,” Einhorn said today in a conference call held by Greenlight Capital Re Ltd., the reinsurer where he is chairman and oversees investments. “In general, we are bullish on technology and technology stocks.”