Chillin' out till it needs to be funded
For paucity of time, just quoting NYT, but we already said it here before the quarter was over. It is more likely to be Financial Services and Media deals esp in Asia and Africa, as ticket sizes go up, tech participation in the upside story will stay within limits, as there is no panic unlike the telecom disasters of the nineties and Apple continues to account for more than 80% of the industry’s innovation quotient.
While there have been a number of notable technology deals recently, the sector is hardly experiencing a boom in mergers and acquisitions. The total value of technology deals in the third quarter fell 26 percent from second quarter. Still, the M.&A. market was stronger than in the depressed third quarter of 2009, when the economy was emerging from one of the worst recessions on record.
There were 768 technology-related deals announced in the third quarter of this year with a total value of $46 billion, according to the 451 Group, a technology investment research firm. That compares with $62 billion in deals announced in the second quarter and $38 billion in the third quarter of last year. That year-over-year gain of 21 percent, however, needs to be qualified, since the M.&A. market languished for a good part of last year because of the financial crisis.