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IT Manager's Journal: The New Normal: No Room for Open Source?

Jun 09, 2005, 22:45 (2 Talkback[s])
(Other stories by Bernard Golden)

"I've always thought Roger McNamee--stock analyst, venture capitalist, private equity investor. and guitar player for the Flying Other Brothers band--was a very smart fellow. I remember seeing an interview with him in the late '90s when he observed that, over the previous 25 years, technology stocks had grown from about 10 percent to 50 percent of the S&P 500 valuation. His message was that this reflected an enormous increase in technology's role in the economy--but the high-growth story was over. The future of technology stocks would be much less rosy.

"McNamee acted on his insight and sold off his technology holdings before the tech crash in early 2000..."

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