Falling knives: US tech stocks after the slump

Steam came out of US technology stocks earlier this year, as investors pricked at what may have been a bubble. FOURPOINTS' Benoît Flamant analyses the sector's prospects five months on.

When high growth equities began to unravel earlier this year, many called out the start of another tech bubble bursting. But these detractors were wrong, and looking at five emblematic, high growth, infotech companies of various sizes proves this point. Tech kings The following stocks dropped in successive phases and bottomed out at the end of April or the start of May: Amazon ($159bn market cap), LinkedIn ($28bn), Salesforce.com ($37bn), ServiceNow ($9bn), and Concur Technologies ($6bn). The drawdowns vary from 28% to 47%, the latter being LinkedIn - which is the only one of th...