We recently laid out the case that the
tech sector was in a massive 1990s-style bubble, poised to pop.
But at Business Insider’s Ignition 2013 conference last month, boutique investment bank Gridley & Co. laid out the case that, in fact, valuations are currently way below the mania we saw in the dot-crom crash of the turn of the century.
Gridley advised parties in DoubleClick’s acquisition of Performics and Digitas’ buyout of Modem Media.
Here is a condensed version of the deck Gridley presented at Ignition, with a focus on the bubble-icious — or not — nature of the current state of tech.
Having said that, think how much weaker all these companies would be had they NOT made these acquisitions.
(image url='http://static.businessinsider.com/image/527418ebecad044a57b86b3c-1039-528/screen_shot_2013-11-01_at_4.5xxx6.32_pm.jpg' alt='S&P 500' link='lightbox' size='secondary' align='right' clear='true')