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  • TIME

    When is a bubble not a bubble? Why this tech-stock boom is different

    by Paul J. Lim Jun 17, 2017 2 minutes

    DESPITE A MID-JUNE SWOON, TECHNOLOGY STOCKS ARE off to the races again. And many investors believe that 15 years after the tech wreck that ended in 2002, things really are different this time. They may well be.

    For one thing, “today’s tech companies do have earnings and sales,” says Pankaj Patel, head of quantitative research at Cirrus Research. “We’re not just valuing businesses on eyeballs.”

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