Through The Fly's Eyes: Technology

from Theflyonthewall.com











Private Equity Shifts Gears To Technology

Private equity and investors in general are beginning to open up their pocketbooks for technology. Palm (PALM) announced a deal with Elevation Partners which agreed to invest $325 million for a 25 percent stake in Palm.

Also, Avaya (AV) is being picked up for a nice premium, $17.50 per share or $8.2 billion by Silver Lake Partners and TPG Capital.

Ciena (CIEN) went to market and issued $450 million in convertible debt. And earlier this year, Sun Microsystems (SUNW) picked up cash from KKR in the form of a convertible stock.

Slowly but surely, private equity and investor interest in technology is picking up. This could be the very early stages of a big bull market run for tech stocks.