The tech sector has had a split personality for the last year or so.
VCs and angels have been throwing big money after startups and the young hotshot engineers who run them, and the tech IPO market has been hotter than any time since the late 1990s.
But established tech companies have been acting conservative, accumulating cash while their P/E ratios languish in the low double-digits -- just above the range that "steel mills trade at before they're going out of business" as Marc Andreessen recently quipped.
To read the full, original article click on this link: HOARDERS: These Tech Companies Sitting On Massive Cash Piles Look Pretty Smart
Author:Matt Rosoff
