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May 22, 2013
"The Hits Just Keep on Coming"

Is the Dow's Rising Tide Lifting All Boats?

  

The cyber-ink was hardly dry on the latest issue of our quarterly Valuation & Deal Insights� -- which featured several articles on how the skyrocketing Dow in 2013 has had little or no effect on tech companies -- when the Dow hit another all-time high... and another... and another.
 
At the close of market yesterday -- May 21st -- the Dow reached 15,387.58 on word from Federal Reserve Chairman Ben Bernanke that the Fed will continue its economic stimulus programs until it sees more traction in the economic recovery.
 
So we took one more look at the Dow in the context of what its rise in 2013 means to tech companies.
 
In an article for Yahoo! Finance, Marty Wolf wrote, "The slighting of tech is nothing new. Since April 2000 -- when the dotcom bubble burst -- most tech stocks have been second-class citizens."

Marty presented an analysis based on our MW IT Index� of "the four horsemen" -- Cisco, Dell, Intel and Microsoft -- tech companies that dominated in the 1990s and the early 2000s. Our analysis shows that valuations for these four companies have declined dramatically in the 13 years from their all-time highs in March 2000 to March 2013.

"The public markets' relative lack of interest in tech leaders travels down the IT value chain," wrote Marty. "Also hard hit are IT services firms, outsourcers and resellers." 
 
For Marty's conclusions on what options IT firms have outside the public markets, read his article on the Dow on Yahoo! Finance.

Click here to read our latest issue of Valuation & Deal Insights.  

  

To learn more about martinwolf contact Matthew Putzulu at mputzulu@martinwolf.com.  

About martinwolf    

 

     San Ramon Office          
             San Francisco, CA                                                Bangalore, India

With offices in San Francisco and Bangalore, India, martinwolf is a leading middle market M&A Advisory focused on companies with services-based business models. Since 1997, our team has completed more than 115 transactions in seven countries. We are a five-year member of the Merrill Lynch PS Referral Network, and were selected as ICICI Bank's (India's leading private bank) exclusive strategic partner for acquiring U.S. IT companies. martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com.

   

 

May 1, 2013

Publicly traded Veramark Technologies, Inc. (VERA:OTCB), a Rochester, NY-based provider of Telecom Expense Management (TEM) solutions, announced it has agreed to be taken private by Varsity Acquisition LCC and All Big Ten Holdings, Inc., a wholly owned subsidiary of Varsity. martinwolf acted as the financial advisor to Varsity in this transaction. Veramark works with companies to take the complexity and expense out of telecom, including managing costly mobile devices and networks. All of the company's solutions are hosted SaaS or available as on-premise software..

Please click here to view the announcement.  


November 6, 2012

Rolta, through its subsidiary Rolta International, Inc. announced that it acquired AdvizeX Technologies, LLC , a US company providing a comprehensive set of IT products and services ranging from roadmap planning to cloud-computing implementation strategy. With the acquisition, Rolta is now one of the top national partners of Oracle, Microsoft, HP, EMC and VMware in the US. Rolta was represented by martinwolf in the transaction. 

Please click here to view the announcement.

 

June 15, 2012

glendonTodd Capital LLC announced that it acquired Aztec Systems, a leading provider of enterprise technology solutions to hundreds of U.S. middle-market companies. Aztec was represented by martinwolf in this transaction. Aztec, a member of Microsoft's Presidents Club, was recently ranked 27th in revenue on Bob Scott's 2012 Top 100 VARS list and serves more than 700 middle-market clients. Terms of the transaction were not disclosed.
Please
click here to view the announcement.

 

 

 

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"It was to be a grand party and its only shortcoming was that I was not invited."

 

Judith Sills

 

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