No Bubble for Tech Stocks

Microsoft is a deal, but some social media firms will go bust.

With Web-based startups flooding the market of initial public offerings and stocks of a few social-media companies reaching sky-high valuations, many investors may be experiencing a bit of déjà vu. But David Eiswert, manager of the T. Rowe Price Global Technology Fund (symbol PRGTX), says this is not a repeat of the dot-com bubble of the late 1990s. The following is an excerpt of our recent conversation with him.

KIPLINGER: Is there another tech-stock bubble on Wall Street?

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Jennifer Schonberger
Staff Writer, Kiplinger's Personal Finance