Compared to the year 2000 when tech reached a bubble, there was only 5% of the population connected to the internet. At that time the Web summit in Dublin gathered 400 people, whereas this year some 20,000 are expected to attend the event. It’s no wonder that Microsoft Corporation (NASDAQ:MSFT) and Google Inc (NASDAQ:GOOGL) have been so aggressive towards innovation although there were no obvious reasons to do so. Adam Kostyal stated in an interview at Bloomberg that out of 160 new listings on NASDAQ, 25 were tech, and most of European companies tend to prefer the US market over the local one.
“If you take a company looking to list in the US, they’re looking for the additional liquidity, the valuations, their peers that are listed there. But it’s also important for them to increase their visibility and credibility by being listed in the US,” informed Adam Kostyal.
It’s highly unlikely that a start-up can search the web better than Google Inc (NASDAQ:GOOGL) or develop more useful desktop applications than Microsoft Corporation (NASDAQ:MSFT). Nevertheless, it’s not impossible as these two tech giants have been small themselves, and to be more precise the former was pretty much a garage company at start. Even at this moment, one can get the feeling that technology is a rather crowded place to be, we can see that there are enough successful companies even at lower level than the leaders.
“NASDAQ has more than 600 tech companies on its exchange. We have 75% of the tech companies on NASDAQ and, of course, if you want to be measured with your peers and you want to grow with your peers then the US is a great market to access,” informed Adam Kostyal.
Google Inc (NASDAQ:GOOGL)’s diversification strategy somehow forces the company to battle on different fronts of the markets, fact which has been neatly under control of the company’s brilliant engineers. Microsoft Corporation (NASDAQ:MSFT), which is competing with the Mountain View, California-based tech juggernaut in the field of mobile devices and software, cloud computing, search engine and browser, to name a few, it’s trying to redefine itself as a mobile and cloud company.
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