March 27, 2012
SUNDAY, MAY 08, 2011
[Published originally on SUNDAY, MAY 08, 2011]
You can see the whole presentation there:
He pinpoints that even though some valuation in the 80’s or 90’s appeared overvalued at first, with time they were highly undervalued. For instance, the IPO of Microsoft around $600M (or $0.07 per share, Cisco ($0.23), Amazon ($0.44), eBay and Google can all be considered higly undervalued.
He reports that it may be also the case in some extent for the next IPO of Facebook and Zynga.