Mergers and acquisitions are ramping up (as are rumors), but with the sector slightly overvalued, we stick to fundamentals and seek firms with established economic moats.
Given the tech sector's higher recent volatility and overvaluation, we're seeking wider margins of safety and established economic moats.
We think the market is overly concerned about the competition.
With the tech and telecom sectors becoming more fully valued, it's time for investors to be selective.
M&A activity contributes to surge.