The Taylor Wessing Technology Barometer — Q2 2013 Edition
Hope springs eternal. After what was, in relative terms, a pretty robust 2012, the results from Q1 2013, highlighted in this report follow a similarly positive trend. The rays of sunshine in this quarter’s report include the rise in valuations, which have reached a three-year high, and the growth profile of both the ICT services sector and the Megabuyte Taylor Wessing (MBTW) All Share Index. Boardroom confidence has also increased significantly and, as a result, the longer-term view is that over the next 12 months the sector will continue to flourish.
The technology market this quarter is a blue sky with a smattering of clouds, with a slightly ominous raincloud being the weak UK and EU markets and the lack of any meaningful IPO activity. The collapse of 2e2 has not, as yet, directly affected the market and the major bid by Liberty Global for Virgin Media, along with the steady flow of M&A this quarter, has buoyed the industry. So, all in all, we remain confident the technology sector will continue to outperform the market…
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