From The Slant:
When it comes to high-tech investments, few players are more closely watched than the trio of Apple, Microsoft (MSFT) and Facebook.
There’s good reason for all of the attention — these picks all represent different phases in the mobile revolution that is reshaping consumer, business and investor behavior.
Microsoft once was the ultimate technology company with its dominant Windows and Office duo, but the post-PC age is slowly eating it alive. Apple currently is a dominant player in mobile, but many are worried it’s a fading star as devices running Android software from Google (GOOG) continue to gain appeal both at home and abroad. And then you have Facebook, which is growing its mobile audience at a breakneck pace and is one of the few players that seems to have a successful strategy when it comes to the ever-changing smartphone and tablet space.
But when do you stop focusing on the narrative and begin focusing on the numbers? Like with Apple and Microsoft, when do you begin to see the massive cash hoards and operating cash flows as undervalued? And with Facebook, when do you see the optimistic narrative as already baked into shares after a big run?