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CORRECTED: Silver Lake sees good time to invest in tech
January 25, 2008 / 7:51 AM / 10 years ago

CORRECTED: Silver Lake sees good time to invest in tech

Corrects company name in headline to Silver Lake from Silverlake; Giancarlo’s title paragraphs 1 and 2 to managing director from CEO; company name paragraph 1 to Silver Lake from Silver Lake Partners.

DAVOS, Switzerland (Reuters) - Market uncertainty has made it a good time to invest in technology companies, a managing director (MD) of private equity firm Silver Lake said on Friday.

“It’s actually a good time for technology investments right now because of all the uncertainty ... because prices are coming down,” Charlie Giancarlo, MD of the technology-based fund, told Reuters at the annual meeting of the World Economic Forum.

“(This is) even though economic performance of many of these companies remains solid, or at least the long-term performance remains very positive,” Giancarlo said.

“So it’s a very good time. (There are) a lot of interesting areas: there is semiconductors, software remains a very exciting area and actually services around technology, these are very good.”

For full coverage, blogs and TV from Davos, see: here (Reporting by Sam Cage; editing by David Stamp)

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