Investors in the 80s and 90s did very well if they held long positions in Intel, Microsoft, Dell and Cisco. Since the dot.com bust, all four have flatlined, or worse, lost ground. All were built on the PC business model.
In an article titled The New Four Horsemen of Tech, CNN says it's no longer about the desktop, now it's all in the cloud.
"But things have changed. The PC is no longer driving technology growth. Mobile phones, tablets, and cloud computing are blazing a new path.
So who should replace the old guard? We surveyed 30 technology experts, ranging from stock analysts to tech consultants to fund managers, asking them to pick four public companies (sorry, Facebook). We also polled thousands of our readers.
The results are clear: Apple (AAPL, Fortune 500), Google (GOOG, Fortune 500), Amazon (AMZN, Fortune 500) and IBM (IBM, Fortune 500) are the new four horsemen of tech. Unsurprisingly, all four companies are leaders in mobility or cloud computing."
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