Owings Mills, Maryland, Oct. 1 (Bloomberg)
John Doerr, a partner at Kleiner, Perkins, Caufield & Byers, said there's still a lot of growth ahead for larger, better-known tech companies as well. Despite conflicting opinions about whether Amazon.com Inc. will ever turn a profit, he thinks the biggest Internet retailer will perform well long-term.
Doerr refuted comments made last week by Steven Ballmer, president of another company that he recommends, Microsoft Corp. Ballmer said at a conference that technology stocks, including Microsoft, were overvalued. ``I think he was wrong. It's still very, very early in this market of opportunity,' Doerr said.
¸1999 Bloomberg L.P.
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