Paul,
I focus on enterprise software when gorilla gaming. I love
the economics of the companies, and you can play fairly early in the game or "bowling alley" with a little more security than some of the other tech sectors. Plus it's easier for me to understand the business than some of the other areas of tech. Externalities or value chains start coming into play fairly quickly with software companies as the switching costs are somewhat high for companies from the gitgo, and generally a supporting cast is already in place to help implement software even for fairly small companies.
Just to throw out some names, some of the software companies I find interesting - SEBL, MANU, ITWO, PRGN. I own SEBL and MANU right now, have owned ITWO in the past but not currently, and am interested in PRGN although not as interested as I was pre 9-11. Have also owned PSFT, ORCL, MSFT and some others at various times but not now. I should probably just buy a software mutual fund, but heck - that's not as fun. |
