Julian Robertson, founder of Tiger Management Corp., said Monday
that shares of Intel Corp. (INTC) and Google Inc. (GOOG) are
attractive, given the future prospects of the technology
giants.
Robertson said he used to think that a value investment was one
that was extremely cheap. Now, the veteran investor reckons a value
investment as one where there is a low price relative to the
expected earnings that the company will generate over the next
several years.
Intel is trading at 16 or 17 times next year's earnings. "That's
not bad for a company with its intellectual superiority," Robertson
said. "Google is another one that appears over the moon but is
still growing rapidly," he added.
Robertson also highlighted Ryanair Holdings PLC (RYAAY, RYA.DB),
a European airline, and gold-mining companies.
-By Greg Morcroft; 415-439-6400; AskNewswires@dowjones.com
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